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]

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Core Viewpoint - First Citizens BancShares (FCNCA) reported strong quarterly earnings, exceeding expectations and showing growth compared to the previous year [1][2]. Financial Performance - The company reported earnings of $51.27 per share, surpassing the Zacks Consensus Estimate of $44.21 per share, and up from $45.1 per share a year ago, representing an earnings surprise of +15.96% [1]. - Revenues for the quarter ended December 2025 were $2.25 billion, exceeding the Zacks Consensus Estimate by 1.67%, but down from $2.41 billion year-over-year [2]. Stock Performance - First Citizens shares have increased approximately 2.7% since the beginning of the year, outperforming the S&P 500's gain of 1% [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $42.50 on revenues of $2.18 billion, and for the current fiscal year, it is $189.04 on revenues of $8.97 billion [7]. - The trend of earnings estimate revisions is mixed, which could change following the recent earnings report [6]. Industry Context - The Banks - Southeast industry is currently ranked in the top 28% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8].

Financial Performance - Net interest income for Q4 2025 was $1,722 million, a slight decrease from $1,734 million in Q3 2025 and $1,709 million in Q4 2024[1] - Net income available to common stockholders for Q4 2025 was $566 million, compared to $554 million in Q3 2025 and $685 million in Q4 2024[2] - Total noninterest income increased to $715 million in Q4 2025, up from $699 million in both Q3 2025 and Q4 2024[2] - Diluted earnings per common share (EPS) for Q4 2025 was $45.81, an increase from $43.08 in Q3 2025 but a decrease from $49.21 in Q4 2024[2] - Net income for the fourth quarter of 2025 was $648 million, a 10.4% increase from $587 million in the previous quarter[9] - Net income (GAAP) for Q4 2025 was $580 million, a slight increase from $568 million in Q3 2025, but down from $700 million in Q4 2024[18] - Adjusted net income (non-GAAP) for Q4 2025 was $648 million, compared to $587 million in Q3 2025 and $643 million in Q4 2024[18] Credit Losses and Provisions - Provision for credit losses decreased significantly to $54 million in Q4 2025 from $191 million in Q3 2025 and $155 million in Q4 2024[1] - The provision for credit losses for the year ended December 31, 2025, was $514 million, compared to $431 million in 2024, reflecting a 19.3% increase[9] - The provision for loan and lease losses for the quarter was $59 million, significantly lower than $214 million in the previous quarter and $158 million a year ago[14] - Loan PAA (provision for credit losses) decreased to $59 million from $71 million, showing a reduction of 16.9%[21] Expenses and Efficiency - Total noninterest expense rose to $1,572 million in Q4 2025, compared to $1,491 million in Q3 2025 and $1,517 million in Q4 2024[2] - The efficiency ratio for Q4 2025 was 64.53%, compared to 61.27% in Q3 2025 and 63.01% in Q4 2024[1] - The adjusted efficiency ratio (non-GAAP) improved to 60.79% from 56.78% in the previous quarter, indicating better cost management[21] Loans and Assets - Total loans and leases increased to $147,930 million at the end of Q4 2025, up from $144,758 million at the end of Q3 2025 and $140,221 million at the end of Q4 2024[1] - Total assets as of December 31, 2025, were $229,698 million, a decrease of 1.7% from $233,488 million on September 30, 2025[3] - Total loans and leases as of December 31, 2025, reached $147,930 million, up 2.0% from $144,758 million on September 30, 2025[9] - Total assets (GAAP) at the end of Q4 2025 were $229,698 million, down from $233,488 million at the end of Q3 2025[20] Capital and Equity - The total risk-based capital ratio at the end of Q4 2025 was 13.71%, down from 14.05% at the end of Q3 2025 and 15.04% at the end of Q4 2024[1] - Stockholders' equity increased to $22,238 million as of December 31, 2025, compared to $21,986 million on September 30, 2025, reflecting a growth of 1.1%[3] - Stockholders' equity at the end of December 31, 2025, was $22,197 million, slightly down from $22,291 million at September 30, 2025, and $22,598 million a year ago[15] Interest Income and Margin - Total interest-earning assets for the three months ended December 31, 2025, were $213,294 million, generating net interest income of $1,722 million, with a net interest margin of 3.20%[15] - Average interest-earning assets increased to $213,294 million from $211,042 million, marking a growth of 1.1%[21] - Interest income on loans was $2,290 million, slightly down from $2,300 million in the prior quarter, reflecting a decrease of 0.4%[21] - Net interest margin (NIM) (GAAP) decreased to 3.20% from 3.26% in the previous quarter, indicating a decline in profitability on interest-earning assets[21] Nonaccrual Loans - Nonaccrual loans to total loans and leases improved to 0.88% in Q4 2025 from 0.97% in Q3 2025 and 0.84% in Q4 2024[1] - Nonaccrual loans at period end decreased to $1,307 million, resulting in a nonaccrual loan ratio of 0.88%, down from 0.97% in the previous quarter and up from 0.84% a year ago[14] - Net charge-offs for the three months ended December 31, 2025, were $143 million, with a net charge-off ratio of 0.39%, compared to 0.65% in the previous quarter and 0.46% a year ago[14]

Core Viewpoint - First Citizens BancShares, Inc. reported solid financial performance for Q4 2025, with stable credit quality and strong loan growth, particularly in Global Fund Banking, while returning significant capital to shareholders through share repurchases and debt prepayment [2][5][6]. Financial Highlights - Net income for Q4 2025 was $580 million, up from $568 million in Q3 2025, with net income available to common stockholders increasing to $566 million or $45.81 per share, compared to $554 million or $43.08 per share in the previous quarter [5]. - Adjusted net income for the current quarter was $648 million, an increase from $587 million in the linked quarter, with adjusted net income available to common stockholders at $634 million or $51.27 per share, up from $573 million or $44.62 per share [6]. Loan and Deposit Growth - Loans and leases reached $147.93 billion at December 31, 2025, reflecting a $3.17 billion increase or 2.2% from $144.76 billion at September 30, 2025, driven by a $3.44 billion growth in the Commercial Bank segment [10]. - Deposits totaled $161.58 billion at December 31, 2025, a decrease of $1.61 billion or 1.0% since September 30, 2025, primarily due to a decline in Commercial Bank segment deposits [10]. Interest Income and Margin - Net interest income was $1.72 billion for the current quarter, a decrease of $12 million from the linked quarter, with net interest margin (NIM) at 3.20%, down from 3.26% in the previous quarter [8][11]. Noninterest Income and Expense - Noninterest income increased to $715 million from $699 million in the linked quarter, while noninterest expense rose to $1.57 billion from $1.49 billion, reflecting higher personnel and equipment costs [11]. Credit Quality - Provision for credit losses was $54 million for the current quarter, significantly lower than $191 million in the linked quarter, with net charge-offs decreasing to $143 million (0.39% of average loans) from $234 million (0.65% of average loans) [12][13]. Capital and Liquidity - Capital ratios remained strong, with total risk-based capital at 13.71% and Tier 1 risk-based capital at 11.91% as of December 31, 2025 [13]. - The liquidity position was robust, with liquid assets totaling $56.01 billion, down from $61.92 billion at September 30, 2025 [13]. Acquisition Activity - First Citizens Bank announced an agreement to acquire 138 branches from BMO Bank, expecting to assume approximately $5.7 billion in deposits and acquire about $1.1 billion in loans, with the transaction anticipated to close in the second half of 2026 [3].

First Citizens BancShares, Inc. (NASDAQ:FCNCA) will release earnings results for the fourth quarter, before the opening bell on Friday, Jan. 23.Analysts expect the Jacksonville, Florida-based company to report quarterly earnings at $43.91 per share, down from $45.1 per share in the year-ago period. The consensus estimate for First Citizens BancShares' quarterly revenue is $2.29 billion, versus $2.23 billion a year earlier, according to data from Benzinga Pro.On Jan. 14, First Citizens BancShares disclosed t ...

Earnings Results - First Citizens BancShares, Inc. is set to release its fourth-quarter earnings results on January 23, with analysts expecting earnings of $43.91 per share, a decrease from $45.1 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $2.29 billion, compared to $2.23 billion a year earlier [1] Management Changes - Lorie K. Rupp, the executive vice president and chief risk officer, intends to retire [2] Stock Performance - First Citizens BancShares shares increased by 1% to close at $2,203.53 [2] Analyst Ratings - Barclays analyst Jason Goldberg maintained an Equal-Weight rating and raised the price target from $2,190 to $2,456 [3] - Citigroup analyst Benjamin Gerlinger maintained a Neutral rating and raised the price target from $2,000 to $2,250 [3] - Truist Securities analyst Brian Foran maintained a Hold rating and raised the price target from $2,000 to $2,050 [3] - Keefe, Bruyette & Woods analyst Christopher Mcgratty maintained an Outperform rating but lowered the price target from $2,100 to $2,050 [3] - Piper Sandler analyst Stephen Scouten maintained a Neutral rating and cut the price target from $2,150 to $2,000 [3]

Core Viewpoint - First Citizens BancShares, Inc. (NASDAQ:FCNCA) is experiencing a positive trend in analyst price targets, reflecting growing optimism about its future performance [2][5]. Group 1: Price Target Trends - The consensus price target for FCNCA has increased from $2,240.67 last year to $2,418.67 last month, marking a rise of approximately 7.95% [2][5]. - The average price target was $2,301.20 last quarter, indicating a consistent upward trajectory over the past year [2]. Group 2: Analyst Sentiment - Analysts are optimistic about FCNCA's ability to exceed earnings estimates in its upcoming fourth-quarter report, contributing to the positive sentiment [3][5]. - The strong track record of the company in surpassing earnings expectations may be influencing this optimism [3]. Group 3: Factors Influencing Price Target Increase - Investors are advised to consider various factors that have contributed to the increase in the consensus price target, including the company's strategic initiatives and overall financial performance [4][5]. - Understanding these key expectations is essential for making informed investment decisions regarding FCNCA [4].

Core Viewpoint - First Citizens BancShares (FCNCA) is expected to report earnings on January 23, 2026, with analysts predicting an EPS of $44.21 and revenue of approximately $2.23 billion, despite a year-over-year decline in earnings due to lower revenues [1][2][6] Financial Performance - FCNCA has a strong history of exceeding earnings expectations, with an average surprise of 11.04% over the past two quarters [3] - In the most recent quarter, FCNCA reported earnings of $44.62 per share, surpassing the Zacks Consensus Estimate of $41.51 per share, resulting in a 7.49% surprise [3] Market Valuation - The company has a price-to-earnings (P/E) ratio of approximately 12.06, a price-to-sales ratio of about 1.92, an enterprise value to sales ratio of around 2.84, and an enterprise value to operating cash flow ratio of approximately 13.80 [4][6] Financial Leverage and Liquidity - FCNCA's debt-to-equity ratio is approximately 1.77, indicating its financial leverage [5][6] - The current ratio is around 0.28, which may suggest potential liquidity concerns [5]

Core Viewpoint - The market anticipates a year-over-year decline in earnings for First Citizens BancShares (FCNCA) due to lower revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - First Citizens is expected to report quarterly earnings of $44.21 per share, reflecting a -2% change year-over-year, with revenues projected at $2.21 billion, down 8% from the previous year [3]. - The consensus EPS estimate has been revised 0.36% lower in the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +0.07% for First Citizens, suggesting analysts have recently become more optimistic about the company's earnings prospects [12]. - The stock holds a Zacks Rank of 3, indicating a hold position, which suggests a likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, First Citizens exceeded the expected earnings of $41.51 per share by delivering $44.62, resulting in a surprise of +7.49% [13]. - Over the past four quarters, the company has consistently beaten consensus EPS estimates [14]. Industry Context - In the Zacks Banks - Southeast industry, Amerant Bancorp Inc. is expected to report earnings of $0.43 per share, indicating a -14% year-over-year change, with revenues projected at $106.51 million, down 4.3% [18]. - The consensus EPS estimate for Amerant Bancorp has been revised 6.8% lower in the last 30 days, with an Earnings ESP of 0.00%, making it challenging to predict a beat on the consensus EPS estimate [19].