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Did First Citizens Bancshares beat or miss consensus estimates last quarter?

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What is First Citizens Bancshares's latest dividend and current dividend yield?

- **Record Financials**: Q3 EPS of $44.62, ROE 10.62%, with 2.3% NII growth and stable NIM. 
- **Strategic Expansion**: 138-branch acquisition to enhance deposit liquidity and market reach. 
- **AI-Driven Growth**: $3.5B data center lending portfolio fueled by AI infrastructure demand. 
- **Shareholder Returns**: $900M Q3 share repurchases, CET1 at 11.65%. 
- **Credit Resilience**: Allowance ratio 1.14%, 4.5% decline in criticized assets. 
- **2026 Outlook**: NII trough in Q1, cautious on SVB Commercial utilization variability. 


**【CEO Summary Section】**
- **Strong Financial Performance**: Q3 adjusted EPS of $44.62, ROE of 10.62%, and ROA of 1.01%. Net interest income grew 2.3% sequentially, with stable NIM at 3.26%. 
- **Loan Growth**: 2.5% sequential increase, driven by SVB Commercial (10% growth in Global Fund Banking loans). Deposits rose $3.3 billion (2% sequential), marking 7th consecutive quarter of growth. 
- **Share Repurchases**: Returned $900 million to shareholders, with $4 billion repurchased since July 2024. CET1 ratio at 11.65%. 
- **Strategic Expansion**: Announced 138-branch acquisition from BMO, enhancing deposit liquidity and market reach. 
- **Focus Areas**: Client relationship deepening, operational efficiency, and capital resilience. 

**【CFO Financial Commentary】**
- **Revenue and Margin**: Headline NII up 2.3% sequentially, NIM stable at 3.26%. Noninterest income increased 1% due to asset sales and client fees. 
- **Credit Metrics**: Net charge-offs at 65 basis points (including $82M First Brands loss), allowance ratio 1.14%. 
- **Expense Control**: Adjusted noninterest expense at low end of guidance, up 0.5% sequentially. 
- **Balance Sheet Growth**: Loans $143B-$146B for Q4, deposits $161B-$165B, with cautious outlook for SVB Commercial. 
- **Capital Management**: Q4 share repurchases near $900M, targeting CET1 10.5%-11%. 

**【Q&A Highlights】**
- **NII Outlook**: Trough expected in Q1 2026, with potential for NIM stabilization post-purchase money note repayment. 
- **Loan Growth Cautiousness**: SVB Commercial utilization variability may limit Q4 growth, despite strong pipeline. 
- **AI Impact**: Data center lending ($3.5B) driven by AI demand, contributing to infrastructure financing growth. 
- **Expense Moderation**: Category 3 readiness costs to moderate in 2026, with tech investments supporting scalability. 
- **Credit Quality**: Stable with 4.5% decline in criticized assets, though cautious on CRE stress. 
- **M&A Strategy**: No immediate plans beyond BMO, but open to accretive opportunities post-Category 3 readiness. 


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