Core Viewpoint - First Citizens BancShares (FCNCA) is expected to report a quarterly earnings per share (EPS) of $39.08, reflecting a year-over-year decline of 23.2%, with revenues projected at $2.22 billion, a decrease of 9.6% compared to the previous year [1]. Earnings Projections - Analysts have revised the consensus EPS estimate upward by 1.4% over the past 30 days, indicating a collective reassessment of initial projections [2]. - It is crucial to consider earnings estimate revisions as they are strongly linked to short-term stock price performance [3]. Key Financial Metrics - The forecast for 'Net Interest Margin' is 3.2%, down from 3.6% in the same quarter last year [5]. - The 'Efficiency Ratio' is estimated at 59.9%, compared to 56.4% a year ago [5]. - Analysts predict 'Average Balance - Total interest-earning assets' to be $209.62 billion, up from $200.71 billion in the same quarter last year [5]. Loan and Asset Projections - 'Nonaccrual loans at period end' are expected to be $1.23 billion, up from $1.14 billion a year ago [6]. - 'Total nonperforming assets' are projected to reach $1.27 billion, compared to $1.21 billion last year [6]. - 'Net Interest Income' is anticipated to be $1.69 billion, down from $1.82 billion in the previous year [6]. Noninterest Income Estimates - 'Total Noninterest Income' is expected to be $545.54 million, down from $639.00 million a year ago [7]. - 'Factoring commissions' are projected at $17.80 million, compared to $19.00 million last year [7]. - 'Cardholder services, net' is expected to be $41.92 million, slightly up from $40.00 million a year ago [7]. Additional Income Projections - 'Merchant services, net' is estimated at $14.18 million, up from $12.00 million last year [8]. - 'Wealth management services' are projected to reach $56.28 million, compared to $52.00 million in the same quarter last year [8]. - 'Insurance commissions' are expected to be $14.00 million, compared to $13.00 million a year ago [9]. Stock Performance - Over the past month, First Citizens shares have returned +11.9%, outperforming the Zacks S&P 500 composite's +5.9% change [9].

Group 1 - First Citizens Bank has appointed Israel Gibbs as Area Executive for the North Florida market to enhance its banking operations in the state [1][2] - Gibbs brings over two decades of experience in commercial and retail banking, having previously served as Area Executive in Dallas and held leadership roles in Southeast Florida [2] - The bank has been operating in Florida for over 20 years, currently employing more than 1,000 associates and maintaining 26 branch locations [3] 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 [4] - The bank offers a wide range of services including personal, business, commercial, and wealth management, emphasizing long-term financial strength [4]

Company Overview - First Citizens BancShares (FCNCA) is expected to report a year-over-year decline in earnings, with a projected EPS of $39.08, reflecting a decrease of 23.2% [3] - Revenues are anticipated to be $2.22 billion, down 9.6% from the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for July 25, and the stock may rise if results exceed expectations, while a miss could lead to a decline [2] - The consensus EPS estimate has been revised 1.36% higher in the last 30 days, indicating a slight bullish sentiment among analysts [4] Earnings Surprise Prediction - The Most Accurate Estimate for First Citizens is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.90%, suggesting a likely earnings beat [12] - The stock currently holds a Zacks Rank of 3, indicating a neutral outlook [12] Historical Performance - In the last reported quarter, First Citizens had an EPS expectation of $37.72 but delivered $37.79, resulting in a surprise of +0.19% [13] - Over the past four quarters, the company has beaten consensus EPS estimates three times [14] Industry Context - In the Zacks Banks - Southeast industry, Customers Bancorp (CUBI) is expected to post earnings of $1.5 per share, reflecting a year-over-year change of +0.7% [18] - Customers Bancorp's revenue is projected to be $198.92 million, up 0.1% from the previous year [18] - Despite a recent downward revision of 0.9% in the EPS estimate for Customers Bancorp, it holds a Zacks Rank of 1 (Strong Buy) [19]

Group 1 - First Citizens BancShares (FCNCA) has a strong track record of beating earnings estimates, particularly in the last two quarters with an average surprise of 7.24% [1][2] - For the last reported quarter, First Citizens achieved earnings of $37.79 per share, slightly above the Zacks Consensus Estimate of $37.72, resulting in a surprise of 0.19% [2] - In the previous quarter, the company exceeded expectations significantly, reporting earnings of $45.1 per share against an estimate of $39.46, delivering a surprise of 14.29% [2] Group 2 - Recent changes in earnings estimates for First Citizens have been favorable, with a positive Earnings ESP (Expected Surprise Prediction) indicating potential for another earnings beat [5][8] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests that stocks like First Citizens have a nearly 70% chance of producing a positive surprise [6][8] - First Citizens currently has an Earnings ESP of +1.90%, reflecting recent bullish sentiment from analysts regarding the company's earnings prospects [8]

Core Viewpoint - First Citizens BancShares, Inc. will report its financial results for the quarter ended June 30, 2025, on July 25, 2025, before U.S. financial markets open [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call and webcast at 9 a.m. Eastern time on the same day [1] - The conference call and webcast may include forward-looking statements and other material information [1] Group 2: Pre-registration and Access Information - Investors can pre-register for the call via webcast at the provided link, and a confirmation email will be sent with details [2] - Telephone access is available for North America and other locations with specific dialing instructions and access code [2] - An investor presentation and the link to the webcast will be available on the company's website prior to the call [2] Group 3: Company Overview - First Citizens BancShares, Inc. is a top 20 U.S. financial institution with over $200 billion in assets and is a member of the Fortune 500 [3] - The company serves as the financial holding company for First-Citizens Bank & Trust Company, offering a range of banking services nationwide [3] - The bank has a legacy of strength, stability, and long-term thinking, providing commercial banking expertise and personalized wealth management services [3]

Core Insights - Diane Morais has been appointed to the board of directors of First Citizens BancShares, Inc. and its subsidiary, First-Citizens Bank & Trust Company, effective July 1, 2025 [1] Group 1: Diane Morais' Background and Experience - Morais has over 30 years of experience in the financial services sector, most recently serving as President of Consumer and Commercial Banking at Ally Bank from 2017 until her retirement in 2024 [2] - At Ally, she was instrumental in the creation and launch of the Ally brand in 2009 and oversaw various banking divisions including deposits, online brokerage, mortgage, and credit card businesses [2] - Prior to her tenure at Ally, Morais spent 12 years at Bank of America in senior roles and nine years at Citibank in the credit card division [3] Group 2: Contributions to First Citizens BancShares - Frank B. Holding, Jr., chairman and CEO of First Citizens, expressed confidence in Morais' customer-centric vision and leadership style, which aligns with the company's long-term focus [3] - Morais will serve on the Joint Risk Committee and Joint Technology Committee of First Citizens BancShares and First Citizens Bank [5] Group 3: Community Involvement and Recognition - Morais is actively involved in the Charlotte community, serving on the boards of several organizations and volunteering for various charities [4][5] - She has been recognized as one of American Banker Magazine's 25 Most Powerful Women in Banking for nine consecutive years through 2023 and received the 2024 Lifetime Achievement Award from the Charlotte Business Journal [4]

Group 1 - Merlo America LLC and First Citizens Bank Equipment Finance have announced a new vendor finance agreement to provide leasing and lending solutions for Merlo customers to acquire new construction and agricultural equipment [1] - Merlo America is the North American subsidiary of Italy-based Merlo S.p.A, which is a leading producer of multi-use telehandlers and machinery for various applications including agriculture and construction [2][5] - The collaboration aims to empower clients by offering outstanding financing options that facilitate the acquisition of essential equipment for business operations and growth [3] Group 2 - First Citizens Bank Equipment Finance is focused on providing equipment financing solutions to original equipment manufacturers, vendors, and small to mid-size businesses through a unique sales coverage model and seasoned support staff [4][6] - First Citizens Bank is a top 20 U.S. financial institution with over $200 billion in assets, offering a wide range of banking services including commercial banking and innovation banking [6]

Core Insights - Silicon Valley Bank (SVB) and Setpoint have provided a $200 million warehouse facility to UpEquity, which is expected to support $1 billion in originations over the next two years [1][2] - UpEquity has experienced significant growth, with its revenue tripling annually since launching its 'buy before you sell' solutions in October 2023 [2][3] - The partnership aims to enhance UpEquity's ability to assist customers in transitioning between homes more smoothly, addressing the challenges of simultaneous buying and selling [3] Company Overview - UpEquity offers innovative solutions for homebuyers, including the Trade Up Program and Equity Advance program, which enhance negotiating leverage and provide access to home equity for down payments [5] - SVB specializes in providing banking services to innovative companies across various sectors, including technology and healthcare, and has over $200 billion in assets [4] - Setpoint Capital focuses on asset-backed private credit opportunities and integrates financial expertise with operational excellence to create efficient capital solutions [6]

Core Insights - Venture Capital investment in frontier technology has increased by 47% year-over-year, driven by AI demand, defense innovations, and industrial automation growth [1][2] - Despite supply chain challenges and economic uncertainty, the frontier tech sector is experiencing significant growth, with strong VC enthusiasm for fundraising [2] Investment Trends - VC fundraising in hardware has reached a 10-year high, with one-third of fundraising dollars allocated to hardware-focused VC funds, up from 20% in 2021 [4] - Total VC investment in defense and aerospace surpassed $4 billion in 2024 and is projected to reach $12 billion by the end of 2025 [4] - Investment in AI and robotics is increasing, with VCs focusing on AI compute and hardware as generative AI adoption rises [4] Defense Sector Insights - Annual VC investment in defense technology has exceeded the budget for the Defense Advanced Research Projects Agency (DARPA) since 2019, indicating a shift in funding for defense innovation [4] - More than 50% of frontier tech unicorns have raised funding in the last two years, highlighting the sector's robust fundraising environment [4]

Commission File Number: 001-16715 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ FORM 10-Q ____________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 Delaware 56-1528994 First Citizens BancShares, Inc. (Exact n ...