Citizens, Inc. Corrects Information Error in Some Investor Platforms June 27, 2024 3:52 PM EDT | Source: Citizens, Inc. Citizens, Inc. (NYSE: CIA), a diversified financial services company, is not a bank and is not subject to the Federal Reserve stress test. Citizens Financial Group, Inc. (NYSE: CFG) is a bank that is subject to the stress test. The Federal Reserve's 2024 stress test published on June 26, 2024 is HERE. Citizens, Inc. (NYSE: CIA) is a diversified financial services company providing life, li ...

The Best 50 Corporate Citizens in Canada are each evaluated on a set of up to 25 environmental, social and governance indicators including board diversity, resource efficiency, financial management, sustainable revenue and sustainable investment. For more information about the Best 50 Corporate Citizens in Canada and the full rankings, visit https://www.corporateknights.com/rankings/best-50-rankings/2024-best-50-rankings/. These forward-looking statements include, but are not limited to, statements relating ...

"With a significant portion of the score linked to sustainable revenue, this metric underscores the exceptional quality of Wheaton's mining partners and highlights the rigorous due diligence process we employ," said Patrick Drouin, Chief Sustainability Officer and President of Wheaton Precious Metals International. Earlier this year, Wheaton was recognized among Corporate Knights' 2024 100 most sustainable corporations in the world. To learn more about Wheaton's sustainability approach and commitments, plea ...

NEW YORK, June 25, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Maritime Finance business provided a senior secured loan of $22 million to Euroseas Ltd. for the financing for a newbuild 2,800 TEU Eco containership. Formed in 2005, Euroseas (Nasdaq: ESEA) is an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes. The company has a fleet of 22 vessels, including 15 Feeder containerships and 7 Intermediate containerships. Eurose ...

RALEIGH, N.C., June 17, 2024 /PRNewswire/ -- First Citizens Wealth, the wealth management division of First Citizens Bank (NASDAQ: FCNCA/FCNCB), today published the results of a new study conducted to uncover insights on the behaviors and attitudes of affluent Americans toward money management and planning for the future. Key findings include: 66% of affluent Americans believe they manage their money better than others; only 4% believe they do worse. Affluent Americans expect to need $5.5 million to retire ...

NEW YORK, June 13, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Energy Finance business served as coordinating lead arranger on $133 million of financing for the new Cranberry Point Energy Storage project planned for Carver, Massachusetts. Cranberry Point is a 150 MW / 300 MWh battery energy storage project developed by Plus Power with a targeted completion in the second quarter of 2025. Located on roughly 6 acres of land in Carver, Massachusetts, the project will interconnect near crit ...

NEW YORK, June 11, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Asset-Based Lending business will provide up to $400 million in combined financing to facilitate the investments of WhiteHawk Fund IV and WhiteHawk Evergreen Fund. "WhiteHawk Capital is well-known for its success in extending asset-based financing to select borrowers," said Chris Esposito, managing director and group head for First Citizens' Asset-Based Lending business. "We were pleased to again collaborate with the WhiteH ...

RALEIGH, N.C., June 4, 2024 /PRNewswire/ -- First Citizens BancShares Inc. (Nasdaq: FCNCA), parent company of First Citizens Bank, today was named for the first time to the Fortune 500™ list of the largest companies in the United States by revenue. First Citizens ranked #182 overall on the 2024 list, underscoring its status as one of the nation's premier banking and financial services institutions. In addition, the bank was listed at #24 on Fortune's 2024 list of fastestgrowing companies. "At First Citizens ...

Storm damage forced senior center to close, displacing clients who rely on critical services ST. PETERSBURG, Fla., June 4, 2024 /PRNewswire/ -- Duke Energy Florida, in collaboration with the Florida Council on Aging, today announced a $70,000 donation to the Jefferson Senior Citizens Center in Monticello, Fla. After severe storms blew through north Florida this spring, the facility sustained severe damage, displacing seniors who rely on its critical services. "During a heavy rain on April 10, water came fro ...

文章核心观点 - 公司拥有10年投资银行从业经验,专注于行业和公司研究,擅长解读各种新闻、事件、财报等,发现潜在的投资机会和风险[1] - 公司最新一季度财报表现出色,包括高CET1资本充足率、强劲的盈利能力和出色的存款增长[1] - 公司股价在过去一年内大涨40.11%,远超同行业指数[1] - 公司在2023年3月宣布收购硅谷银行(SVB)后,股价已经上涨205%[1] 公司概况 - 公司是一家总部位于北卡罗来纳州的中型区域银行,在30个州拥有约600家分行,主要分布在东南部、中大西洋地区、中西部和西部[2] - 公司由Holding家族第三代人管理,他们通过拥有16票权的FCNCA B类股份控股公司[2] - 公司具有多元化的贷款组合,包括科技行业,在东南部地区尤其是卡罗来纳州拥有不断增长的存款基础[2] 股东回报 - 公司历来更倾向于通过股票回购而非股息的方式回报股东,这导致其前瞻性股息收益率较低为0.37%[3] - 公司决定暂停股票回购直到2023年底,作为在整合SVB期间的谨慎措施[3] - 公司计划在2025年底前将调整后的CET1资本充足率降至10.5%,这意味着可以向投资者分配约190个基点的CET1资本[4][5] - 公司可以分配约29.6亿美元给投资者,仍能维持10.5%的CET1资本充足率[4] - 这相当于为普通股东带来11.6%的回报,预计可能带来12%的股价上涨[5] 业务表现 - 公司贷款和存款增长均显著优于同行[6][7] - 贷款增长主要来自一般和商业银行业务,SVB业务也实现了净贷款增长[7] - 存款增长主要来自分行网络的增长,抵消了SVB存款的下降[7] - 公司的存贷比目前较高,达到90.5%,高于中长期目标的中80%区间[8] - 公司的现金储备率略高于10%-15%的目标,可能会偿还部分次级债务[8] 资产质量 - 公司的净核销率从上季度的0.53%改善至0.31%,信贷质量保持良好[9][10] - 拨备计提从上季度的2.49亿美元下降至0.64亿美元,拨备覆盖率也有所下降[10] - 公司商业房地产贷款占比15.6%,办公楼贷款占2%,处于同行中等水平[11] 盈利能力 - 公司预计2024年净息差收入将达71-73亿美元,高于此前预期[12] - 拨备损失预计将成为利润的较小拖累,净核销率预计为35-50个基点[12] - 存款成本预计将在第二季度触顶,此后随利率下降而下降,公司存款组合将提供成本优势[13][14] - 公司的调整后非利息支出预计将从第二季度的12亿美元略有下降[15] - 公司的调整后效率比为50.29%,属于同行中较低水平[16] 估值 - 公司股价在过去14个月内已经上涨三倍,但估值指标仍相对较低[17] - 公司的市盈率为9.41,低于同行[17] - 公司的市净率为1.27,也低于同行[17] - 公司股价上涨的主要障碍是未能及时回馈股东,一旦这一障碍消除,股价有望进一步上涨[18][19] 风险 - 主要风险在于公司能否如期回馈股东,如果出现重大商业房地产违约或监管限制,都可能阻碍公司的股票回购计划[19] - 由于公司股息收益率较低,股价对任何潜在的回购计划都非常敏感[19] 总结 - 公司凭借其独特的科技行业敞口和区域银行基础,有望长期持续跑赢同行[20] - 预计2024年下半年利率下降将大幅缓解公司的存款成本压力,有利于区域银行整体[20] - 公司股价仍有12.5%的上涨空间,值得关注[20]