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First Citizens BancShares
First Citizens BancShares (FCNCA) investor relations material
First Citizens BancShares Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary23 Jan, 2026
Executive summary
Adjusted EPS for Q4 2025 was $51.27, with adjusted ROE of 11.93% and adjusted ROA of 1.1%, exceeding expectations and reflecting strong capital management and share repurchases.
Net income for Q4 was $648 million (adjusted), up from the prior quarter, driven by lower credit loss provisions and improved macro outlook.
Loans grew 2.2% sequentially, led by Global Fund Banking, while deposits declined 1.0% due to expected outflows and migration to off-balance sheet funds.
Tangible book value per share grew 11% in 2025 and 3% sequentially, reflecting strong capital returns and share repurchases.
Strategic priorities for 2026 include deepening client relationships, talent development, balance sheet optimization, and franchise investment.
Financial highlights
Adjusted EPS was $51.27, up from $44.62 in the prior quarter; adjusted ROE/ROA were 11.93%/1.10%; NIM was 3.20%, down 6 bps sequentially.
Net income available to common stockholders was $566 million (GAAP) and $634 million (adjusted).
Adjusted non-interest income rose 2–2.6% sequentially, led by rental and wealth management income.
Adjusted non-interest expense increased 7.1% sequentially, mainly from higher personnel, technology, and marketing costs.
Period-end loans grew $3.2 billion (2.2%) sequentially, led by Global Fund Banking; deposits declined $1.6 billion (1%) due to expected outflows.
Outlook and guidance
Q1 2026 loans expected at $148–$151 billion; full-year loans at $153–$157 billion.
Q1 2026 deposits projected at $164–$167 billion; full-year deposits at $181–$186 billion, aided by BMO acquisition.
Q1 net interest income expected at $1.6–$1.7 billion; full-year at $6.5–$6.9 billion.
Adjusted noninterest expense for 2026 expected at $5.37–$5.46 billion, a low- to mid-single-digit increase.
Efficiency ratio expected in the lower 60% range for 2026.
BMO deal impact on funding strategy
Rationale for $2.5B Purchase Money Note prepayment?
How to mitigate NIM compression from lower rates?
PMN repayment pace drivers and cash targets
Tech investment peak and efficiency gains
SVB client fund growth drivers and outlook
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Next First Citizens BancShares earnings date
Q1 202623 Apr, 2026
First Citizens BancShares
Next First Citizens BancShares earnings date
Q1 202623 Apr, 2026
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Frequently asked questions
First Citizens BancShares Inc is a financial holding company that provides commercial and retail banking services through its subsidiary bank. The company offers deposit accounts, lending products, treasury services, and wealth management solutions. It operates a branch network across multiple U.S. states, serving individuals, businesses, and institutions. The company is headquartered in Raleigh, North Carolina, and its shares are listed on the NASDAQ.
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