FCNCA

First Citizens BancShares delivered Q2 results that surpassed Wall Street’s expectations, with management highlighting the company’s ongoing focus on improving net interest margin and efficiency. CEO James Reuter attributed the performance to disciplined capital deployment, lower deposit costs, and a deliberate exit from non-relationship and criticized loans. The company’s actions, including a significant branch divestiture and targeted expense controls, were central to the quarter’s outcome. Reuter noted, “We further executed on operating model efficiencies while investing in relationship-driven growth.” Is now the time to buy FCNCA? Find out in our full research report (it’s free). Revenue: $2.24 billion vs analyst estimates of $2.16 billion (1.5% year-on-year growth, 3.7% beat) Adjusted EPS: $57.09 vs analyst estimates of $40.16 (42.2% beat) Market Capitalization: $24.45 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Matthew Clark (Piper Sandler) asked about the proportion of loans with no deposit relationship slated for runoff and the timeline for asset stabilization. CFO David Della Camera explained most payoffs are non-relationship loans and expects earning assets to stabilize and improve in the back half of the year. Kelly Motta (KBW) questioned the sustainability of improved loan production and how recent organizational changes impact payoffs. CEO James Reuter noted positive production momentum, particularly in the Rocky Mountain region, and highlighted efficiency gains from the recent reorganization. Kelly Motta (KBW) also asked about the drivers behind improved criticized loan metrics. Della Camera attributed the decline mainly to proactive portfolio management and credit workouts, rather than just normal portfolio seasoning. Timur Braziler (UBS) inquired about management’s confidence in net interest income (NII) growth given ongoing balance sheet contraction. Della Camera pointed to asset repricing opportunities and increased relationship lending as sources of future NII upside. Jeff Rulis (D.A. Davidson) questioned if accelerated payoffs this year imply improved prospects for loan growth in 2027. Della Camera said the goal is to create a portfolio positioned for growth, but it is too early for specific 2027 guidance. In coming quarters, the StockStory team will monitor (1) the pace of runoff in non-core and criticized loans, (2) the ability of new relationship managers to drive core lending and deposit growth, and (3) further improvements in net interest margin and deposit mix. Consistent progress on expense discipline and digital platform enhancements will also serve as key indicators of execution. First Citizens BancShares currently trades at $2,172, up from $2,078 just before the earnings. Is the company at an inflection point that warrants a buy or sell? The answer lies in our full research report (it’s free for active Edge members). ONE MORE THING: Top 6 Stocks for This Week. This market is separating quality stocks from expensive ones fast. AI is taking down whole sectors with no warning. In a rotation this fast, you need more than a list of good companies. Our AI system flagged Palantir before it ran 1,662% between October 2022 and February 2026. AppLovin before it ran 753% between February 2024 and February 2026. Nvidia before it ran 1,178% between January 2023 and February 2026. Each week it produces 6 new names that pass the same tests. Get Our Top 6 Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,552% between June 2020 and June 2025). Find your next big winner with StockStory today.

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. First Citizens BancShares (FCNC.A) is back in focus after reporting second quarter 2026 results, highlighting higher net income, extensive share repurchases, and an affirmed cash dividend that together shape the latest update for shareholders. See our latest analysis for First Citizens BancShares. The latest Q2 earnings beat, branch acquisition plans and sizeable buybacks have coincided with a 14.54% 90 day share price return, while the 5 year total shareholder return of 182.76% underlines how First Citizens BancShares has rewarded patient holders. If recent bank earnings have you reassessing opportunities, it could be a good moment to broaden your watchlist and check out 17 top founder-led companies After a double digit 90 day gain and years of strong total returns, is most of the easy money in First Citizens BancShares already behind you, or does the current valuation still leave meaningful upside on the table? With First Citizens BancShares last closing at $2,212.77 against a narrative fair value of $2,258.75, the current setup frames only a small implied discount and puts more weight on the story behind those numbers. Read the complete narrative. Want to see what sits behind that confidence in First Citizens BancShares, and how modest growth, steady margins and a shrinking share count are stitched together into this fair value story? Result: Fair Value of $2,258.75 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the First Citizens BancShares story could be knocked off course if rate cuts pressure net interest income, or if credit losses in areas like commercial real estate rise. Find out about the key risks to this First Citizens BancShares narrative. If this First Citizens BancShares narrative feels finely balanced between opportunity and concern, take the time to evaluate both aspects and develop your own view with 2 key rewards and 1 important warning sign If First Citizens BancShares has sharpened your focus, keep that momentum going by lining up a few more quality ideas that fit your own style and risk tolerance. Target higher income potential by reviewing companies that show up in the 7 dividend fortresses and see which payouts might complement your current holdings. Hunt for quality at a sensible price with the 38 high quality undervalued stocks and compare how those opportunities stack up against banks like First Citizens BancShares. Prioritise resilience by scanning the 79 resilient stocks with low risk scores and look for stocks that may hold up better when conditions get tougher. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include FCNCA. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

First Citizens BancShares (FCNCA) came out with quarterly earnings of $57.09 per share, beating the Zacks Consensus Estimate of $40.45 per share. This compares to earnings of $44.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +41.14%. A quarter ago, it was expected that this bank would post earnings of $39.02 per share when it actually produced earnings of $44.86, delivering a surprise of +14.97%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. First Citizens, which belongs to the Zacks Banks - Southeast industry, posted revenues of $2.24 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.66%. This compares to year-ago revenues of $2.21 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. First Citizens shares have lost about 3.2% since the beginning of the year versus the S&P 500's gain of 9.6%. While First Citizens has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for First Citizens was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $46.20 on $2.23 billion in revenues for the coming quarter and $177.18 on $8.79 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, OptimumBank Holdings, Inc. (OPHC), has yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of -31%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. OptimumBank Holdings, Inc.'s revenues are expected to be $14.2 million, up 17.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Citizens BancShares, Inc. (FCNCA) : Free Stock Analysis Report OptimumBank Holdings, Inc. (OPHC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

First Citizens BancShares (FCNCA) reported $2.24 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 1.5%. EPS of $57.09 for the same period compares to $44.78 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.16 billion, representing a surprise of +3.66%. The company delivered an EPS surprise of +41.14%, with the consensus EPS estimate being $40.45. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how First Citizens performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio: 63.8% compared to the 62.5% average estimate based on three analysts. Net Interest Margin: 3.1% versus 3.1% estimated by three analysts on average. Nonaccrual loans at period end: $1.45 billion versus the two-analyst average estimate of $1.36 billion. Book value per share: $1,767.79 versus $1,766.74 estimated by two analysts on average. Net charge-off ratio: 0.3% compared to the 0.4% average estimate based on two analysts. Average Balance - Total interest-earning assets: $213.99 billion versus the two-analyst average estimate of $215.57 billion. Net Interest Income: $1.66 billion compared to the $1.64 billion average estimate based on three analysts. Total Noninterest Income: $776 million versus the three-analyst average estimate of $583.9 million. Deposit fees and service charges: $74 million versus $72.98 million estimated by two analysts on average. Merchant services, net: $13 million versus the two-analyst average estimate of $13.17 million. Factoring commissions: $18 million compared to the $17.94 million average estimate based on two analysts. Cardholder services, net: $38 million versus $39.24 million estimated by two analysts on average. View all Key Company Metrics for First Citizens here>>> Shares of First Citizens have returned -1.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Citizens BancShares, Inc. (FCNCA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

RALEIGH, N.C., July 23, 2026 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the second quarter of 2026. Chairman and CEO Frank B. Holding, Jr. said: "Solid return metrics during the second quarter continued to support our strong capital and liquidity positions, driven by balanced loan and deposit growth, resilient credit quality, and disciplined expense management. Return metrics surpassed both our expectations and first quarter results. We returned $600 million to our stockholders through share repurchases and further optimized our balance sheet by prepaying another $2.5 billion of the Purchase Money Note." BMO BRANCH ACQUISITION On October 16, 2025, First-Citizens Bank & Trust Company ("First Citizens Bank"), the wholly owned banking subsidiary of BancShares, announced that it had entered into an agreement to acquire 138 branches from BMO Bank N.A. ("BMO Bank") located throughout the Midwest, Great Plains and West regions of the U.S. (the "BMO Branch Acquisition"). In connection with the BMO Branch Acquisition, First Citizens Bank expects to assume approximately $5.3 billion in deposits and acquire approximately $700 million in loans. BancShares expects the transaction to be completed during the third quarter of 2026. FINANCIAL HIGHLIGHTS Measures referenced below "as adjusted" or "excluding PAA" (or purchase accounting accretion) are non-GAAP financial measures. Refer to the Financial Supplement available at ir.firstcitizens.com or www.sec.gov for a reconciliation of each non-GAAP measure to the most directly comparable GAAP measure. Net income for the second quarter of 2026 ("current quarter") was $672 million, compared to $534 million for the first quarter of 2026 ("linked quarter"). Net income available to common stockholders for the current quarter was $640 million, or $55.52 per common share, a $132 million increase from $508 million, or $42.63 per common share, in the linked quarter. Adjusted net income for the current quarter was $691 million, compared to $560 million for the linked quarter. Adjusted net income available to common stockholders was $659 million, or $57.09 per common share, a $125 million increase from $534 million, or $44.86 per common share, in the linked quarter. NET INTEREST INCOME AND MARGIN Net interest income was $1.66 billion for the current quarter, an increase of $35 million from the linked quarter. Net interest income, excluding PAA, was $1.61 billion, an increase of $26 million from the linked quarter. Net interest margin ("NIM") was 3.10% for the current quarter, an increase of 1 basis point from the linked quarter. NIM, excluding PAA, was 3.01% in both the current and linked quarters. NONINTEREST INCOME AND EXPENSE Noninterest income was $776 million, compared to $692 million in the linked quarter, an increase of $84 million. Adjusted noninterest income was $586 million, an increase of $66 million from the linked quarter. Noninterest expense was $1.55 billion, an increase of $15 million from the linked quarter. Adjusted noninterest expense was $1.35 billion, an increase of $16 million from the linked quarter. The increases in noninterest expense and adjusted noninterest expense were primarily due to the following: BALANCE SHEET SUMMARY Loans and leases were $151.03 billion at June 30, 2026, an increase of $2.34 billion or 1.6% compared to $148.69 billion at March 31, 2026, primarily due to loan growth of $2.37 billion in the Commercial Bank segment, mainly concentrated in Global Fund Banking. Total investment securities were $43.56 billion at June 30, 2026, an increase of $571 million since March 31, 2026. Purchases during the current quarter remained concentrated in available for sale U.S. treasury and agency mortgage-backed securities. Deposits were $173.43 billion at June 30, 2026, an increase of $2.59 billion or 1.5% since March 31, 2026, primarily attributable to growth in Corporate deposits of $4.28 billion, which includes Direct Bank and brokered deposits. Deposit growth was partially offset by a decline of $1.50 billion in Commercial Bank segment deposits. Noninterest-bearing deposits decreased by $1.13 billion (2.6% from the linked quarter) and represented 24.5% of total deposits as of June 30, 2026, compared to 25.5% at March 31, 2026. The cost of average total deposits was 2.07% for the current quarter, compared to 2.04% for the linked quarter. Borrowings were $32.19 billion at June 30, 2026, a decrease of $1.77 billion compared to $33.96 billion at March 31, 2026, mainly due to a $2.50 billion prepayment of the Purchase Money Note, partially offset by the issuance of $750 million of senior notes during the current quarter. The Purchase Money Note declined from $35.85 billion at September 30, 2025 to $28.42 billion at June 30, 2026. Funding mix improved as deposits represented 84.3% of total funding at June 30, 2026 compared to 83.4% at March 31, 2026. Interest-earning deposits at banks were $21.13 billion at June 30, 2026, a decrease of $2.06 billion compared to $23.19 billion at March 31, 2026, a function of the balance sheet trends discussed above. PROVISION FOR CREDIT LOSSES AND CREDIT QUALITY Benefit for credit losses was $10 million for the current quarter, compared to a provision for credit losses of $72 million for the linked quarter. The current quarter included a provision for loan and lease losses of $34 million that was more than offset by a benefit for off-balance sheet credit exposure of $44 million. Net charge-offs were $108 million (0.29% of average loans) for the current quarter, compared to $111 million (0.30% of average loans) for the linked quarter. Nonaccrual loans were $1.45 billion (0.96% of loans) at June 30, 2026, compared to $1.43 billion (0.96% of loans) at March 31, 2026. The allowance for loan and lease losses totaled $1.48 billion at June 30, 2026, compared to $1.56 billion at March 31, 2026. The allowance for loan and lease losses as a percentage of loans was 0.98% at June 30, 2026, compared to 1.05% at March 31, 2026. CAPITAL AND LIQUIDITY Capital ratios remained above regulatory requirements. The estimated total risk-based capital, Tier 1 risk-based capital, Common equity Tier 1 risk-based capital, and Tier 1 leverage ratios were 13.37%, 11.73%, 10.77%, and 9.22%, respectively, at June 30, 2026. During the current quarter, we repurchased 298,907 shares of our Class A common stock for $600 million and paid a dividend of $2.10 per share on our Class A and Class B common stock. Shares repurchased during the current quarter represented 2.80% of Class A common shares and 2.56% of total Class A and Class B common shares outstanding at March 31, 2026. Liquidity position remains strong as liquid assets were $59.14 billion at June 30, 2026, compared to $60.72 billion at March 31, 2026. EARNINGS CALL/ WEBCAST DETAILS BancShares will host a conference call to discuss the company's financial results on Thursday, July 23, 2026, at 9 a.m. Eastern time. The call may be accessed via webcast on the company's website at ir.firstcitizens.com. Our earnings release, investor presentation, and financial supplement are available at ir.firstcitizens.com. In addition, these materials will be furnished to the Securities and Exchange Commission (the "SEC") on a Form 8-K and will be available on the SEC website at www.sec.gov. After the event, a replay of the call will be available via webcast at ir.firstcitizens.com. ABOUT FIRST CITIZENS BANCSHARES First Citizens BancShares, Inc. (Nasdaq: FCNCA), a top 20 U.S. financial institution with more than $225 billion in assets and a member of the Fortune 500TM, is the financial holding company for First-Citizens Bank & Trust Company ("First Citizens Bank"). Headquartered in Raleigh, N.C., First Citizens Bank has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services with branches and offices nationwide; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Discover more at firstcitizens.com. FORWARD-LOOKING STATEMENTS This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the financial condition, results of operations, business plans, asset quality, future performance, and other strategic goals of BancShares. Words such as "anticipates," "believes," "estimates," "expects," "predicts," "forecasts," "intends," "plans," "projects," "targets," "designed," "could," "may," "should," "will," "potential," "continue," "aims" or other similar words and expressions are intended to identify these forward-looking statements. These forward-looking statements are based on BancShares' current expectations and assumptions regarding BancShares' business, the economy, and other future conditions. Because forward-looking statements relate to future results and occurrences, they are subject to inherent risks, uncertainties, changes in circumstances and other factors that are difficult to predict. Many possible events or factors could affect BancShares' future financial results and performance and could cause actual results, performance or achievements of BancShares to differ materially from any anticipated results expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, general competitive, economic (including the imposition of tariffs, retaliatory tariff measures, trade barriers on trading partners, and supply chain disruptions), political (including impacts of any U.S. government shutdown), geopolitical events (including conflicts or developments in Ukraine, the Middle East and Latin America), natural disasters and market conditions, including changes in competitive pressures among financial institutions and the impacts related to or resulting from previous bank failures, the risks and impacts of future bank failures and other volatility in the banking industry, public perceptions of our business practices, including our deposit pricing and acquisition activity, the financial success or changing conditions or strategies of BancShares' vendors or customers, including changes in demand for deposits, loans and other financial services, fluctuations in interest rates, changes in the quality or composition of BancShares' loan or investment portfolio, actions of government regulators, including interest rate decisions by the Board of Governors of the Federal Reserve Board (the "Federal Reserve"), changes to estimates of future costs and benefits of actions taken by BancShares, BancShares' ability to maintain adequate sources of funding and liquidity, the potential impact of decisions by the Federal Reserve on BancShares' capital plans, adverse developments with respect to U.S. or global economic conditions, including significant turbulence in the capital or financial markets, the impact of any sustained or elevated inflationary environment, the impact of any cyberattack, information or security breach, the effect of technological change, including artificial intelligence and digital assets, the impact of implementation and compliance with current or proposed laws, regulations and regulatory interpretations, including potential increased regulatory requirements, limitations, and costs, such as FDIC special assessments, increases to FDIC deposit insurance premiums, changes in regulatory capital requirements, or limitations on credit card interest rates, along with the risk that such laws, regulations and regulatory interpretations may change, the availability of capital and personnel, changes or enhancements BancShares implements with respect to risk management, technology, personnel, financial service offerings, or other areas, and the risks associated with BancShares' previously completed acquisition transactions, the pending BMO Branch Acquisition, or any future transactions. BancShares' 2025 Share Repurchase Plan announced in July 2025 ("2025 SRP") allows BancShares to repurchase shares of its Class A common stock through 2026. BancShares is not obligated under the 2025 SRP to repurchase any minimum or particular number of shares, and repurchases may be suspended or discontinued at any time (subject to the terms of any Rule 10b5-1 plan in effect) without prior notice. The authorization to repurchase Class A common stock will be utilized at management's discretion. The actual timing and amount of Class A common stock that may be repurchased under the 2025 SRP will depend on a number of factors, including the terms of any Rule 10b5-1 plan then in effect, price, general business and market conditions, regulatory requirements, and alternative investment opportunities or capital needs. Except to the extent required by applicable laws or regulations, BancShares disclaims any obligation to update forward-looking statements or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments. Additional factors which could affect the forward-looking statements can be found in BancShares' Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and its other filings with the SEC. NON-GAAP MEASURES Certain measures in this release, including those referenced as "adjusted" or "excluding PAA," are "non-GAAP," meaning they are numerical measures of BancShares' financial performance, financial position or cash flows that are not presented in accordance with generally accepted accounting principles in the U.S. ("GAAP") because they exclude or include amounts or are adjusted in some way so as to be different than the most direct comparable measures calculated and presented in accordance with GAAP in BancShares' statements of income, balance sheets or statements of cash flows and also are not codified in U.S. banking regulations currently applicable to BancShares. BancShares management believes that non-GAAP financial measures, when reviewed in conjunction with GAAP financial information, can provide transparency about or an alternative means of assessing its operating results, financial position or cash flows to its investors, analysts and management. These non-GAAP measures should be considered in addition to, and not superior to or a substitute for, GAAP measures. Each non-GAAP measure is reconciled to the most comparable GAAP measure in the non-GAAP reconciliation. This information can be found in the Financial Supplement located in the Quarterly Results section of our website at https://ir.firstcitizens.com/financial-information/quarterly-results/default.aspx. View original content to download multimedia:https://www.prnewswire.com/news-releases/first-citizens-bancshares-reports-second-quarter-2026-earnings-302832708.html

This article first appeared on GuruFocus. Adjusted Net Income: $691 million. Adjusted Earnings Per Share (EPS): $57.09. Adjusted Return on Equity (ROE): 12.94%. Adjusted Return on Assets (ROA): 1.18%. Sequential Loan Growth: 1.6%. Sequential Increase in Period-End Deposits: 1.5%. Sequential Expansion in Average Deposits: 2.8%. Share Repurchases: $600 million during the quarter. Prepayments of FDIC Purchase Money Note: $2.5 billion during the quarter, $1 billion in July, totaling $8.5 billion cumulatively. Net Interest Income Increase: $35 million over the linked-quarter. Adjusted Non-Interest Income Increase: $66 million sequentially. Adjusted Non-Interest Expense Increase: $16 million sequentially. Period-End Loan Growth: $2.3 billion or 1.6% sequentially. Period-End Total Deposits Increase: $2.6 billion or 1.5% sequentially. Net Charge-Off Ratio: Improved by one basis point to 29 basis points. Common Shares Repurchased: Over 20% for a total of $6.3 billion. CET1 Ratio: 10.77% at quarter end. Third Quarter Loan Balance Projection: $152 to $155 billion. Third Quarter Deposit Projection: $179 billion to $182 billion. Net Interest Income Guidance: $6.6 to $6.75 billion for the full year. Third Quarter Net Charge-Offs Guidance: 30 to 40 basis points range. Non-Interest Income Guidance: $520 million to $560 million for the third quarter. Third Quarter Expenses Projection: $1.33 billion to $1.37 billion. Tax Rate Expectation: 24.5% to 25.5% for the second quarter and full year 2026. Warning! GuruFocus has detected 4 Warning Signs with FCNCA. Is FCNCA fairly valued? Test your thesis with our free DCF calculator. Release Date: July 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. First Citizens BancShares Inc (NASDAQ:FCNCA) reported strong second quarter performance with adjusted net income of $691 million and adjusted earnings per share of $57.09. The company achieved a 1.6% sequential loan growth, driven by strong performance in Global Fund Banking and tech and healthcare banking. Period-end deposits increased by 1.5% sequentially, showcasing the effectiveness of targeted deposit gathering initiatives. The company returned $600 million to shareholders through share repurchases, demonstrating a commitment to capital efficiency. Credit performance exceeded expectations, with strong asset quality trends and a reduction in allowance for loan losses. The competitive environment for deposits is intense, putting pressure on funding costs and potentially impacting net interest margin improvements. The company anticipates that the bulk of net interest margin benefits from rate hikes will be realized in 2027 rather than late 2026. Non-accrual loans remained slightly elevated, reflecting timing issues in resolving a few large loans. The general bank experienced a modest decline in deposits, although a medium-term recovery is expected. The company is facing challenges in maintaining spreads in a competitive lending environment, particularly in areas like global fund banking. Q: Craig, the NIM came in stronger than expected last quarter. Can you provide an updated outlook and where spot deposit costs stand? A: For the third quarter, we expect both baseline and ex-accretion net interest income to be flat with the second quarter. In terms of the fourth quarter, we anticipate headline net interest income to increase by low single-digit percentage points. Our spot rate for total deposits was 1.99% compared to a 2.07% cost of deposits in the quarter. Q: Regarding capital, with the expected $900 million buyback and the BMO branch deal, how does this affect your CET1 ratio and buyback plans for 2027? A: We expect our CET1 ratio to be toward the higher end of our target range of 10 to 10.5% by year-end, assuming the $900 million of repurchases in the second half. We are preparing for the Basel III proposal and will share more as it becomes finalized. Q: How would your NII and margin projections change if there are no rate hikes and rates stay flat? A: If rates stay flat, we would still project flat net interest income for the third quarter. Our NIM would remain stable, with only minor fluctuations. We expect low single-digit growth in core and excretion NIM, maintaining consistency with current levels. Q: Can you provide an update on the FKSE note paydown strategy and the sources of funds for this? A: The $1.5 billion to $3 billion quarterly paydown is a natural run rate. We will continue to prepay using excess liquidity, Federal Home Loan Bank capacity, long-term debt issuance, and broker deposits if needed. The BMO branch acquisition will also contribute to this liquidity. Q: What is the outlook for loan growth, particularly in SVB commercial and tech, healthcare, and middle market sectors? A: We are positive about loan growth, with strong production and utilization in Global Fund Banking. Tech and healthcare had their highest growth since 2023, and middle market growth is robust due to efforts in transitioning legacy SVB products. We expect continued growth across these sectors. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

First Bancorp (FBNC) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.09%. A quarter ago, it was expected that this bank holding company for First Bank would post earnings of $1.09 per share when it actually produced earnings of $1.13, delivering a surprise of +3.67%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. First Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $127.3 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.46%. This compares to year-ago revenues of $111.02 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. First Bancorp shares have added about 27% since the beginning of the year versus the S&P 500's gain of 9.7%. While First Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for First Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.19 on $128.5 million in revenues for the coming quarter and $4.67 on $507.27 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, First Citizens BancShares (FCNCA), is yet to report results for the quarter ended June 2026. The results are expected to be released on July 23. This bank is expected to post quarterly earnings of $40.45 per share in its upcoming report, which represents a year-over-year change of -9.7%. The consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level. First Citizens BancShares' revenues are expected to be $2.16 billion, down 2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Bancorp (FBNC) : Free Stock Analysis Report First Citizens BancShares, Inc. (FCNCA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Wall Street analysts expect First Citizens BancShares (FCNCA) to post quarterly earnings of $40.45 per share in its upcoming report, which indicates a year-over-year decline of 9.7%. Revenues are expected to be $2.16 billion, down 2% from the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock. While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight. That said, let's delve into the average estimates of some First Citizens metrics that Wall Street analysts commonly model and monitor. Analysts predict that the 'Efficiency Ratio' will reach 62.5%. The estimate is in contrast to the year-ago figure of 63.2%. The collective assessment of analysts points to an estimated 'Net Interest Margin' of 3.1%. Compared to the current estimate, the company reported 3.3% in the same quarter of the previous year. Analysts expect 'Book value per share' to come in at $1766.74 . Compared to the current estimate, the company reported $1637.72 in the same quarter of the previous year. The average prediction of analysts places 'Nonaccrual loans at period end' at $1.36 billion. Compared to the current estimate, the company reported $1.32 billion in the same quarter of the previous year. Analysts' assessment points toward 'Total nonperforming assets' reaching $1.42 billion. The estimate is in contrast to the year-ago figure of $1.42 billion. It is projected by analysts that the 'Average Balance - Total interest-earning assets' will reach $215.57 billion. Compared to the present estimate, the company reported $208.18 billion in the same quarter last year. According to the collective judgment of analysts, 'Net Interest Income' should come in at $1.64 billion. Compared to the present estimate, the company reported $1.70 billion in the same quarter last year. The consensus estimate for 'Total Noninterest Income' stands at $583.90 million. Compared to the current estimate, the company reported $678.00 million in the same quarter of the previous year. Analysts forecast 'Deposit fees and service charges' to reach $72.98 million. Compared to the present estimate, the company reported $59.00 million in the same quarter last year. The combined assessment of analysts suggests that 'Merchant services, net' will likely reach $13.17 million. Compared to the current estimate, the company reported $13.00 million in the same quarter of the previous year. The consensus among analysts is that 'Factoring commissions' will reach $17.94 million. The estimate is in contrast to the year-ago figure of $18.00 million. Based on the collective assessment of analysts, 'Cardholder services, net' should arrive at $39.24 million. Compared to the current estimate, the company reported $41.00 million in the same quarter of the previous year. View all Key Company Metrics for First Citizens here>>> Shares of First Citizens have experienced a change of -0.4% in the past month compared to the -0.6% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), FCNCA is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> . Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Citizens BancShares, Inc. (FCNCA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research