Q4 2025 First Citizens BancShares Inc (Delaware) Earnings Call Transcript
Key Points
- First Citizens BancShares Inc (FCNCA) reported adjusted earnings per share of $51.27, exceeding expectations despite lower interest rates.
- The company achieved an adjusted return on equity (ROE) of 11.93% and an adjusted return on assets (ROA) of 1.1%, indicating strong financial performance.
- Loan growth was robust, with a $3.2 billion increase driven by the global fund banking business within SVB Commercial.
- Average deposits increased by $2.6 billion, reflecting strong customer retention and acquisition across commercial and general bank segments.
- The company returned $900 million to shareholders through share repurchases, moving closer to long-term capital targets.
- Deposits declined by $1.16 billion sequentially, primarily due to anticipated shifts in off-balance sheet client funds and seasonal distributions.
- Net interest income declined by $12 million sequentially, aligned with guidance, due to lower yields on earning assets.
- Adjusted non-interest expenses increased by $89 million, driven by higher personnel, technology, and marketing costs.
- The company anticipates continued elevated losses in certain portfolios, including commercial bank general office and equipment finance.
- The pace of repayment for the FDIC Purchase Money Note is expected to be slower, with a minimum of $500 million to $1 billion per month.
Ladies and gentlemen, thank you for standing by, and welcome to the First Citizens BancShares fourth quarter 2025 earnings conference call. (Operator Instructions) As a reminder, today's conference is being recorded. I would now like to introduce the host of this conference call, Ms. Deanna Hart, Head of Investor Relations. You may begin.
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Good morning. Welcome to First Citizens fourth quarter 2025 earnings call. Joining me on the call today are our Chairman and Chief Executive Officer Frank Holding; and Chief Financial Officer Craig Nix. They will provide fourth quarter business and financial updates referencing our earnings call presentation, which you can find on our website.
Our comments will include forward-looking statements which are subject to risks and uncertainties that may cause actual results to differ materially from expectations. We assume no obligation to update such statements. These risks are outlined on page 3 of the
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