Financial Performance - 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] - Net income for the fourth quarter of 2025 was $648 million, an increase of 10.4% 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 a decrease 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] - Annualized adjusted net income available to common stockholders for Q4 2025 was $2,515 million, an increase from $2,275 million in Q3 2025[19] Income and Expenses - 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] - Total noninterest income increased to $715 million in Q4 2025, up from $699 million in both Q3 2025 and Q4 2024[2] - 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] - Noninterest income for the fourth quarter of 2025 was $529 million, an increase of 2.1% from $518 million in the previous quarter[9] - Noninterest expense (GAAP) for Q4 2025 increased to $1,572 million from $1,491 million in Q3 2025 and $1,517 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 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] Assets and Liabilities - Total loans and leases increased to $147,930 million at the end of Q4 2025, compared to $144,758 million at the end of Q3 2025 and $140,221 million at the end of Q4 2024[1] - Total deposits decreased to $161,578 million in Q4 2025 from $163,190 million in Q3 2025 but increased from $155,229 million in 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 assets (GAAP) as of December 31, 2025, were $229,698 million, down from $233,488 million as of September 30, 2025[20] - Total deposits as of December 31, 2025, were $161,578 million, a slight decrease from $163,190 million on September 30, 2025[3] Efficiency and Ratios - 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] - Return on average assets (ROA) for Q4 2025 was 0.99%, slightly up from 0.98% in Q3 2025 but down from 1.25% in Q4 2024[1] - Adjusted ROA (non-GAAP) for Q4 2025 was 1.10%, compared to 1.01% in Q3 2025 and 1.14% in Q4 2024[19] Stockholders' Equity - Stockholders' equity increased to $22,238 million as of December 31, 2025, compared to $21,986 million on September 30, 2025[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 and Yield - 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, representing 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] - The net interest spread for the twelve months ended December 31, 2025, was 2.46%, compared to 2.62% for the previous year[16]
FIRST CITIZENS(FCNCO) - 2025 Q4 - Annual Results