First Citizens in N.C. Boosts Mortgage Income, Cuts Foreclosure Costs

Todd, Sarah
August 2013
American Banker;8/ 8/2013, Vol. 178 Issue 122, p25
Trade Publication
The article looks at the financial performance of First Citizens Bancshares, a lender in Raleigh, North Carolina that reported second-quarter 2013 earnings of $43.9 million. The article notes the company's higher mortgage income and lower foreclosure costs contributed to the gain in profits. The noninterest income, loan loss provision, and net interest income are noted as well as the noninterest expenses and chargeoffs.


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