First Citizens Bank Equipment Finance announced a new vendor finance agreement with Dynapac North America, a global manufacturer of road‑construction and compaction equipment. The partnership will provide Dynapac’s dealer network and distributors with leasing and lending solutions to purchase or lease road‑paving equipment, enabling faster, safer, and more cost‑effective construction, maintenance and repair operations.
The agreement expands First Citizens’ equipment‑finance portfolio into the high‑growth road‑construction and compaction market, a sector that has seen increased demand driven by federal and state infrastructure spending. By offering tailored retail and rental financing—such as multi‑year lease terms and purchase‑with‑option structures—First Citizens can capture a share of the equipment‑financing market and deepen relationships with Dynapac’s dealer base.
First Citizens’ recent financial performance underscores the strategic fit of the deal. In Q3 2025 the bank reported net income of $568 million and revenue of $3.7 billion, with loans and leases totaling $140.22 billion and deposits of $155.23 billion. The vendor finance agreement is expected to generate incremental revenue and interest income, reinforcing the bank’s focus on commercial and specialized lending and positioning it to benefit from continued investment in road and infrastructure projects across the United States.
Dynapac North America is a subsidiary of the Fayat Group, a French construction and industrial company. The partnership aligns with First Citizens’ broader strategy to expand its equipment‑finance capabilities into specialized and high‑growth markets, following similar vendor finance agreements with Merlo America and the joint venture with Sixth Street, “Sixty‑First Commercial Finance.”
The road‑construction and compaction market is experiencing sustained growth, supported by infrastructure spending that is projected to continue. The new agreement allows First Citizens to further penetrate this market and deepen relationships with dealers and distributors, while Dynapac gains access to a robust financing platform for its equipment sales.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.