First Citizens Bancshares Stock Earnings Reports
First Citizens BancShares Earnings Calls
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% |
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% |
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% |
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.
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% |
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% |
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% |
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.