Applications / Mortgage Analytics / Lenders / North Carolina / First Citizens Bank
Raleigh, NC · State non-member bank · FDIC · $229 billion assets · 14,381 loans in 2025
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14,381
loans originated, 2025
21,831
applications, 2025
42
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Citizens Bank lost share at home in 2025, falling from 3.5% to 2.8% in Raleigh and from 3.5% to 2.5% in Charleston, while its originations fell 5% in a market that grew 10%.
Besides Raleigh and Charleston, its Charlotte share fell from 1.8% to 1.4%. Similar lenders, state non-member banks making between a quarter and four times as many loans, grew 11%; its change was lower than more than four in five of them. Fewer loans overall and competition from lenders such as United Wholesale Mortgage, which leads Raleigh and Charlotte, could explain the slide.
Originations fell from 20,176 five years before to 14,381, yet lending rose from $4.37 billion to $5.03 billion. Its typical loan grew from $135,000 to $195,000, and jumbo loans (larger than the conforming limit) were 13.0%, against 2.5% for similar lenders, the highest among them.
Its typical rate rose from 5.99% to 6.35%, still lower than about four in five similar lenders, and higher-priced loans (a rate well above the average for similar loans) rose from 0.4% to 0.8%, against 2.5%. Its home improvement and refinance lending could account for part of the change.
It bought 1,107 loans, against 140 a year earlier and none five years before. Low- and moderate-income (LMI) borrowers took 19.0% of its loans, up from 13.4% but among the lowest tenth of similar lenders, whose typical share was 28.8%; its larger loans may account for part of that.
Questions the data can answer next
Similar lenders: same lender type, originations between a quarter and four times the lender's. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First Citizens Bank took 21,831 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 36.8% · Refinance 23.2% · Home improvement 22.9% · Other 17.1%
Conventional 97.3% · FHA 2.1% · VA 0.4% · USDA (RHS or FSA) 0.1% · of 14,381 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| North Carolina | 6,984 | 48.6% |
| South Carolina | 3,577 | 24.9% |
| California | 1,383 | 9.6% |
| Virginia | 664 | 4.6% |
| Georgia | 442 | 3.1% |
| Florida | 266 | 1.8% |
| Massachusetts | 197 | 1.4% |
| Tennessee | 106 | 0.7% |
| Arizona | 95 | 0.7% |
| Texas | 92 | 0.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Raleigh-Cary | 1,462 |
| Charlotte-Concord-Gastonia | 1,437 |
| Columbia | 833 |
| Charleston-North Charleston | 738 |
| Wilmington | 648 |
| Greenville-Anderson-Greer | 502 |
| Los Angeles-Long Beach-Glendale | 460 |
| Durham-Chapel Hill | 433 |
| Asheville | 432 |
| Hickory-Lenoir-Morganton | 317 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | L9VVX1KT5TFTKS0MLF66 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 491224 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 311063 | 1990–2010 |
| Respondent ID (the HMDA filer code before 2018) | 9491224 | 2011–2017 |
Established 1 January 1898. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: First Citizens Bank's data.
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