Q3 2025 First Citizens BancShares Inc (Delaware) Earnings Call Transcript
Key Points
- First Citizens BancShares Inc (FCNCA) reported strong net interest income growth and stable adjusted non-interest expenses, staying within the lower end of their guidance range.
- The company achieved a 2.5% loan growth over the linked-quarter, with significant contributions from the SDB commercial segment.
- Deposits increased by $3.3 billion or 2% sequentially, marking the 7th consecutive quarter of deposit growth.
- The company maintained strong capital and liquidity positions, allowing for $900 million in share repurchases during the quarter.
- First Citizens BancShares Inc (FCNCA) announced an agreement to purchase 138 branches from BMO Bank, expanding their market presence.
- The company faced an $82 million charge-off related to the First Brands bankruptcy, impacting net charge-offs for the quarter.
- Net charge-offs increased by $115 million to $234 million, with a significant portion attributed to the First Brands bankruptcy.
- The allowance ratio decreased by 4 basis points to 1.14%, driven by improvements in the macroeconomic outlook and other factors.
- The company remains cautious about the forward-looking impact on the balance sheet, given known outflows and the state of the innovation landscape.
- Adjusted non-interest expense is expected to increase modestly in the fourth quarter due to investments in category 3 readiness and seasonal expenses.
Ladies and gentlemen, thank you for standing by. And welcome to the First Citizens Bank Show, 3rd quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question-and-answer session. To ask a question during the session, you need to press 1 on your telephone. If you require operator assistance during the program, please press star, then 0. As a reminder, today's conference is being recorded. I would now like to introduce the host of this conference call, Ms. Deanna Hart, of investor relations, you may begin.
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Good morning. Welcome to First Citizens 3rd quarter earnings call. Joining me on the call today are our Chairman and Chief Executive Officer Frank Holding and Chief Financial Officer Craig Nicks. They will provide 3rd quarter business and financial updates referencing our earnings presentation, which you can find on our website.
Our comments will
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