First Citizens BancShares Q2 adjusted EPS beats estimates, $4 bln buyback announced

First Citizens BancShares

25/07/2025 11:41

Overview

First Citizens BancShares Q2 adjusted EPS beats analyst expectations, per LSEG data

Co announces $4 bln share repurchase plan following $3.5 bln plan

Diane Morais appointed to Board of Directors

Outlook

Company announces $4 bln share repurchase plan, which will start upon completion of ongoing $3.5 billion share repurchase plan

Result Drivers

NET INTEREST INCOME - Increased by $32 mln to $1.70 bln due to higher interest income from loans and deposits

NONINTEREST INCOME - Rose by $43 mln, driven by positive changes in customer derivative positions and investments

CREDIT LOSSES - Provision decreased by $39 mln due to lower net charge-offs and a reserve release

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$44.78
$39.3 (14 Analysts)
Q2 EPS
$42.36
Q2 Adjusted Net Income
Beat
$607 mln
$513.10 mln (12 Analysts)
Q2 Net Income
$575 mln
Q2 Net Interest Income
$1.70 bln
Q2 Net Interest Margin
3.3%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for First Citizens BancShares Inc (Delaware) is $2,175.00, about 2.8% above its July 24 closing price of $2,113.83

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nPn3nkqNQa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)