- **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. 


First Citizens BancShares, Inc. (FCNCA) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

FCNCA

FCNCA fundamentals

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