First Citizens BancShares (FCNCA)
NASDAQ:FCNCA
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Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
40.1Last Year’s EPS
44.78Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: the firm delivered solid operational results (strong deposit growth, off-balance sheet inflows, record global fund banking production, expense discipline, and substantial buybacks/prepayments) and maintained or improved several guidance items. However, material headwinds persist from lower interest rates causing NII and NIM compression, some near-term credit concentration items and deposit composition volatility, and a deliberate moderation of buybacks to maintain capital buffers. Management emphasized disciplined capital and liquidity positioning and a confident strategic roadmap while noting ongoing macro uncertainty.Company Guidance
Strong Adjusted Earnings and Profitability Metrics
Reported adjusted EPS of $44.86 and net income of $560 million for the quarter; adjusted ROE of 10.39% and ROA of 0.97%.
Robust Deposit Growth
Period-end deposits increased $9.3 billion, up 5.7% sequentially, driven by tech & health care, global fund banking, the General Bank and the direct bank.
Off-Balance Sheet Momentum
SVB commercial client funds rose $8.1 billion to nearly $78 billion; average off-balance sheet client funds increased by $3.9 billion sequentially, helping mitigate fee pressure from the rate environment.
Record Global Fund Banking Production and Loan Growth
Global Fund Banking delivered record production of over $6 billion (up ~$1 billion period-over-period); period-end loans grew $762 million (0.5% sequentially) and average loans increased $2.2 billion sequentially.
Cost Discipline and Expense Improvement
Adjusted noninterest expense declined $38 million sequentially (including $16 million lower professional fees and $15 million lower marketing), outperforming prior guidance and enabling margin protection versus NII headwinds.
Substantial Share Repurchases and Capital Actions
Returned $900 million to shareholders in Q1, with $5.7 billion repurchased to date (over 20% of common shares outstanding since 2025). Completed $2.5 billion prepayment to FDIC promissory note in Q1 and $5.5 billion total prepayments to date.
Proactive Capital Management and Regulatory Tailwinds
CET1 at 10.83% (down 32 bps sequentially) with a new internal target range of 10.0%–10.5%. Initial assessment of Basel III proposal indicates a potential 70–100 bps benefit to CET1 under the proposed standardized approach.
Maintained / Improved Guidance in Key Areas
Reiterated loan and deposit guidance ranges (Q2 loans $149B–$152B; FY loans $153B–$157B; Q2 deposits $171B–$174B; FY deposits $181B–$186B). Raised FY adjusted noninterest income guidance to $2.12B–$2.22B and tightened FY noninterest expense range to $5.34B–$5.43B.
Strategic Growth Initiatives
Announced acceleration of strategic roadmap (payments, international banking, digital assets) and a transition to a united brand with innovation banking and fund banking sub-brands to drive future growth.
FCNCA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FCNCA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $2045.85 | $1976.37 | -3.40% |
Jan 23, 2026 | $2201.22 | $2014.44 | -8.49% |
Oct 23, 2025 | $1738.73 | $1747.74 | +0.52% |
Jul 25, 2025 | $2107.21 | $2089.48 | -0.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does First Citizens BancShares (FCNCA) report earnings?
First Citizens BancShares (FCNCA) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is First Citizens BancShares (FCNCA) earnings time?
First Citizens BancShares (FCNCA) earnings time is at Aug 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FCNCA EPS forecast?
FCNCA EPS forecast for the fiscal quarter 2026 (Q2) is 40.1.
