First Citizens Bank Surges 3.17% on $63.2M Texas Healthcare Deal Drives 51.14% Volume Jump to 269th Market Rank

On August 18, 2025, First Citizens Bank (FCNCA) saw a 3.17% rise in its stock price, with a trading volume of $0.34 billion—a 51.14% increase from the previous day—ranking it 269th in market activity. This surge followed its announcement as joint lead arranger on a $63.2 million financing facility to support IRA Capital’s acquisition of three healthcare properties in Texas. The portfolio includes Houston Physicians’ Hospital and two outpatient therapy centers, leased to a joint venture involving major healthcare providers like Memorial Hermann Health System.

The transaction highlights First Citizens’ focus on healthcare real estate, with Steve Reedy, head of Medical Office Banking, emphasizing alignment with long-term value creation in the sector. William Douglass, group head of Healthcare Finance, noted the bank’s commitment to supporting specialized facilities in high-demand regions like Houston. The deal underscores the firm’s expertise in middle-market healthcare financing, leveraging its nationwide network and industry-centric approach.

IRA Capital, a Southern California-based firm with a $4 billion healthcare real estate portfolio, added these assets to its holdings. Amer Kasm, co-founder of IRA Capital, highlighted the strategic significance of the acquisition, anchored by Houston’s largest health system. The partnership reflects First Citizens’ role in facilitating efficient capital deployment for healthcare infrastructure, a sector poised to benefit from evolving patient-centered care models.

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