# FCNCN earnings call intelligence

LOPJLB CallCard / temporal rollup · freemium · [stock page](https://www.lopjlb.com/stock/FCNCN) · [Earnings tab](https://www.lopjlb.com/stock/FCNCN?tab=earnings)

Updated: 2026-10-23T07:26:25

Quarters analyzed: 8

## Cross-quarter narrative

Across nine earnings calls from Q3 2024 to Q1 2026, First Citizens shifted from a resilient earnings tone with modest NIM compression to a more cautious outlook driven by macro volatility and rate‑cut risk. Deposit growth that powered early calls slowed, while loan growth softened after a strong Q1 2025 surge and later settled at modest single‑digit levels. Net interest margin pressure intensified as the Fed‑rate outlook grew uncertain, prompting lower deposit pricing and higher funding costs. The firm’s capital return engine accelerated, expanding share‑buyback programs and prepaying FDIC notes, while CET1 targets remained near 11 %. Technology and risk initiatives moved from on‑track to at‑risk, and several large‑scale projects were delayed. Macro uncertainty, competitive deposit pricing, and credit‑quality concerns persisted, with new geopolitical and funding‑cost risks emerging in 2026. Regulatory readiness stayed on track, but tariff‑related inflation worries faded. Overall, the narrative reflects a transition from growth optimism to heightened vigilance on margins, funding, and credit risk.

## Latest CallCard · Q2

**Guidance:** vague

**Tone:** mgmt 0 · Q&A pressure 0 · divergence 0

## Quarter one-liners

- **2026 Q2:** —
- **2026 Q1:** First Citizens posted solid Q1 earnings with strong deposit growth and cost cuts, but warns of intense deposit competition, macro uncertainty and a cautious outlook on loan growth.
- **2025 Q4:** FCNCN Q4 2025: Adj EPS $51.27 beats expectations; loans +2.2% QoQ driven by SVB global fund banking; deposits -1% but avg deposits +1.6%; repurchased $900M shares; prepaid $2.5B purchase money note; 2026 guidance: mid-single-digit loan growth, low-mid single-digit expense growth, CET1 11.15%.
- **2025 Q3:** First Citizens posted solid Q3 results with 2.5% loan growth, stable NIM, $900M share repurchases, and announced a BMO branch acquisition, while noting macro uncertainty and a one‑off $82M charge‑off.
- **2025 Q2:** First Citizens posted solid Q2 earnings with higher net interest income, low charge-offs, and strong capital, while noting macro uncertainty, competitive pressure and modest loan growth outlook.
- **2025 Q1:** First Citizens delivered solid Q1 results in line with guidance, saw loan and deposit growth, returned capital via buybacks, terminated its FDIC loss‑share agreement, but flagged macro volatility and rate‑cut risk.
- **2024 Q4:** First Citizens posted strong Q4 earnings with EPS above expectations, continued loan and deposit growth, and reaffirmed 2025 guidance while highlighting share repurchases and regulatory readiness.
- **2024 Q3:** FCNCN Q3 2024: strong adjusted EPS $45.87, NIM resilient, deposit growth in General Bank and SVB Commercial, loan decline due to Global Fund Banking repayments, share repurchase $700M, full-year NII guidance lowered.

## Theme arcs

- **Macro uncertainty** (stable): Recurring macro‑volatility and tariff concerns noted from Q3 2024 through Q1 2026
- **Deposit competition** (deteriorating): Intense pricing pressure from neobanks and fintechs surfaced in Q1 2026
- **Loan growth outlook** (deteriorating): From strong Q1 2025 growth to modest single‑digit guidance in 2026
- **Net interest margin pressure** (deteriorating): NIM compressed modestly in 2024‑25 and fell 11 bps in Q1 2026
- **Share repurchase program** (improving): Buybacks expanded from $700 M in 2024 to $5.7 B and ongoing in 2026
- **Technology & risk project execution** (deteriorating): Projects on track in 2024‑25 became at‑risk and delayed in 2025‑26
- **Regulatory readiness** (stable): Category‑3 readiness remained on track across calls
- **Credit quality risk** (deteriorating): Repeated mentions of losses in SVB, commercial finance and First Brands bankruptcy
- **Funding cost volatility** (new): Emerging concern in Q1 2026 about reliance on broker deposits
- **Geopolitical risk** (new): Noted as a source of uncertainty in Q1 2026

## Guidance path

2024 Q3:lowered → 2024 Q4:maintained → 2025 Q1:maintained → 2025 Q2:maintained → 2025 Q3:maintained → 2025 Q4:maintained → 2026 Q1:maintained → 2026 Q2:vague

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Research context only. Not personalized investment advice.

API: `GET /bff/api/bigfive/earnings-intel/FCNCN`