First Citizens BancShares (First Citizens BancShares) Mortgage Backed Securities (USD Mil) : 0.00 (As of . 20)

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What is First Citizens BancShares Mortgage Backed Securities (USD Mil)?

Mortgage Backed Securities (USD Mil) is a type of investment similar to a bond that is made up of mortgage loans bought from the banks that issued them. It is a type of asset-backed security secured by a mortgage or collection of mortgages.

The historical rank and industry rank for First Citizens BancShares's Mortgage Backed Securities (USD Mil) or its related term are showing as below:

First Citizens BancShares Mortgage Backed Securities (USD Mil) Historical Data

The historical data trend for First Citizens BancShares's Mortgage Backed Securities (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
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First Citizens BancShares Mortgage Backed Securities (USD Mil) Chart

First Citizens BancShares (OTCPK:FCNCB) Mortgage Backed Securities (USD Mil) Explanation

Mortgage Backed Securities (USD Mil) is a type of asset-backed security secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. Investors are essentially lending money to home buyers, while the bank becomes an intermediary between the home buyer and the investors.

First Citizens BancShares Mortgage Backed Securities (USD Mil) Related Terms

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First Citizens BancShares (First Citizens BancShares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Citizens BancShares Inc (OTCPK:FCNCB) » Definitions » Mortgage Backed Securities (USD Mil)

Comparable Companies

Traded in Other Exchanges

FCNCO.PFD:USA FCNCP.PFD:USA FCNCA:USA

Address

4300 Six Forks Road, Raleigh, NC, USA, 27609

Website

https://www.firstcitizens.com

First Citizens BancShares Inc is the bank holding company of First Citizens Bank & Trust Company. FCB was founded as the Bank of Smithfield in North Carolina and has expanded through both de novo branching and acquisitions. FCB currently operates in nearly half of the continental United States, but principally takes deposits in the Carolinas. The bank's operations have historically been influenced by the Holding family, which has traditionally held executive and director positions, as well as controlling a large percentage of its outstanding stock. FCB provides a wide range of retail and commercial banking services, including traditional lending and deposit-taking, as well as trust and wealth management. FCB's main source of revenue is net interest income.