Analyst Consensus ?
ConsensusHold11 ratings
Bullish218.2%
Neutral981.8%
Bearish00.0%
First Citizens BancShares, Inc. · FCNCA · FY2025 Q3 · Calendar Q4 2025
First Citizens beats estimates while flagging rate and credit risks
First Citizens delivered a strong quarter with an adjusted EPS beat, continued deposit growth, and support from Global Fund Banking and wealth services. The evidence is constructive on current earnings power, but the next phase depends on rate sensitivity, credit quality, SVB Commercial stability, and execution of the BMO branch acquisition.
Reported Before market openNASDAQFinancial Services
$26.83B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$44.62
Consensus $41.87
EPS surprise
+6.6%
Reported versus consensus
Reported revenue
$2.43B
Consensus $2.22B
Revenue surprise
+9.6%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.5%
Event window
SPY move
+0.6%
Same window
Abnormal move
-0.1%
Stock minus SPY
Volume
0.9×
Versus trailing sessions
Subsequent drift
+4.0%
Up to 20 sessions
FCNCASPY benchmark
Ask FN2 about FCNCA FY2025 Q3
Transcript, numbers and history already loaded
Why did FCNCA rise 0.5% after beating EPS estimates in FY2025 Q3?What changed in FCNCA's guidance and outlook in FY2025 Q3?Give me the bull and bear case for FCNCA after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The quarter added a planned acquisition of 138 BMO branches, a $900 million Q3 share repurchase, and an $82 million charge-off tied to the First Brands bankruptcy. Management also described AI-driven fraud detection deployment and remained cautious on rates, SVB Commercial volatility, and credit conditions.
Guidance delta
Maintained. Management remained cautious on the SVB Commercial outlook, potential rate cuts, and Q4 moderation in Global Fund Banking utilization.
Key takeaways
- Adjusted EPS was $44.62, above the $41.87 estimate.
- Loan growth was driven primarily by Global Fund Banking, while utilization is expected to moderate in Q4.
- Deposits increased for a seventh consecutive quarter, supported by SVB Commercial and General Bank.
- The bank repurchased $900 million of stock in Q3 and continues targeting $600–$900 million per quarter.
- Management announced plans to acquire 138 BMO branches and highlighted macro and credit uncertainty.
Management priorities
- Close the acquisition of 138 BMO branches by mid-2026.
- Continue share repurchases while managing the CET1 ratio.
- Advance Category 3 regulatory readiness, targeted for completion in early 2026.
- Pay down the purchase-money note to reduce asset sensitivity.
- Expand deposits through branch growth and digital capabilities.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$2,375.84Current
$1,650Low
$2,268.33Average
$2,600High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 24, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Neutral | Neutral | Maintain | Oct 1, 2026 |
| Truist Securities | Hold | Hold | Maintain | Jul 28, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Jul 27, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jul 27, 2026 |
| Keefe, Bruyette & Woods | Market Perform | Outperform | Downgrade | Jul 9, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Jul 7, 2026 |
| TD Cowen | Buy | Buy | Maintain | Apr 27, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Jan 26, 2026 |
| UBS | Buy | Buy | Maintain | Nov 5, 2025 |
| Wedbush | Neutral | Neutral | Maintain | Oct 25, 2024 |
| DA Davidson | Neutral | Neutral | Maintain | Mar 28, 2023 |
Named analyst price targets
Upside is calculated against the persisted current price $2,375.84. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Jefferies | David Chiaverini | $2,550 | $2,375.95 | +7.3% | Oct 23, 2026 |
| Truist Financial | Analyst unavailable | $2,323 | $2,182 | -2.2% | Jul 28, 2026 |
| Barclays | Jason Goldberg | $2,376 | $2,160.65 | +0.0% | Jul 27, 2026 |
| Jefferies | Analyst unavailable | $2,300 | $2,204.03 | -3.2% | Jul 23, 2026 |
| Goldman Sachs | Ryan Nash | $2,340 | $2,117.35 | -1.5% | Jul 7, 2026 |
| Fundamental Research | Analyst unavailable | $2,350 | $2,080.79 | -1.1% | Jul 1, 2026 |
| Piper Sandler | Analyst unavailable | $2,050 | $1,976.37 | -13.7% | Apr 24, 2026 |
| UBS | Analyst unavailable | $2,325 | $2,043.97 | -2.1% | Feb 4, 2026 |
| Piper Sandler | Analyst unavailable | $2,100 | $1,980.05 | -11.6% | Jan 29, 2026 |
| Truist Financial | Analyst unavailable | $2,150 | $2,014.66 | -9.5% | Jan 26, 2026 |
| Barclays | Jason Goldberg | $2,346 | $2,016.56 | -1.3% | Jan 26, 2026 |
| UBS | Nicholas Holowko | $2,500 | $2,191.87 | +5.2% | Jan 6, 2026 |
| Goldman Sachs | Analyst unavailable | $2,300 | $2,182.61 | -3.2% | Jan 6, 2026 |
| Barclays | Analyst unavailable | $2,456 | $2,158.64 | +3.4% | Jan 5, 2026 |
| UBS | Analyst unavailable | $2,250 | $1,816.2 | -5.3% | Nov 5, 2025 |
| Piper Sandler | Analyst unavailable | $2,000 | $1,783.7 | -15.8% | Oct 24, 2025 |
| Raymond James | Analyst unavailable | $2,100 | $1,759.68 | -11.6% | Oct 7, 2025 |
| Truist Financial | Analyst unavailable | $2,000 | $1,742.68 | -15.8% | Oct 3, 2025 |
| Piper Sandler | Stephen Scouten | $2,150 | $2,096.04 | -9.5% | Jul 28, 2025 |
| UBS | Nichola Holowko | $2,410 | $2,066.2 | +1.4% | Jul 9, 2025 |
| Deutsche Bank | Bernard von-Gizycki | $2,600 | $2,196.6 | +9.4% | Dec 9, 2024 |
| Wedbush | David Chiaverini | $2,150 | $1,955.89 | -9.5% | Sep 24, 2024 |
| Raymond James | David Long | $1,900 | $1,697.56 | -20.0% | Jul 2, 2024 |
| Piper Sandler | Stephen Scouten | $1,950 | $1,800.35 | -17.9% | Apr 26, 2024 |
| D.A. Davidson | Kevin Fitzsimmons | $1,650 | $1,569.17 | -30.6% | Apr 15, 2024 |
| Barclays | Jason Goldberg | $1,850 | $1,607.61 | -22.1% | Apr 11, 2024 |
| Goldman Sachs | Ryan Nash | $1,950 | $1,613.63 | -17.9% | Mar 21, 2024 |
| Wedbush | David Chiaverini | $1,700 | $1,349.76 | -28.4% | Oct 5, 2023 |
Track every rating change on FCNCA the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationFirst Citizens BancShares, Inc. (FCNCA) functions as the parent company for First-Citizens Bank & Trust Company, offering a comprehensive suite of retail and commercial banking services to individuals, businesses, and professionals. Its deposit offerings encompass various account types, including checking, savings, money market, and certificates of deposit (time deposit accounts). The company's loan portfolio is extensive, featuring commercial credits for construction and land development, commercial mortgages, commercial and industrial (C&I) financing, and lease financing. It also provided Small Business Administration (SBA) Paycheck Protection Program (PPP) loans. For consumers, loan options span residential and revolving mortgages, construction and land development loans, auto financing, and various other personal lending products.…
Historical context
All FCNCA earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FCNCN First Citizens BancShares, Inc. Depositary Shares, each representing a 1/40th interest in a share of 6.625% Non-Cumulative Perpetual Preferred Stock, Series E | FY2026 Q3 · Calendar Q4 2026 | +19.9% | +0.2% | First Citizens raises 2026 outlook after strong Q3 growth |
| FCNCO First Citizens BancShares, Inc. | FY2026 Q3 · Calendar Q4 2026 | +19.9% | +1.0% | First Citizens raises guidance after strong Q3 loan and deposit growth |
| FCNCP First Citizens BancShares, Inc. | FY2026 Q3 · Calendar Q4 2026 | +19.9% | +1.0% | First Citizens reports strong Q3 and raises 2026 guidance |
| AXP American Express Company | FY2026 Q3 · Calendar Q4 2026 | +4.0% | -3.7% | American Express raises EPS outlook as premium growth and AI expand |
| BBD Banco Bradesco S.A. | FY2026 Q3 · Calendar Q4 2026 | -7.7% | +3.0% | Bradesco: Loan growth and capital strength offset credit risks |
| BBDO Banco Bradesco S.A. | FY2026 Q3 · Calendar Q4 2026 | — | +1.7% | Bradesco: Loan growth and capital strength remain central |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the FCNCA recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-24T08:50:43.316853+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-24T08:50:43.314180+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-24. For educational purposes only; not investment advice.