# FCNCP earnings call intelligence

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

Updated: 2026-10-23T06:46:48

Quarters analyzed: 8

## Cross-quarter narrative

Across the series of earnings calls from Q3 2024 through Q1 2026, First Citizens displayed a pattern of strong earnings momentum tempered by mounting macro and competitive pressures. Adjusted EPS rose from $45.87 in late‑2024 to a peak of $51.27 in Q4 2025 before slipping to $44.86 in Q1 2026 as rate cuts compressed net interest margin. NIM, initially resilient, faced incremental compression each quarter, reflecting lower accretion income and rising deposit‑beta costs. Deposit growth shifted from solid gains in the General Bank and SVB segments to a modest decline in Q4 2025, then rebounded with strong net deposits in early‑2026. Loan growth recovered after a dip in 2024, driven by Global Fund Banking activity and SVB Commercial pipelines, supporting mid‑single‑digit expansion guidance. Share‑repurchase activity accelerated, with $969 M in Q3 2024 and cumulative $4 bn purchases by late‑2025, underscoring a disciplined capital return strategy. Credit‑risk concerns—elevated office‑portfolio charge‑offs and stress in investor‑dependent assets—remained a recurring theme, while macro uncertainty and competitive deposit pricing intensified. Technology and risk‑management projects moved from “at‑risk” in mid‑2025 to delivery by early‑2026, indicating improving execution on strategic initiatives.

## Latest CallCard · Q2

**Guidance:** vague

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

## Quarter one-liners

- **2026 Q2:** —
- **2026 Q1:** First Citizens posted $44.86 adjusted EPS, strong deposit growth and share repurchases, but lower rates compressed NIM and intense deposit competition led management to maintain guidance while noting macro uncertainty.
- **2025 Q4:** FCNCP Q4 2025: Adj EPS $51.27 beat expectations; loans +2.2% driven by SVB global fund banking; deposits -1% but avg deposits +1.6%; share repurchases $900M; 2026 guidance: mid-single-digit loan growth, low-mid single-digit expense growth, CET1 target 10.5-11%.
- **2025 Q3:** FCNCP Q3 2025: solid earnings, loan/deposit growth, stable NIM, $82M First Brands charge-off, $900M buybacks, BMO branch deal, NII guidance tightened, charge-off guide raised.
- **2025 Q2:** First Citizens posted solid Q2 earnings with net interest income growth, low charge‑offs and a strong capital position, while noting macro uncertainty and a cautious outlook on loan and deposit growth.
- **2025 Q1:** —
- **2024 Q4:** —
- **2024 Q3:** FCNCP Q3: strong EPS $45.87, NIM resilient, deposit growth in General Bank, SVB stable; loans down on GFB repayments; share buyback $969M; guidance lowered for NII; credit stable but office stress persists.

## Theme arcs

- **Earnings per share** (stable): EPS rose to a peak in 2025 then moderated as rate cuts impacted earnings
- **Net interest margin** (deteriorating): Consistent compression from rate cuts and deposit‑beta pressure
- **Deposit growth** (stable): Fluctuated with periods of strong net growth and brief declines
- **Loan growth** (improving): Recovered from 2024 slowdown, driven by Global Fund Banking and SVB pipelines
- **Share repurchase program** (improving): Accelerated purchases, $4 bn cumulative by late‑2025
- **Capital adequacy** (improving): CET1 consistently met 10.5‑11% target, excess liquidity maintained
- **Credit risk exposure** (deteriorating): Persistent charge‑offs in office and investor‑dependent portfolios
- **Macro and competitive uncertainty** (stable): Ongoing headwinds from rate outlook, tariff policy, and deposit competition
- **Technology and risk project execution** (improving): Projects initially at risk were delivered by Q1 2026

## Guidance path

2024 Q3:lowered → 2024 Q4:vague → 2025 Q1:vague → 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.

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