Group 1 - First Citizens Bank has appointed Robert Horne as Director of Middle Market Banking for Florida, aiming to enhance its presence in the state's middle market banking sector [1] - Horne brings over 10 years of experience in commercial banking and equipment finance, which will be crucial for the bank's growth strategy in Florida [1] - The middle market banking practice of First Citizens focuses on clients with revenues exceeding $75 million, providing a comprehensive suite of product solutions [2] Group 2 - First Citizens Bank is headquartered in Raleigh, N.C., and is recognized as a top 20 U.S. financial institution with over $200 billion in assets [3] - The bank offers a wide range of services including personal, business, commercial, and wealth management, emphasizing long-term financial strength [3]

Core Viewpoint - The Schall Law Firm is investigating First Citizens BancShares, Inc. for potential violations of securities laws related to misleading statements and undisclosed information affecting investors [1][2]. Financial Performance - First Citizens reported its Q4 2025 financial results on January 23, 2026, with an efficiency ratio of 64.5%, which was below analyst expectations [2]. - The company provided a weaker outlook for the upcoming year, indicating deteriorating revenues and net interest income projections that did not meet market expectations [2]. - Following the release of these results, shares of First Citizens fell by nearly 8.5% on the same day [2].

Core Viewpoint - First Citizens BancShares Inc reported strong fourth-quarter earnings, exceeding analyst expectations in both earnings per share and sales figures [1][2]. Financial Performance - The company posted quarterly earnings of $51.27 per share, surpassing the analyst consensus estimate of $43.91 per share [1]. - Quarterly sales reached $2.435 billion, exceeding the analyst consensus estimate of $2.289 billion [1]. Management Commentary - Chairman and CEO Frank B. Holding, Jr. highlighted solid return metrics, stable credit quality, and strong loan growth, particularly in Global Fund Banking [2]. - The company returned an additional $900 million to stockholders through share repurchases and prepaid $2.5 billion of the Purchase Money Note [2]. - The management expressed optimism about prospects for 2026 [2]. Stock Performance - Following the earnings announcement, First Citizens BancShares shares rose 0.1% to trade at $2,017.12 [2]. Analyst Ratings and Price Targets - Barclays analyst Jason Goldberg maintained an Equal-Weight rating and lowered the price target from $2,456 to $2,346 [4]. - Citigroup analyst Benjamin Gerlinger maintained a Neutral rating and cut the price target from $2,250 to $2,100 [4]. - TD Cowen analyst Steven Alexopoulos maintained a Buy rating and reduced the price target from $2,600 to $2,500 [4].

Core Viewpoint - First Citizens BancShares Inc reported strong fourth-quarter earnings, exceeding analyst expectations in both earnings per share and sales figures [1][2]. Financial Performance - The company posted quarterly earnings of $51.27 per share, surpassing the analyst consensus estimate of $43.91 per share [1]. - Quarterly sales reached $2.435 billion, exceeding the analyst consensus estimate of $2.289 billion [1]. Management Commentary - Chairman and CEO Frank B. Holding, Jr. highlighted solid return metrics, stable credit quality, and strong loan growth, particularly in Global Fund Banking [2]. - The company returned an additional $900 million to stockholders through share repurchases and prepaid $2.5 billion of the Purchase Money Note [2]. - The management expressed optimism about prospects for 2026 [2]. Analyst Reactions - Barclays analyst Jason Goldberg maintained an Equal-Weight rating and lowered the price target from $2,456 to $2,346 [4]. - Citigroup analyst Benjamin Gerlinger maintained a Neutral rating and cut the price target from $2,250 to $2,100 [4]. - TD Cowen analyst Steven Alexopoulos maintained a Buy rating but reduced the price target from $2,600 to $2,500 [4].

Core Insights - The year 2026 is anticipated to be significant for individual bank companies and their stock performance due to uncertainty regarding future interest rate movements and economic direction [1] Group 1 - The lack of clarity on future rate moves may lead to varied performance among banks [1]

Core Viewpoint - Shares of First Citizens BancShares, Inc. (FCNCA) have underperformed over the past year, declining by 9% amid volatility due to investor concerns over potential private credit losses linked to its Silicon Valley Bank unit [1] Company Performance - The stock has experienced significant volatility, primarily driven by fears regarding credit losses [1] Investment Strategy - The article suggests a contrarian investment approach, emphasizing the potential for outsized returns based on macro views and stock-specific turnaround stories [1]

Core Viewpoint - Shares of First Citizens BancShares, Inc. (FCNCA) have underperformed over the past year, declining by 9% [1] Company Performance - The stock has experienced volatility due to investor concerns regarding potential private credit losses associated with its Silicon Valley Bank unit [1]

Core Viewpoint - First Citizens BancShares projected full-year interest income below Wall Street expectations, leading to a decline in shares by more than 9% [1] Company Summary - First Citizens BancShares is a regional lender that has recently adjusted its interest income projections for the full year, indicating a performance that does not meet market expectations [1]

Core Viewpoint - First Citizens BancShares, Inc. (FCNCA) has demonstrated strong financial performance in Q4 2025, exceeding earnings and revenue expectations, driven by significant loan growth and a commitment to shareholder value [2][3][6] Financial Performance - FCNCA reported earnings per share of $51.27 and revenue of approximately $2.44 billion for Q4 2025, surpassing estimated earnings per share of $44.21 and revenue of $2.23 billion [2][6] - The company's robust financial performance is attributed to solid loan growth, particularly in Global Fund Banking [3][6] Shareholder Value - FCNCA returned an additional $900 million to stockholders through share repurchases and prepaid $2.5 billion of the Purchase Money Note, reflecting its dedication to enhancing shareholder value [3][6] Financial Metrics - The company has a price-to-earnings (P/E) ratio of approximately 12.17 and a price-to-sales ratio of about 1.94, indicating its market valuation relative to earnings and sales [4][6] - An enterprise value to sales ratio of around 2.86 further underscores the company's total valuation in comparison to its sales [4] Capital and Liquidity - Despite a current ratio suggesting potential liquidity challenges, FCNCA maintains strong capital and liquidity positions [5] - The company's debt-to-equity ratio of approximately 1.77 indicates a balanced approach to financing its assets [5] - An earnings yield of about 8.22% reflects the earnings generated per dollar invested, showcasing FCNCA's capability to deliver substantial value to its investors [5]

Core Insights - First Citizens BancShares (FCNCA) reported a revenue of $2.25 billion for the quarter ended December 2025, reflecting a decrease of 6.5% year-over-year, while EPS increased to $51.27 from $45.10 in the previous year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $2.21 billion, resulting in a positive surprise of +1.67%, and the EPS also surpassed the consensus estimate of $44.21 by +15.96% [1] Financial Performance Metrics - Efficiency Ratio stood at 64.5%, higher than the average estimate of 59.3% based on five analysts [4] - Net Interest Margin was reported at 3.2%, matching the average estimate from five analysts [4] - Net charge-off ratio was 0.4%, consistent with the average estimate from four analysts [4] - Book value per share was $1,718.71, slightly above the average estimate of $1,709.37 from four analysts [4] - Nonaccrual loans at period end totaled $1.31 billion, lower than the average estimate of $1.43 billion from three analysts [4] - Average Balance of Total interest-earning assets was $213.29 billion, slightly below the average estimate of $213.55 billion from three analysts [4] - Net Interest Income reached $1.72 billion, exceeding the average estimate of $1.71 billion from five analysts [4] - Total Noninterest Income was reported at $715 million, significantly higher than the average estimate of $531.54 million from five analysts [4] - Factoring commissions amounted to $20 million, above the average estimate of $18.03 million from three analysts [4] - Cardholder services, net, were $37 million, slightly below the average estimate of $39.86 million from three analysts [4] - Deposit fees and service charges totaled $63 million, exceeding the average estimate of $60.7 million from three analysts [4] - Merchant services, net, were reported at $13 million, above the average estimate of $12.04 million from three analysts [4] Stock Performance - Shares of First Citizens have returned +0.9% over the past month, outperforming the Zacks S&P 500 composite's +0.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]