Holt Chetwood Takes Expanded Role at First Citizens Bank as Regional Executive VP
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy FCNCA?
Source: PRnewswire
- Expanded Leadership Role: Holt Chetwood has been appointed as Regional Executive Vice President at First Citizens Bank, overseeing 55 branches across South Carolina and parts of Georgia, which is expected to enhance client service and drive business growth in the region.
- Extensive Industry Experience: With nearly 30 years in banking, Chetwood joined First Citizens in 2020 after leading business and commercial banking teams at Wells Fargo, demonstrating a strong background that supports his new role.
- Community Impact: Chetwood has made significant contributions to the community, serving on various boards and being recognized as one of Columbia's Most Influential People, highlighting his commitment to local economic development.
- Company Background: First Citizens Bank, a top 20 U.S. financial institution with over $200 billion in assets, is dedicated to providing comprehensive financial services to personal and business clients, and Chetwood's appointment is set to further strengthen its market position in the South Region.
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Analyst Views on FCNCA
Wall Street analysts forecast FCNCA stock price to rise
8 Analyst Rating
4 Buy
4 Hold
0 Sell
Moderate Buy
Current: 2045.850
Low
2000
Averages
2270
High
2500
Current: 2045.850
Low
2000
Averages
2270
High
2500
About FCNCA
First Citizens BancShares, Inc. is the financial holding company for First-Citizens Bank & Trust Company (First Citizens Bank). The Company’s General Bank segment delivers products and services to consumers and businesses through its network of branches and various digital channels. It offers a full suite of deposit products, loans, cash management, private banking and wealth management, payment services, and treasury services. The Commercial Bank segment provides a range of lending, leasing, capital markets, asset management, and other financial and advisory services, primarily to small and middle market companies. The SVB Commercial segment offers products and services to commercial clients and investors across stages, sectors and regions in the innovation ecosystem, as well as private equity and venture capital firms. The Rail segment offers customized leasing and financing solutions on a fleet of railcars and locomotives to railroads and shippers throughout North America.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
First Citizens BancShares Q1 2026 Earnings Highlights
- Earnings Performance: First Citizens BancShares reported adjusted earnings per share of $44.86 for Q1 2026, with net income reaching $560 million, reflecting positive outcomes in capital optimization and increased client activity, despite a decline in net interest income by $101 million and a compression in net interest margin to 3.09%.
- Deposit Growth: Deposits grew by 5.7% sequentially this quarter, reaching between $171 billion and $174 billion, primarily driven by increased client activity in the Tech and Healthcare sectors, indicating the company's successful strategy in attracting client deposits.
- Capital Repurchase: The company returned $900 million to shareholders through share repurchases, although management anticipates a slower pace for buybacks in the coming months, reflecting a cautious approach to capital management that may impact short-term shareholder returns.
- Strategic Transition: First Citizens plans to transition to a united brand structure in Q4, launching innovation banking and fund banking sub-brands, aimed at enhancing client service capabilities and driving business growth, demonstrating the company's forward-looking strategy in a competitive market.
See More
First Citizens Bank Announces Brand Rebranding Strategy
- Brand Rebranding Plan: First Citizens Bank plans to rebrand Silicon Valley Bank and its related divisions as First Citizens Innovation Banking and First Citizens Fund Banking in Q4 2026, aiming to enhance customer experience and market recognition through unified branding.
- Expansion of Commercial Banking Capabilities: The bank will expand its capabilities in cryptocurrency, payments, and international banking, demonstrating a long-term commitment to the innovation economy and private equity sector, which is expected to further strengthen its market competitiveness.
- Maintaining Customer Experience: Despite the name changes, First Citizens Bank is committed to continuing to provide customized banking services, ensuring that clients receive a consistent high-quality experience through interactions with Relationship Managers and Advisors, thereby reinforcing its leadership position in the innovation economy.
- Advertising Campaign Launch: The bank will launch a new advertising campaign titled “The Best of Bank Worlds” in May 2026, aimed at enhancing brand recognition and attracting more clients, showcasing its market influence in innovation hubs.
See More
First Citizens BancShares Q1 Earnings Exceed Expectations
- Earnings Beat: First Citizens BancShares reported a Q1 non-GAAP EPS of $44.86, exceeding expectations by $5.63, indicating strong profitability that may boost investor confidence.
- Slight Revenue Decline: The bank's revenue of $2.31 billion, down 2.1% year-over-year, still surpassed market expectations by $110 million, demonstrating relative stability in income amidst challenging conditions.
- Increased Credit Loss Reserves: The provision for credit losses totaled $72 million this quarter, up from $54 million in the previous quarter, reflecting a cautious approach to potential credit risks that could impact future profitability.
- Stable Capital Ratios: As of March 31, 2026, the estimated total risk-based capital ratio stood at 13.51%, indicating a robust capital structure that enhances market confidence in the bank's financial health.
See More
First Citizens BancShares Reports Q1 2026 Earnings
- Strong Financial Performance: First Citizens BancShares reported a net income of $534 million for Q1 2026, down from $580 million in Q4 2025, indicating stable profitability despite challenges faced in the banking sector.
- Increased Shareholder Returns: The bank returned $900 million to shareholders through share repurchases during the quarter, which not only boosted earnings per share but also reflects the company's confidence in future growth prospects.
- Loan and Deposit Growth: The quarter saw growth in both loans and deposits, demonstrating the bank's enhanced competitiveness in the market and laying a solid foundation for future business expansion.
- Strong Capital and Liquidity: The bank maintained a robust capital and liquidity position, having prepaid $2.5 billion of the Purchase Money Note, showcasing effective risk management and capital allocation strategies.
See More
First Citizens BancShares Declares Dividends
- Dividend Declaration: The Board of Directors of First Citizens BancShares has announced dividends on common and preferred stock to be paid on June 15, 2026, with a record date of May 29, 2026, reflecting the company's ongoing commitment to shareholder returns.
- Asset Scale: As a top 20 U.S. financial institution managing over $225 billion in assets, First Citizens BancShares demonstrates its solid position and influence in the financial market.
- Service Diversity: The company offers a wide range of banking services, including a nationwide branch network and commercial banking expertise, aimed at meeting diverse customer needs and enhancing market competitiveness.
- Long-term Stability: Known for its legacy of strength, stability, and long-term thinking, First Citizens BancShares indicates a sustainable development strategy in the financial industry and a commitment to its customers.
See More
First Citizens BancShares Reports Strong Q1 2026 Earnings Highlights
- Capital Return Program: First Citizens BancShares repurchased 449,845 shares of common stock for $900 million in Q1 2026, demonstrating a strong commitment to shareholder returns while reflecting robust capital liquidity and financial health.
- Loan and Deposit Growth: As of March 31, 2026, total loans and leases reached $148.69 billion, a 0.5% increase from December 31, 2025, indicating solid growth in the commercial banking sector, particularly in Global Fund Banking.
- Decline in Net Interest Income: The bank reported net interest income of $1.62 billion for Q1, down $101 million from the previous quarter, primarily due to a decrease in loan yields and investment securities income, highlighting the impact of market interest rate fluctuations on revenue.
- Changes in Non-Interest Income: Non-interest income totaled $692 million in Q1, a decrease of $23 million from the linked quarter, mainly due to a decline in other non-interest income, reflecting challenges in diversifying revenue sources.
See More
First Citizens BancShares Q1 2026 Earnings Highlights
- Earnings Performance: First Citizens BancShares reported adjusted earnings per share of $44.86 for Q1 2026, with net income reaching $560 million, reflecting positive outcomes in capital optimization and increased client activity, despite a decline in net interest income by $101 million and a compression in net interest margin to 3.09%.
- Deposit Growth: Deposits grew by 5.7% sequentially this quarter, reaching between $171 billion and $174 billion, primarily driven by increased client activity in the Tech and Healthcare sectors, indicating the company's successful strategy in attracting client deposits.
- Capital Repurchase: The company returned $900 million to shareholders through share repurchases, although management anticipates a slower pace for buybacks in the coming months, reflecting a cautious approach to capital management that may impact short-term shareholder returns.
- Strategic Transition: First Citizens plans to transition to a united brand structure in Q4, launching innovation banking and fund banking sub-brands, aimed at enhancing client service capabilities and driving business growth, demonstrating the company's forward-looking strategy in a competitive market.
See More
First Citizens Bank Announces Brand Rebranding Strategy
- Brand Rebranding Plan: First Citizens Bank plans to rebrand Silicon Valley Bank and its related divisions as First Citizens Innovation Banking and First Citizens Fund Banking in Q4 2026, aiming to enhance customer experience and market recognition through unified branding.
- Expansion of Commercial Banking Capabilities: The bank will expand its capabilities in cryptocurrency, payments, and international banking, demonstrating a long-term commitment to the innovation economy and private equity sector, which is expected to further strengthen its market competitiveness.
- Maintaining Customer Experience: Despite the name changes, First Citizens Bank is committed to continuing to provide customized banking services, ensuring that clients receive a consistent high-quality experience through interactions with Relationship Managers and Advisors, thereby reinforcing its leadership position in the innovation economy.
- Advertising Campaign Launch: The bank will launch a new advertising campaign titled “The Best of Bank Worlds” in May 2026, aimed at enhancing brand recognition and attracting more clients, showcasing its market influence in innovation hubs.
See More
First Citizens BancShares Q1 Earnings Exceed Expectations
- Earnings Beat: First Citizens BancShares reported a Q1 non-GAAP EPS of $44.86, exceeding expectations by $5.63, indicating strong profitability that may boost investor confidence.
- Slight Revenue Decline: The bank's revenue of $2.31 billion, down 2.1% year-over-year, still surpassed market expectations by $110 million, demonstrating relative stability in income amidst challenging conditions.
- Increased Credit Loss Reserves: The provision for credit losses totaled $72 million this quarter, up from $54 million in the previous quarter, reflecting a cautious approach to potential credit risks that could impact future profitability.
- Stable Capital Ratios: As of March 31, 2026, the estimated total risk-based capital ratio stood at 13.51%, indicating a robust capital structure that enhances market confidence in the bank's financial health.
See More
First Citizens BancShares Reports Q1 2026 Earnings
- Strong Financial Performance: First Citizens BancShares reported a net income of $534 million for Q1 2026, down from $580 million in Q4 2025, indicating stable profitability despite challenges faced in the banking sector.
- Increased Shareholder Returns: The bank returned $900 million to shareholders through share repurchases during the quarter, which not only boosted earnings per share but also reflects the company's confidence in future growth prospects.
- Loan and Deposit Growth: The quarter saw growth in both loans and deposits, demonstrating the bank's enhanced competitiveness in the market and laying a solid foundation for future business expansion.
- Strong Capital and Liquidity: The bank maintained a robust capital and liquidity position, having prepaid $2.5 billion of the Purchase Money Note, showcasing effective risk management and capital allocation strategies.
See More
First Citizens BancShares Declares Dividends
- Dividend Declaration: The Board of Directors of First Citizens BancShares has announced dividends on common and preferred stock to be paid on June 15, 2026, with a record date of May 29, 2026, reflecting the company's ongoing commitment to shareholder returns.
- Asset Scale: As a top 20 U.S. financial institution managing over $225 billion in assets, First Citizens BancShares demonstrates its solid position and influence in the financial market.
- Service Diversity: The company offers a wide range of banking services, including a nationwide branch network and commercial banking expertise, aimed at meeting diverse customer needs and enhancing market competitiveness.
- Long-term Stability: Known for its legacy of strength, stability, and long-term thinking, First Citizens BancShares indicates a sustainable development strategy in the financial industry and a commitment to its customers.
See More
First Citizens BancShares Reports Strong Q1 2026 Earnings Highlights
- Capital Return Program: First Citizens BancShares repurchased 449,845 shares of common stock for $900 million in Q1 2026, demonstrating a strong commitment to shareholder returns while reflecting robust capital liquidity and financial health.
- Loan and Deposit Growth: As of March 31, 2026, total loans and leases reached $148.69 billion, a 0.5% increase from December 31, 2025, indicating solid growth in the commercial banking sector, particularly in Global Fund Banking.
- Decline in Net Interest Income: The bank reported net interest income of $1.62 billion for Q1, down $101 million from the previous quarter, primarily due to a decrease in loan yields and investment securities income, highlighting the impact of market interest rate fluctuations on revenue.
- Changes in Non-Interest Income: Non-interest income totaled $692 million in Q1, a decrease of $23 million from the linked quarter, mainly due to a decline in other non-interest income, reflecting challenges in diversifying revenue sources.
See More
