First Citizens Q4 adjusted EPS beats on loan growth

First Citizens BancShares

23/01/2026 11:41

Overview

U.S. bank's Q4 adjusted EPS beat analyst expectations

Adjusted net income for Q4 beat analyst estimates

Company repurchased $900 mln in shares during Q4

Outlook

First Citizens expects BMO branch acquisition to close in second half of 2026

Company maintains strong capital and liquidity positions

First Citizens plans to repurchase shares through 2026 under 2025 Share Repurchase Plan

Result Drivers

LOAN GROWTH - Strong loan growth driven by Global Fund Banking, contributing to overall performance

CREDIT QUALITY - Stable credit quality with a significant decrease in provision for credit losses due to lower net charge-offs and reserve releases

ACQUISITION STRATEGY - BMO branch acquisition expected to expand market presence and deposit base

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
Beat
$51.27
$43.91 (12 Analysts)
Q4 EPS
$45.81
Q4 Adjusted Net Income
Beat
$648 mln
$540.21 mln (9 Analysts)
Q4 Net Income
$580 mln
Q4 Net Interest Income
$1.72 bln
Q4 Provision For Credit Loss
$54 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 6 "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 $2,374.50, about 7.8% above its January 22 closing price of $2,203.53

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

Press Release: ID:nPnc09bGba

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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.)