First Citizens BancShares Reports Solid Q1 2025 Results

First Citizens BancShares, Inc. Class A ( (FCNCA) ) has released its Q1 earnings. Here is a breakdown of the information First Citizens BancShares, Inc. Class A presented to its investors.

First Citizens BancShares, Inc. is a leading U.S. financial institution headquartered in Raleigh, N.C., providing a wide range of banking services including commercial banking, wealth management, and a nationwide direct bank.

In the first quarter of 2025, First Citizens BancShares reported solid financial results, highlighted by growth in loans and deposits across various segments. The company also maintained strong capital and liquidity positions, enabling significant capital returns to shareholders through share repurchases.

Key financial metrics for the quarter included a net income of $483 million, down from $700 million in the previous quarter, primarily due to increased income tax expenses. Net interest income decreased by $46 million to $1.66 billion, while the net interest margin experienced slight compression. Despite these declines, the company saw growth in loans and deposits, with loans totaling $141.36 billion and deposits reaching $159.33 billion by the end of the quarter.

Noninterest income and expenses also saw changes, with noninterest income decreasing by $64 million and noninterest expenses decreasing by $24 million. The company continued to manage credit quality effectively, with a slight decrease in net charge-offs and stable provisions for credit losses.

Looking ahead, First Citizens BancShares remains optimistic about its future prospects, supported by its robust capital and liquidity positions. The company is well-positioned to navigate the current economic environment and continue delivering value to its shareholders.