FCNCA
First Citizens BancShares, Inc.2091.85
+16.99+0.82%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
26.78BP/E (TTM)
12.39Basic EPS (TTM)
168.81Dividend Yield
0%Recent Filings
8-K
New preferred stock offering closed
First Citizens BancShares filed a certificate of designation on November 14, 2025, creating 7.000% Non-Cumulative Perpetual Preferred Stock, Series D, with a $100,000 liquidation preference per share. The company closed a public offering of 500,000 depositary shares—each a 1/100th interest—on November 18, 2025, under an agreement with J.P. Morgan and others. Dividends accrue non-cumulatively at 7% until December 15, 2030, then reset to five-year treasury plus 3.301%, payable quarterly if declared. Redemption starts after 2030, subject to Federal Reserve approval; this bolsters capital while limiting common stock dividends if skipped.
10-Q
Q3 FY2025 results
First Citizens BancShares posted solid Q3 2025 results, with net income of $568 million edging down 1% from the prior quarter amid higher credit provisions, yet net interest income climbed 2% to $1.73 billion on loan growth and steady margins. Loans expanded 3% year-to-date to $144.8 billion, fueled by global fund banking and commercial sectors, while deposits rose 5% to $163.2 billion, bolstering liquidity at $61.9 billion in high-quality assets. Noninterest income ticked up 3% to $699 million, driven by equity gains and fees, but expenses dipped 1% thanks to lower acquisition costs. The bank repurchased $900 million in shares, maintaining strong capital ratios above well-capitalized levels. Still, elevated charge-offs signal ongoing credit pressures in commercial real estate.
8-K
Q3 earnings dip on charge-offs
First Citizens BancShares reported Q3 2025 net income of $568 million, down slightly from $575 million in Q2, with net interest income rising to $1.73 billion amid 2.5% loan growth to $144.76 billion and 2.0% deposit growth to $163.19 billion. Elevated net charge-offs of $234 million, driven by an $82 million Commercial Bank loss, pushed the provision for credit losses to $191 million, while nonaccrual loans edged up to 0.97% of loans. The bank announced acquiring 138 BMO branches for $5.7 billion in deposits and $1.1 billion in loans, closing mid-2026 to boost liquidity; it repurchased $900 million in shares under its 2025 plan. Capital ratios stayed robust at CET1 11.65%, but credit pressures persist.
8-K
BMO branches acquisition announced
First Citizens BancShares announced on October 16, 2025, that its banking subsidiary agreed to acquire 138 branches from BMO Bank N.A. across 11 states in the Midwest, Great Plains, and West, assuming $5.7 billion in deposits and $1.1 billion in loans. This deal bolsters liquidity with $4.6 billion net and low-cost funding at 1.43%, while expanding market reach. It targets mid-2026 close, pending approvals. Integration risks loom large.
8-K
Issues $600M subordinated notes
First Citizens BancShares issued and sold $600,000,000 of 5.600% Fixed Rate Reset Subordinated Notes due 2035 on September 5, 2025, via a public offering underwritten by BofA Securities and Morgan Stanley. This bolsters the bank's capital base under a subordinated indenture with U.S. Bank Trust. Proceeds will support general corporate purposes. No risks detailed beyond standard terms.
IPO
Employees
Sector
Industry
BFC
Bank First Corporation
135.42-0.09
CIZN
Citizens Holding Co.
7.70+0.04
FBK
FB Financial Corporation
58.09-0.74
FBNC
First Bancorp
53.55+0.08
FCBC
First Community Bankshares, Inc
35.18-0.15
FCF
First
17.12-0.16
FFBC
First Financial Bancorp.
26.58-0.40
FFIN
First Financial Bankshares, Inc
31.49+0.12
FXNC
First National Corporation
26.20+0.01
SFST
Southern First Bancshares, Inc.
55.26-0.24