First Citizens BancShares, Inc. Announces Net Charge Off for the Fourth Quarter Ended December 31, 2020
January 26, 2021 at 04:30 pm
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First Citizens BancShares, Inc. announced net charge off for the fourth quarter ended December 31, 2020. For the quarter, the company reported net charge-offs of loans and leases of $5,025,000 compared to $9,411,000 a year ago.
First Citizens BancShares, Inc. is a holding company of First-Citizens Bank & Trust Company. The Company has four segments. General Banking segment delivers products and services to consumers and businesses through its network of branches and various digital channels. Commercial Banking segment provides a range of lending, leasing, capital markets, asset management and other financial and advisory services, primarily to small and middle market companies in a range of industries, including energy, healthcare, tech media and telecom, asset-backed lending, capital finance, maritime, corporate banking, aerospace and defense, and sponsor finance. Silicon Valley Banking segment offers products and services to commercial clients in key innovation markets, such as the healthcare and technology industries, as well as to private equity and venture capital firms. Rail segment offers customized leasing and financing solutions on a fleet of railcars and locomotives to railroads and shippers.
FIRST CITIZENS BANCSHARES, INC. 
