First Citizens BancShares (FCNCA) Q2 2025 earnings summary

Executive summary

• Delivered strong Q2 2025 results with revenue and net interest income growth, stable credit quality, and robust capital and liquidity positions, supporting significant share repurchases and a new $4.0 billion repurchase plan.

• Adjusted EPS was $44.78, with adjusted ROE of 11.00% and ROA of 1.07%.

• Repurchased $613 million in shares in Q2 2025, totaling $2.9 billion to $3.1 billion since plan inception; board approved a new $4.0 billion repurchase plan.

• Leadership strengthened with the appointment of Diane Morais to the board effective July 2025.

Financial highlights

• Net income for Q2 2025 was $575 million, up 19% sequentially; adjusted net income was $607 million, with EPS at $42.36 and adjusted EPS at $44.78.

• Net interest income rose to $1.70 billion, up 2% sequentially; NIM held steady at 3.26%.

• Noninterest income increased to $678 million, with adjusted noninterest income at $513 million.

• Noninterest expense was $1.50 billion, with adjusted noninterest expense at $1.28 billion.

• Tangible book value per share was $1,594.38, up 10.4% year-over-year.

Outlook and guidance

• Loans projected at $141B–$144B for Q3 and $143B–$146B for full year; deposits at $159B–$162B for Q3 and $161B–$166B for full year.

• Full-year net interest income guidance is $6.68B–$6.88B; adjusted noninterest income $1.97B–$2.05B; adjusted noninterest expense $5.10B–$5.20B.

• Net charge-offs expected at 35–45 bps for Q3 and full year; tax rate expected at 25%–26%.

• Management continues to monitor economic and regulatory developments, including tariffs and new legislation.