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First Citizens BancShares, Inc. Class A (FCNCA)
NASDAQ:FCNCA
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
39.98Last Year’s EPS
37.79Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a balanced message: solid profitability, tangible book growth, meaningful share repurchases, strong loan production particularly in global fund banking, and sequential improvements in certain credit metrics. However, margin pressure from lower rates, elevated and persistent expense headwinds (technology, personnel, marketing), a decline in CET1 capital due to repurchases and loan growth, and continued concentration of credit losses in specific portfolios temper the optimism. Management expects NII to trough in 2026, plans continued investments that keep near-term expenses elevated, and outlines a path to repay the purchase money note while managing liquidity and capital.Company Guidance
Strong Earnings and Returns
Adjusted EPS of $51.27 and adjusted net income of $648 million in Q4; adjusted ROE 11.93% and adjusted ROA 1.1%. Adjusted EPS increased $6.65 sequentially.
Tangible Book and Share Repurchases
Tangible book value per share grew 11% year-over-year and 3% sequentially. Repurchased $900 million of stock in Q4 and ~$4.9 billion total since July 2024 (repurchased ~18.3% of class A shares / ~17% of total common shares). Completed ~30% of the $4 billion board-authorized repurchase program.
Loan Growth Led by Global Fund Banking
Period-end loans rose $3.2 billion (2.2% sequentially), driven by global fund banking where loans increased $3.8 billion sequentially. Loan production exceeded $5 billion in the quarter (highest since acquisition).
Average Deposit Growth and Off-Balance-Sheet Momentum
Average deposits increased approximately $2.6 billion (about 1.6% sequentially). SVB commercial off-balance-sheet client funds totaled $69.7 billion, up $2.7 billion sequentially (average off-balance-sheet funds up $3.1 billion).
Noninterest Income Strength
Adjusted noninterest income rose ~2% sequentially, led by rental income on operating leases (larger fleet, lower maintenance), wealth management (higher AUM and brokerage sales), international factoring and deposit service charges. Q1 noninterest income guide $500–$530 million; FY guide $2.1–$2.2 billion.
Improvement in Credit Metrics Sequentially
Provision for credit losses declined $137 million sequentially. Net charge-offs fell $91 million to $143 million (39 bps annualized). Reserve release increased $66 million sequentially, reflecting mix shift to higher credit quality and improved macro outlook.
Progress on Strategic and Technology Initiatives
Management reports simplification and modernization progress (e.g., reducing >1/3 of applications, consolidating data centers from eight toward two). Expect peak technology spend in 2026 with a path toward improved operating leverage over time.
Liquidity and Cash Position
Liquidity described as strong; cash is roughly 10% of earning assets and firm intends to manage to an ~8–10% range. Initial $2.5 billion prepayment made on the FDIC purchase money note.
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 |
|---|---|---|---|
Jan 23, 2026 | $2203.53 | $2016.56 | -8.49% |
Oct 23, 2025 | $1740.55 | $1749.57 | +0.52% |
Jul 25, 2025 | $2109.43 | $2091.67 | -0.84% |
Apr 24, 2025 | $1766.48 | $1785.03 | +1.05% |
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, Inc. Class A (FCNCA) report earnings?
First Citizens BancShares, Inc. Class A (FCNCA) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is First Citizens BancShares, Inc. Class A (FCNCA) earnings time?
First Citizens BancShares, Inc. Class A (FCNCA) earnings time is at Apr 23, 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 (Q1) is 39.98.
