First Citizens BancShares ( (FCNCA) ) has provided an announcement.
On April 7, 2025, First-Citizens Bank & Trust Company entered into a Termination Agreement with the FDIC to end the commercial shared-loss agreement related to its acquisition of Silicon Valley Bridge Bank’s assets. The termination was driven by the low likelihood of reaching the $5 billion loss threshold and will eliminate associated reporting responsibilities, impacting the company’s operational focus and simplifying its financial obligations.
Spark’s Take on FCNCA Stock
According to Spark, TipRanks’ AI Analyst, FCNCA is a Outperform.
First Citizens BancShares demonstrates solid financial performance with a strong earnings call outlook. However, technical indicators suggest caution due to recent bearish trends. The stock appears undervalued, which may present a buying opportunity if technical conditions improve.
To see Spark’s full report on FCNCA stock, click here.
More about First Citizens BancShares
First Citizens BancShares is a financial services company operating through its subsidiary, First-Citizens Bank & Trust Company, a North Carolina chartered commercial bank. The company focuses on providing banking services, including asset acquisition and liability management, with a market focus on commercial banking.
YTD Price Performance: -25.57%
Average Trading Volume: 83,333
Technical Sentiment Signal: Hold
Current Market Cap: $21.09B
See more insights into FCNCA stock on TipRanks’ Stock Analysis page.