The earnings call highlighted strong financial performance and strategic growth initiatives, including share repurchases and successful integration of SVB. However, challenges such as margin compression, increased expenses, and credit concerns in certain portfolios were noted. The overall sentiment leans positive due to exceeding financial expectations and a promising outlook for 2025.

Company Guidance

During the First Citizens BancShares fourth quarter 2024 earnings call, the company provided guidance for 2025 with a focus on several key metrics. They reported adjusted earnings per share of $45.10 and emphasized strong performance across all operating segments, with loan and deposit growth observed throughout the quarter. The return on equity (ROE) and return on assets (ROA) were 11.51% and 1.14%, respectively, with an adjusted efficiency ratio of 57%. They managed to repurchase 6.44% of Class A common stock, indicating a focus on optimizing their capital position. For 2025, they anticipate loans to be in the range of $144 billion to $147 billion and deposits between $162 billion to $167 billion. The guidance projects headline net interest income to be between $6.6 billion and $7 billion. They also plan to maintain a CET1 capital ratio of 10.5% to 11% by the end of 2025. The company highlighted a focus on operational efficiency, balance sheet optimization, and prudent risk management as part of their strategic priorities for 2025.

Strong Financial Performance

Adjusted earnings per share of $45.10, exceeding expectations with higher core PPNR.

SVB Segment Growth

SVB experienced loan and deposit growth; total client funds showed solid annualized growth.

Share Repurchase Progress

Repurchased an additional 3.5% of Class A common stock, totaling 6.44% since the inception of the plan.

Loan and Deposit Growth

Broad-based loan growth across segments, with deposits increasing by $3.7 billion, or 2.4% sequentially.

Positive Outlook for 2025

Anticipated loan growth and strategic focus on operational efficiency and capital optimization.

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First Citizens BancShares (FCNCA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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FCNCA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 26, 2018	2018 (Q2)	- / 7.77	11.212	-30.72% (-3.44)	―	―
Oct 24, 2018	2018 (Q3)	- / 9.80	5.584	75.50% (+4.22)	―	―
Jan 30, 2019	2018 (Q4)	- / 7.62	4.53	68.21% (+3.09)	―	―
Apr 30, 2019	2019 (Q1)	- / 9.67	8.345	15.84% (+1.32)	―	―
Jul 30, 2019	2019 (Q2)	- / 10.57	7.768	36.14% (+2.81)	―	―
Oct 29, 2019	2019 (Q3)	- / 11.28	9.8	15.12% (+1.48)	―	―
Jan 28, 2020	2019 (Q4)	- / 9.56	7.62	25.41% (+1.94)	―	―
Apr 28, 2020	2020 (Q1)	- / 5.46	9.667	-43.53% (-4.21)	―	―
Jul 28, 2020	2020 (Q2)	- / 14.74	10.575	39.42% (+4.17)	―	―
Oct 16, 2020	2020 (Q3)	- / 14.03	11.282	24.39% (+2.75)	―	―

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

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FCNCA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 24, 2025	$2216.49	$2225.00	+0.38%
Oct 24, 2024	$2080.84	$1878.35	-9.73%
Jul 25, 2024	$1859.16	$2047.63	+10.14%
Apr 25, 2024	$1635.34	$1795.64	+9.80%

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.

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