Prnewswire·2026-01-23 11:30Core 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].