First Citizens BancShares has named Glenn McCoy its chief financial officer.

McCoy joined Raleigh-based First Citizens in December as an executive vice president of finance. Her served as CFO of RBC Bank from 2009 to 2012.

Pittsburgh-based PNC acquired RBC Bank from its corporate parent, Royal Bank of Canada, last March for $3.45 billion.

Before joining RBC, McCory spent 28 years at Wachovia, serving as CFO of various divisions.

McCoy is a graduate of Westminster College in Missouri and received an MBA from the University of Chicago.

McCoy replaces Ken Black, who retired March 31 after a 25-year career with First Citizens.

McCoy is CFO of both First Citizens BancShares and its subsidiary First Citizens. The bank has more than 400 offices in 17 states and the District of Columbia.

First Citizens Bancshares reported after the market closed today that its net come increased 1.5 percent in the fourth quarter.

The Raleigh-based parent of First Citizens Bank had net income of $30.1 million, or $2.97 per share. A year ago its net income totaled $29.6 million.

For the full year, the bank had net income of $195 million, or $18.80 per share, compared to $193 million, or $18.50 per share, in 2010.

The bank has boosted its results in recent quarters through the acquisition of six failed lenders that were taken over by the Federal Deposit Insurance Corp. The bank reported a $150.4 million gain on FDIC acquisitions in 2011.

First Citizens has 435 branches nationwide. The bank had $20.88 billion in assets as of Dec. 31.

The bank's stock closed today up $3.07 at $168.96. Shares are down 3 percent this year.

Profit took a big hit at First Citizens BancShares in the second quarter, as higher regulatory fees and the recession hurt business at the Raleigh-based bank.

Earnings dropped to $6.2 million, down 76 percent from the same quarter last year, the company reported this afternoon.

Losses on residential and other types of loans rose, while interest income declined. The company also paid more in fees to the Federal Deposit Insurance Corp., which is charging banks more to cover spreading bank failures.

Including 11 branches in California bought this month in an FDIC-brokered deal, First Citizens now has more than 400 branches. The company has total assets of $17.3 billion.

First Citizens shares rose $4.84 today to close at $140. The stock is down 8 percent this year.