How First Citizens Became the Top Performing Big Bank

Since 2021, First Citizens Bank, based in Raleigh, NC, has seen remarkable growth, expanding its assets to $220 billion. This growth has been driven by strategic acquisitions, including the high-profile purchase of the failed Silicon Valley Bank, which extended its footprint nationwide and diversified business lines. The deal came just over a year after First Citizens had already doubled in size with its acquisition of CIT Group.

Over the past three years, First Citizens’ stock price has soared by an impressive 142%, outpacing any other publicly listed bank.

See the rest of the Top Performing big banks on American Banker.