First Citizens BancShares, Inc.

First Citizens BancShares, Inc. Earnings Recaps

FCNCA Financials 2 recaps
Q1 2026 Apr 23, 2026

First Citizens BancShares delivered solid Q1 results with adjusted EPS of $44.86, supported by strong deposit growth and disciplined expense management, despite the impact of lower interest rates.

Key takeaways
  • Adjusted net interest income declined by $101 million due to lower NIM (down 11 bps to 3.09%) amid rate cuts, but was partly offset by organic loan growth and lower funding costs.
  • Deposit growth accelerated by 5.7% sequentially, driven by client activity in tech, healthcare, and global fund banking, complemented by strategic use of broker deposits.
  • Loans increased marginally by 0.5% to $762 billion, with global fund banking reaching a record production of over $6 billion.
  • The bank returned $900 million via share repurchases and prepaid $2.5 billion on FDIC promissory notes, bolstering liquidity and capital strength.
  • Strategic initiatives include expanding payments, international banking, digital assets, and a planned brand unification in Q4, enhancing platform solutions without impacting client service quality.
Full recap
Q3 2025 Oct 25, 2025

First Citizens BancShares reported solid third-quarter results, highlighted by adjusted earnings per share of $44.62 and a robust 2.5% growth in loans, as the firm reinforces its strategic initiatives and expands its footprint.

Key takeaways
  • Adjusted net income reached $587 million, boosted by positive operating leverage, despite an $82 million charge-off related to a bankruptcy.
  • Deposits increased by $3.3 billion, marking the seventh consecutive quarter of growth, with significant inflows from SVB Commercial and General Bank segments.
  • Strong capital and liquidity positions were maintained, enabling a $900 million return to shareholders through share repurchases during the quarter.
  • Branch acquisition of 138 locations from BMO Bank enhances market presence and customer engagement capabilities.
  • The Company continues to focus on operational efficiencies and deepening client relationships while navigating a dynamic economic landscape.
Full recap