Operator
Ladies and gentlemen, thank you for standing by, and welcome to the First Citizens BancShares Q4 Earnings Conference Call. [Operator Instructions]. As a reminder, today s conference is being recorded.
I would now like to introduce host of this conference call, Mr. Tom Heath, Director of Investor Relations. You may begin.
Thomas Heath
Director of Investor Relations
Thank you, Angie. Good morning and thank you so much for joining us. It is my pleasure to introduce our Chairman and Chief Executive Officer, Frank Holding, as well as our Chief Financial Officer, Craig Nix, who will provide an overview of our results, after which, we will be happy to take any questions you may have. We are also pleased to have several other members of the team with us as well, including our Chief Risk Officer, Lorie Rupp; our Chief Credit Officer, Jim Bryan; our Treasurer, Tom Eklund; our Chief Accounting Officer, Robert Holly; our Head of Analysis and M&A, Elliot Howard; and lastly, Bryan
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Broadway Financial Corporation (NASDAQ: BYFC)
concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with CFBanc Corporation. Under the terms of the merger agreement, CFBanc common shareholders will receive 13.626 shares of Broadway Financial common stock for each share of CFBanc common stock they own.
If you are a Broadway shareholder,
.
CIT Group Inc. (NYSE: CIT) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to First Citizens BancShares, Inc. Under the terms of the merger agreement, CIT shareholders will receive 0.0620 shares of First Citizens class A common stock for each share of CIT common stock they own.
(Repeats column originally published on Jan. 15, no changes)
NEW YORK, Jan 15 (Reuters) - A blistering rally in the shares of regional banks may be tested when a spate of lenders report results in the coming week. Regional banks in the S&P 500 have surged 11% since the beginning of the year, beating out the gains in larger, more diversified banks by about a percentage point over the same period. Both regional and diversified banks are running well ahead of the benchmark S&P 500, buoyed by a rise in Treasury yields to their highest levels since the pandemic began on expectations that additional fiscal stimulus will spur economic growth.