First Citizens Bancshares beats Q3 profit expectations

First Citizens BancShares

23/10/2025 11:40

Overview

First Citizens Q3 adjusted EPS beats analysts' expectations

Adjusted net income exceeds analysts' estimates

$900 mln returned to stockholders via share repurchases

Outlook

Company did not provide specific financial guidance for future quarters or full year

Result Drivers

LOAN AND DEPOSIT GROWTH - All operating segments achieved growth, led by SVB Commercial, according to CEO Frank B. Holding, Jr.

SHARE REPURCHASES - Co returned $900 mln to stockholders through share repurchases, completing the 2024 plan and starting the 2025 plan

BMO BRANCH ACQUISITION - Acquisition of 138 BMO Bank branches to expand footprint and enhance liquidity

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
$44.62
$42.80 (14 Analysts)
Q3 EPS
$43.08
Q3 Adjusted Net Income
Beat
$587 mln
$544.30 mln (12 Analysts)
Q3 Net Income
$568 mln
Q3 Net Interest Income
$1.73 bln
Q3 Net Interest Margin
3.26%
Q3 Provision For Credit Loss
$191 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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 $2,200.00, about 20.1% above its October 21 closing price of $1,758.89

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nPnbPRQ5La

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(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.)