Earnings summaries and quarterly performance for FIRST CITIZENS BANCSHARES INC /DE/.
Executive leadership at FIRST CITIZENS BANCSHARES INC /DE/.
Frank B. Holding, Jr.
Detailed
Chief Executive Officer
CEO
AG
Andrew Giangrave
Detailed
Chief Credit Officer
CL
Craig L. Nix
Detailed
Chief Financial Officer
GL
Gregory L. Smith
Detailed
Chief Information and Operations Officer
HH
Hope H. Bryant
Detailed
Vice Chairwoman
JL
Jeffery L. Ward
Detailed
Chief Strategy Officer
LK
Lorie K. Rupp
Detailed
Chief Risk Officer
MG
Matthew G.T. Martin
Detailed
Chief Legal Officer and Corporate Secretary
PM
Peter M. Bristow
Detailed
President
WL
West L. Ludwig
Detailed
Chief Human Resources Officer
Board of directors at FIRST CITIZENS BANCSHARES INC /DE/.
DG
David G. Leitch
Detailed
Director
DM
Diane Morais
Detailed
Director
DE
Dr. Eugene Flood, Jr.
Detailed
Director
ER
Ellen R. Alemany
Detailed
Director
RM
R. Mattox Snow III
Detailed
Director
RE
Robert E. Mason IV
Detailed
Director
RR
Robert R. Hoppe
Detailed
Director
RT
Robert T. Newcomb
Detailed
Lead Independent Director
VE
Victor E. Bell III
Detailed
Director
Research analysts who have asked questions during FIRST CITIZENS BANCSHARES INC /DE/ earnings calls.
Christopher Marinac
Janney Montgomery Scott LLC
4 questions for FCNCA
Also covers: ABCB, BFST, BKU +25 more
Anthony Elian
JPMorgan
3 questions for FCNCA
Also covers: BANC, CMA, COLB +11 more
Christopher McGratty
Keefe, Bruyette & Woods
3 questions for FCNCA
Also covers: ASB, BAC, BANC +34 more
NH
Nicholas Holowko
UBS Group AG
2 questions for FCNCA
Also covers: CMA, FHN, OZK +5 more
Benjamin Gerlinger
Citigroup Inc.
1 question for FCNCA
Also covers: BANC, BKU, BOKF +18 more
Bernard Von Gizycki
Deutsche Bank
1 question for FCNCA
Also covers: CMA, EWBC, FHN +8 more
BF
Brian Foran
Truist Financial
1 question for FCNCA
Also covers: AXP, CMA, COF +6 more
CH
Casey Haire
Jefferies
1 question for FCNCA
Also covers: ASB, CADE, CFR +12 more
David Long
Raymond James Financial, Inc.
1 question for FCNCA
Also covers: ALRS, BY, EFSC +10 more
Ryan Nash
Goldman Sachs & Co.
1 question for FCNCA
Also covers: ALLY, AXP, CFG +7 more
Samuel Varga
UBS
1 question for FCNCA
Also covers: BPOP, COLB, EWBC +9 more
SA
Steven Alexopoulos
JPMorgan Chase & Co.
1 question for FCNCA
Also covers: BAC, C, CFG +10 more
Recent press releases and 8-K filings for FCNCA.
First Citizens BancShares Reports Q4 2025 Earnings, Loan Growth, and Capital Return
FCNCA
Earnings
Share Buyback
M&A
- First Citizens BancShares reported net income of $580 million and diluted earnings per common share of $45.81 for the fourth quarter of 2025.
- The company achieved strong loan growth, with loans and leases increasing by $3.17 billion or 2.2% to $147.93 billion at December 31, 2025.
- First Citizens BancShares returned $900 million of capital to stockholders through share repurchases and prepaid $2.5 billion of the Purchase Money Note during the quarter.
- An agreement was announced to acquire 138 branches from BMO Bank N.A., which is expected to add approximately $5.7 billion in deposits and $1.1 billion in loans, with closing anticipated in the second half of 2026.
- Deposits decreased by $1.61 billion or 1.0% to $161.58 billion at December 31, 2025, primarily due to declines in the Commercial Bank segment and Direct Bank deposits.
2 days ago
First Citizens BancShares Reports Fourth Quarter 2025 Earnings
FCNCA
Earnings
Share Buyback
M&A
- First Citizens BancShares reported net income of $580 million and adjusted net income of $648 million for the fourth quarter of 2025.
- The company returned $900 million to stockholders through share repurchases and prepaid $2.5 billion of the Purchase Money Note during Q4 2025.
- First Citizens Bank agreed to acquire 138 branches from BMO Bank N.A., expecting to assume approximately $5.7 billion in deposits and acquire $1.1 billion in loans, with closing anticipated in the second half of 2026.
- Loans and leases grew by $3.17 billion to $147.93 billion at December 31, 2025, while deposits decreased by $1.61 billion to $161.58 billion.
- Provision for credit losses decreased significantly to $54 million in Q4 2025 from $191 million in the prior quarter, primarily due to lower net charge-offs and an $86 million reserve release.
2 days ago
First Citizens Bank participates in Pivot Energy's $225 million financing
FCNCA
Debt Issuance
New Projects/Investments
- Pivot Energy secured $225 million in new financing agreements as of December 17, 2025.
- This financing includes a $170 million upsize to an existing construction warehouse facility with ATLAS SP and First Citizens Bank, supporting approximately 60 community solar projects totaling 225 Megawatts.
- First Citizens Bank also provided a $40 million equipment facility to Pivot Energy for the purchase of domestically made solar panels.
- These new agreements bring Pivot Energy's total financing in 2025 to $435 million.
Dec 17, 2025, 11:00 AM
First Citizens BancShares Establishes and Offers New Series D Preferred Stock
FCNCA
Dividends
- First Citizens BancShares, Inc. has established a new series of preferred stock, the 7.000% Non-Cumulative Perpetual Preferred Stock, Series D, with a liquidation preference of $100,000 per share (equivalent to $1,000 per depositary share).
- The company is offering 500,000 depositary shares, each representing a 1/100th interest in a Series D Preferred Stock share, with anticipated net proceeds of $495,000,000 before expenses.
- Dividends will accrue at a 7.000% per annum rate on a non-cumulative basis from the issue date until December 15, 2030. Thereafter, the rate will reset to the five-year treasury rate plus 3.301% for each reset period, payable quarterly starting March 15, 2026.
- The Series D Preferred Stock has no maturity date and can be optionally redeemed by the company, in whole or in part, on any dividend payment date on or after December 15, 2030, or in whole following a regulatory capital treatment event.
Nov 18, 2025, 9:09 PM
First Citizens Bank to Acquire 138 BMO U.S. Branches
FCNCA
M&A
New Projects/Investments
- First Citizens Bank & Trust Company has agreed to acquire 138 U.S. branches from BMO Financial Group, which includes approximately $5.7 billion in deposits and $1.1 billion in loans.
- This acquisition is expected to enhance First Citizens' liquidity by about $4.6 billion and improve its funding base with low-cost deposits averaging 1.43%.
- The transaction is projected to be immediately accretive to earnings per share for First Citizens and is anticipated to close by mid-2026, pending regulatory approvals.
- The deal is expected to have a Common Equity Tier 1 (CET1) capital impact of approximately 27 basis points for First Citizens, but it is not anticipated to affect the company's ongoing share repurchase plan.
Oct 16, 2025, 11:41 AM
First Citizens BancShares to acquire 138 BMO Bank branches
FCNCA
M&A
New Projects/Investments
- First Citizens Bank, a wholly owned subsidiary of First Citizens BancShares, Inc., announced on October 16, 2025, an agreement to acquire 138 branches from BMO Bank N.A..
- This acquisition involves assuming approximately $5.7 billion in deposit liabilities and acquiring approximately $1.1 billion in loans, along with $1.0 billion in wealth assets under management.
- The transaction is expected to provide $4.6 billion in net liquidity and is projected to be immediately accretive to EPS.
- The closing is anticipated in mid-2026, subject to customary closing terms and regulatory approvals.
Oct 16, 2025, 10:36 AM
First Citizens Bank to Acquire 138 Branches from BMO Bank N.A.
FCNCA
M&A
New Projects/Investments
- First Citizens Bank, a subsidiary of First Citizens BancShares, Inc. (NASDAQ: FCNCA), announced an agreement to acquire 138 branches from BMO Bank N.A..
- This acquisition will expand First Citizens Bank's presence into 11 states across the Midwest, Great Plains, and West regions of the U.S..
- The transaction includes the assumption of approximately $5.7 billion in deposit liabilities and the acquisition of approximately $1.1 billion in loans.
- The deal is expected to close in mid-2026, pending customary closing terms, conditions, and regulatory approvals.
Oct 16, 2025, 10:30 AM
First Citizens BancShares Inc – Annual Meeting and Voting Outcomes
FCNCA
Proxy Vote Outcomes
- Form 8-K filing reports on the Annual Meeting held on April 29, 2025, detailing key stockholder votes on director elections, a non-binding say-on-pay resolution, and the ratification of KPMG LLP as independent auditors.
- The document provides specific voting results for the 11 director nominees and outlines the outcomes for compensation and auditor proposals.
- An interactive data file is included, and the report was signed on May 5, 2025 by CFO Craig L. Nix.
May 5, 2025, 12:00 AM
First Citizens BancShares Q1 2025 Financial Results & Capital Management Update
FCNCA
Earnings
Share Buyback
Debt Issuance
Dividends
- Q1 2025 Financial Performance: Adjusted net income of $528 million and GAAP net income of $483 million, reflecting the impact of higher income tax expense and notable items .
- Capital & Shareholder Returns: Returned $613 million to shareholders via share repurchases (totaling $2.4 billion), including repurchasing 8.91% of Class A shares, and raised $1.25 billion in debt (comprising $500 million in senior unsecured and $750 million in subordinated notes) .
- Dividend Announcement: Declared quarterly dividends effective June 16, 2025, including $1.95 per share for common stock and $13.4375 (Series A), $21.56925 (Series B), $0.351563 (Series C) for preferred shares .
- Growth Highlights: Achieved robust deposit growth with deposits rising by $4.1 billion (2.6%) and loan volumes increasing with an incremental growth of $1.1 billion to reach $141.36 billion, complemented by stable credit quality .
- Efficiency & Operational Metrics: Reported adjusted EPS of $37.79, ROE of 9.64%, and an efficiency ratio of 59.6%, underscoring strategic balance sheet optimizations .
Apr 24, 2025, 1:01 PM
First Citizens BancShares Terminates FDIC Shared-Loss Agreement
FCNCA
M&A
Debt Issuance
- April 7, 2025 filing: The company announced the termination of its commercial shared‐loss agreement with the FDIC related to the Silicon Valley Bridge Bank acquisition, ending associated loss sharing and reimbursement obligations.
- The termination eliminates all future payment and reporting responsibilities under the agreement, without triggering any defaults or requiring prepayment of related financing arrangements.
- This action is part of the FDIC-assisted transaction framework, which previously involved a $35.99 billion purchase money note bearing a fixed interest rate of 3.50% until its March 2028 maturity.
Apr 7, 2025, 12:00 AM
Quarterly earnings call transcripts for FIRST CITIZENS BANCSHARES INC /DE/.
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