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NASDAQ:FCNCA
First Citizens Bancshares Stock Earnings Reports
Invest in FCNCA
$1,841.04
-0.730 (-0.0396%)
At Close: May 22, 2025
First Citizens BancShares Earnings Calls
Q1 2025
Beat
$37.79 (0.186%)
| Release date | Apr 24, 2025 |
| EPS estimate | $37.72 |
| EPS actual | $37.79 |
| EPS Surprise | 0.186% |
| Revenue estimate | 2.217B |
| Revenue actual | 3.53B |
| Revenue Surprise | 59.26% |
Q4 2024
Beat
$45.10 (14.70%)
| Release date | Jan 24, 2025 |
| EPS estimate | $39.32 |
| EPS actual | $45.10 |
| EPS Surprise | 14.70% |
| Revenue estimate | 2.241B |
| Revenue actual | 2.397B |
| Revenue Surprise | 6.96% |
Q3 2024
Missed
$45.87 (-3.23%)
| Release date | Oct 24, 2024 |
| EPS estimate | $47.40 |
| EPS actual | $45.87 |
| EPS Surprise | -3.23% |
| Revenue estimate | 2.389B |
| Revenue actual | 3.138B |
| Revenue Surprise | 31.35% |
Q2 2024
Beat
$50.87 (13.60%)
| Release date | Jul 25, 2024 |
| EPS estimate | $44.78 |
| EPS actual | $50.87 |
| EPS Surprise | 13.60% |
| Revenue estimate | 2.256B |
| Revenue actual | 3.767B |
| Revenue Surprise | 67.00% |
Last 4 Quarters for First Citizens BancShares
Below you can see how FCNCA performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q2 2024
Beat
| Release date | Jul 25, 2024 |
| Fiscal end date | Jun 30, 2024 |
| Price on release | $2,051.05 |
| EPS estimate | $44.78 |
| EPS actual | $50.87 |
| EPS surprise | 13.60% |
| Date | Price |
|---|---|
| Jul 19, 2024 | $1,832.79 |
| Jul 22, 2024 | $1,844.40 |
| Jul 23, 2024 | $1,873.11 |
| Jul 24, 2024 | $1,862.27 |
| Jul 25, 2024 | $2,051.05 |
| Jul 26, 2024 | $2,110.45 |
| Jul 29, 2024 | $2,095.84 |
| Jul 30, 2024 | $2,128.51 |
| Jul 31, 2024 | $2,087.69 |
| 4 days before | 11.91% |
| 4 days after | 1.79% |
| On release day | 2.90% |
| Change in period | 13.91% |
Q3 2024
Missed
| Release date | Oct 24, 2024 |
| Fiscal end date | Sep 30, 2024 |
| Price on release | $1,879.94 |
| EPS estimate | $47.40 |
| EPS actual | $45.87 |
| EPS surprise | -3.23% |
| Date | Price |
|---|---|
| Oct 18, 2024 | $2,115.01 |
| Oct 21, 2024 | $2,059.01 |
| Oct 22, 2024 | $2,081.00 |
| Oct 23, 2024 | $2,082.60 |
| Oct 24, 2024 | $1,879.94 |
| Oct 25, 2024 | $1,881.83 |
| Oct 28, 2024 | $1,926.03 |
| Oct 29, 2024 | $1,941.86 |
| Oct 30, 2024 | $1,974.07 |
| 4 days before | -11.11% |
| 4 days after | 5.01% |
| On release day | 0.101% |
| Change in period | -6.66% |
Q4 2024
Beat
| Release date | Jan 24, 2025 |
| Fiscal end date | Dec 31, 2024 |
| Price on release | $2,225.00 |
| EPS estimate | $39.32 |
| EPS actual | $45.10 |
| EPS surprise | 14.70% |
| Date | Price |
|---|---|
| Jan 17, 2025 | $2,188.94 |
| Jan 21, 2025 | $2,231.14 |
| Jan 22, 2025 | $2,218.11 |
| Jan 23, 2025 | $2,216.49 |
| Jan 24, 2025 | $2,225.00 |
| Jan 27, 2025 | $2,182.30 |
| Jan 28, 2025 | $2,179.18 |
| Jan 29, 2025 | $2,199.94 |
| Jan 30, 2025 | $2,218.30 |
| 4 days before | 1.65% |
| 4 days after | -0.301% |
| On release day | -1.92% |
| Change in period | 1.34% |
Q1 2025
Beat
| Release date | Apr 24, 2025 |
| Fiscal end date | Mar 31, 2025 |
| Price on release | $1,790.65 |
| EPS estimate | $37.72 |
| EPS actual | $37.79 |
| EPS surprise | 0.186% |
| Date | Price |
|---|---|
| Apr 17, 2025 | $1,716.56 |
| Apr 21, 2025 | $1,684.73 |
| Apr 22, 2025 | $1,734.53 |
| Apr 23, 2025 | $1,772.04 |
| Apr 24, 2025 | $1,790.65 |
| Apr 25, 2025 | $1,779.26 |
| Apr 28, 2025 | $1,772.21 |
| Apr 29, 2025 | $1,793.05 |
| Apr 30, 2025 | $1,779.14 |
| 4 days before | 4.32% |
| 4 days after | -0.643% |
| On release day | -0.636% |
| Change in period | 3.65% |
First Citizens BancShares Earnings Call Transcript Summary of Q1 2025
First Citizens BancShares, Inc. Q1 2025 Earnings Call Summary
Key Financial Highlights:
- Adjusted Earnings: Q1 2025 adjusted earnings per share (EPS) reported at $37.79, aligned with guidance.
- Net Income: Adjusted net income was $528 million.
- Return on Equity (ROE): Adjusted ROE at 9.64% with an adjusted Return on Assets (ROA) of 0.95%.
- Net Interest Margin (NIM): Headline NIM at 3.26%, slightly down from the previous quarter, largely driven by market conditions and policy changes.
- Loan Growth: Total loans grew by $1.1 billion (0.8% sequentially) with notable growth in commercial segments, particularly in tech and healthcare.
Operational Updates:
- Deposit Growth: Total deposits up by $4.1 billion (2.6% sequentially), with strong contributions from the direct bank and branch networks.
- Credit Quality: Net charge-offs declined to 41 basis points, healthy credit performance despite certain pressures in specific portfolios.
- Capital Management: Returned $613 million to shareholders through share repurchases, totaling $2.3 billion since the program's inception.
Strategic Decisions:
- Terminated the FDIC loss share agreement related to the SVB acquisition, reflecting confidence in credit quality of SVB’s portfolio.
- Reentered debt markets with new senior unsecured borrowings and subordinated debt to support future growth.
Market Conditions and Guidance:
- Economic Uncertainty: Acknowledgement of macroeconomic volatility impacting broader economic outlook but maintaining a conservative stance on forecasts.
- Loan and Deposit Outlook:
- For Q2, loans expected to range from $142 to $144 billion.
- Full-year loan guidance remains at $144 to $147 billion.
- Adjusted deposit guidance increased to $163 to $168 billion for the year.
- Interest Rate Outlook: Projecting a range of interest rate cuts; lowered headline net interest income guidance to $6.55 to $6.95 billion for the full year.
Conclusion:
First Citizens BancShares emphasizes maintaining strong capital and liquidity positions while adapting to market changes. The bank expressed resilience despite uncertainties, with a focus on supporting clients and executing strategic growth initiatives through both organic deposits and potential M&A in the future. Investors should note the cautious optimism around loan growth and credit quality amidst a fluctuating economic landscape.
First Citizens BancShares Earnings History
Earnings Calendar
FAQ
When is the earnings report for FCNCA?
First Citizens BancShares (FCNCA) has scheduled its earnings report for Jul 24, 2025 before the markets open.
What is the FCNCA price-to-earnings (P/E) ratio?
FCNCA P/E ratio as of May 22, 2025 (TTM) is 9.89.
What is the FCNCA EPS forecast?
The forecasted EPS (Earnings Per Share) for First Citizens BancShares (FCNCA) for the first fiscal quarter 2025 is $39.13.
What are First Citizens BancShares's retained earnings?
On its balance sheet, First Citizens BancShares reported retained earnings of $3.53 billion for the latest quarter ending Mar 31, 2025.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
