First-Citizens Bank & Trust Company
Raleigh, North Carolina, Wake County
$236B in total assets, the 19th largest of 4,309 US banks and 3rd of 39 headquartered in North Carolina.
- FDIC certificate
- 11063
- Established
- 1898
- Owned by
- First Citizens Bancshares Inc
- Primary regulator
- FDIC
- Website
- www.firstcitizens.com
At a glance
Compared with 31 US banks with over $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $236B | 42% | $255B | |
| Loans | $151B | 55% | $144B | |
| Deposits | $174B | 39% | $225B | |
| Return on assets | 1.03% | 23% | 1.22% | |
| Net interest margin | 3.14% | 52% | 3.14% | |
| Efficiency ratio | 65.1% | 77% | 54.8% | |
| Equity to assets | 9.78% | 55% | 9.69% | |
| Loans to deposits | 87% | 84% | 73% |
Growth
Total assets grew 33.8% a year over the last 5 years and 22.1% a year over 10 years, including 12 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Mar 2023 | Silicon Valley Bridge Bank, National Association Santa Clara, CA | n/a |
| Jan 2022 | CIT Bank, National Association Pasadena, CA | $47.6B |
| Feb 2020 | Gwinnett Community Bank Duluth, GA | $224M |
| Dec 2019 | Entegra Bank Franklin, NC | $1.7B |
| May 2019 | First South Bank Spartanburg, SC | $236M |
| Apr 2019 | Biscayne Bank Coconut Grove, FL | $1.0B |
| Nov 2018 | Palmetto Heritage Bank & Trust Pawleys Island, SC | $165M |
| Oct 2018 | Securant Bank & Trust Menomonee Falls, WI | $223M |
| Apr 2018 | HomeBanc Tampa, FL | $910M |
| May 2017 | Guaranty Bank Milwaukee, WI | $1.0B |
| Jan 2017 | Harvest Community Bank Pennsville, NJ | $124M |
| Sep 2016 | Bank of Virginia Midlothian, VA | $354M |
| May 2016 | First CornerStone Bank King Of Prussia, PA | $103M |
| Mar 2016 | North Milwaukee State Bank Milwaukee, WI | $67M |
| Feb 2015 | Capitol City Bank & Trust Company Atlanta, GA | $272M |
| Jan 2015 | First Citizens Bank and Trust Company, Inc. Columbia, SC, an affiliate under the same holding company | $8.3B |
| Jan 2014 | Mountain 1st Bank & Trust Company Hendersonville, NC | $643M |
| Jul 2011 | Colorado Capital Bank Castle Rock, CO | $666M |
| Jan 2011 | United Western Bank Denver, CO | $2.2B |
| Jan 2011 | IronStone Bank Fort Myers, FL, an affiliate under the same holding company | $2.7B |
| Mar 2010 | Sun American Bank Boca Raton, FL | $536M |
| Jan 2010 | First Regional Bank Los Angeles, CA | $2.1B |
| Sep 2009 | Venture Bank Lacey, WA | $968M |
| Jul 2009 | Temecula Valley Bank Temecula, CA | $1.4B |
| Jun 2006 | First-Citizens Bank, National Association Roanoke, VA, an affiliate under the same holding company | $204M |
| Oct 2003 | Avery County Bank Newland, NC | $72M |
| Oct 1998 | First Citizens Bank & Trust Company White Sulphur Springs, WV, an affiliate under the same holding company | $127M |
| Sep 1997 | First Savings Bank of Rockingham County, SSB Reidsville, NC | $49M |
| Feb 1996 | Peoples Savings Bank, Inc., SSB Wilmington, NC | $100M |
| Feb 1996 | Summit Savings Bank, Inc., SSB Sanford, NC | $164M |
| Jan 1996 | First-Citizens Bank & Trust Company Lawrenceville, VA, an affiliate under the same holding company | $277M |
| Mar 1995 | State Bank Fayetteville, NC | $52M |
| Feb 1995 | First Investors Savings Bank, Inc., SSB Whiteville, NC | $49M |
| Dec 1994 | First Republic Savings Bank FSB Roanoke Rapids, NC | $55M |
| Aug 1994 | Edgecomb Homestead Savings Bank, Inc., SSB Tarboro, NC | $41M |
| Mar 1994 | The Bank of Bladenboro Bladenboro, NC | $22M |
| Oct 1993 | First American Federal Savings Bank Greensboro, NC | $338M |
| Sep 1993 | Pioneer Savings Bank, Inc. Rocky Mount, NC | $310M |
| Aug 1993 | Surety Federal Savings and Loan Association, F.A. Morganton, NC | $63M |
| Jun 1993 | Caldwell Savings Bank, Inc., S.S.B. Lenoir, NC | $53M |
| Jul 1991 | First Federal Savings Bank Hendersonville, NC | $438M |
| Jan 1991 | Mutual Savings and Loan Association, Inc. Charlotte, NC | $246M |
| Sep 1990 | Heritage Federal Savings and Loan Association Monroe, NC | $191M |
| Sep 1990 | North Carolina Savings and Loan Association, F.A. Charlotte, NC | $472M |
| Jul 1985 | Farmers Bank of Sunbury Sunbury, NC | $48M |
| Mar 1985 | First State Bank Winterville, NC | $51M |
| Mar 1985 | Farmers Bank Pilot Mountain, NC | $36M |
| Jun 1983 | Peoples Bank of North Carolina Madison, NC | n/a |
| Dec 1981 | Commercial & Farmers Bank Rural Hall, NC | n/a |
| Dec 1981 | Commercial & Savings Bank Boonville, NC | n/a |
| Nov 1979 | Bank of Conway Conway, NC | n/a |
| Sep 1974 | The Bank of Coleridge Ramseur, NC | n/a |
| Sep 1974 | The Bank of Commerce Charlotte, NC | n/a |
| Jan 1971 | The Haynes Bank Cliffside, NC | n/a |
| Mar 1963 | Western Carolina Bank & Trust Company Asheville, NC | n/a |
Where they operate
518 branches in 221 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Wake County, NC | $70.1B | 65.8% | 1 of 36 |
| Santa Clara County, CA | $43.6B | 25.0% | 1 of 42 |
| Los Angeles County, CA | $5.7B | 1.1% | 14 of 91 |
| Mecklenburg County, NC | $2.4B | 0.6% | 6 of 35 |
| Richland County, SC | $1.7B | 9.2% | 3 of 23 |
| Buncombe County, NC | $1.2B | 16.6% | 2 of 22 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 36 branches since 2016 (554 to 518, −6.5%). 58 opened, 159 acquired, 253 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 554 | |||
| 2016 | Acquired 3 banksOpened 4 in 3 states, closed 27 in 10 states | 15 | 27 | −12 | 542 |
| 2017 | Acquired Guaranty Bank and Harvest Community BankOpened 10 in 8 states, closed 23 in 7 states | 26 | 23 | +3 | 545 |
| 2018 | Acquired 3 banksOpened 5 in 5 states, closed 19 in 8 states | 24 | 19 | +5 | 550 |
| 2019 | Acquired 3 banksOpened 6 in 6 states, closed 10 in 6 states | 29 | 10 | +19 | 569 |
| 2020 | Acquired Gwinnett Community BankOpened 7 in 5 states, closed 38 in 10 states | 10 | 38 | −28 | 541 |
| 2021 | Opened 11 in 6 statesClosed 24 in 9 states | 11 | 24 | −13 | 528 |
| 2022 | Acquired CIT Bank, National AssociationOpened Johnson City and Walnut Creek, closed 52 in 11 states | 73 | 52 | +21 | 549 |
| 2023 | Acquired Silicon Valley Bridge Bank, National AssociationBought 16 branches from Silicon Valley Bank, opened 3 in 3 states, closed 18 in 7 states | 19 | 18 | +1 | 550 |
| 2024 | Opened 4 in 4 statesClosed 18 in 6 states | 4 | 18 | −14 | 536 |
| 2025 | Opened 5 in 3 statesClosed 22 in 5 states | 5 | 22 | −17 | 519 |
| 2026 through Q2 | Opened Chula VistaClosed Artesia and Huntington Beach | 1 | 2 | −1 | 518 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Business (C&I) | 24% | 18% | |
| Commercial real estate | 19% | 7% | |
| 1-4 family residential | 16% | 19% | |
| Construction and land | 5% | 2% | |
| Multifamily | 2% | 3% | |
| Consumer | 1% | 21% | |
| Farmland | 1% | 0% | |
| Other | 32% | 31% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 67% | 72% | |
| Noninterest-bearing | 25% | 15% | |
| Time deposits | 9% | 13% |
Brokered deposits are 6.3% of deposits (peers 7.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.11% | 0.86% |
| Net charge-offs, annualized | 0.29% | 0.37% |
| Reserves to loans | 0.98% | 1.49% |
| Leverage ratio | 9.75% | 9.39% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in North Carolina
Largest competitors in Wake County, NC
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/first-citizens-bank-trust-raleigh-nc