Analyst Consensus ?
ConsensusHold11 ratings
Bullish218.2%
Neutral981.8%
Bearish00.0%
First Citizens BancShares, Inc. · FCNCA · FY2025 Q4 · Calendar Q1 2026
First Citizens: Resilient Q4, with rate and integration risks ahead
The current analysis supports a cautiously constructive view of First Citizens’ operating trajectory: resilient earnings, global fund banking momentum, and expansion initiatives provide support, but rate pressure, credit costs, and acquisition execution limit the case for an unqualified positive outlook.
Reported Before market openNASDAQFinancial Services
$26.83B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.51
Consensus $0.44
EPS surprise
+16.5%
Reported versus consensus
Reported revenue
$2.38B
Consensus $2.21B
Revenue surprise
+7.9%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-8.5%
Event window
SPY move
+0.0%
Same window
Abnormal move
-8.5%
Stock minus SPY
Volume
3.6×
Versus trailing sessions
Subsequent drift
-2.5%
Up to 20 sessions
FCNCASPY benchmark
Ask FN2 about FCNCA FY2025 Q4
Transcript, numbers and history already loaded
Why did FCNCA fall 8.5% after beating EPS estimates in FY2025 Q4?What changed in FCNCA's guidance and outlook in FY2025 Q4?Give me the bull and bear case for FCNCA after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, management’s tone was more confident and the focus shifted toward 2026 execution: completing the BMO acquisition, repaying the purchase-money note, and investing in technology, payments, and wealth expansion. The supplied analysis also identifies SVB Commercial as consolidated into the commercial bank segment.
Guidance delta
Management’s outlook remained maintained: modest loan and deposit growth, ongoing net interest margin pressure from rate cuts, and a long-term efficiency-ratio improvement goal.
Key takeaways
- Management described Q4 performance as resilient despite lower rates, with global fund banking leading loan growth.
- 2026 priorities center on client relationships, balance-sheet optimization, technology modernization, payments, and wealth expansion.
- The BMO branch acquisition and purchase-money note repayment are central execution items.
- Rate-driven margin pressure and commercial credit losses remain the main offsets to growth.
Management priorities
- Complete the BMO branch acquisition in H2 2026.
- Accelerate purchase-money note repayment and optimize the balance sheet.
- Modernize technology, payments, digital channels, and wealth capabilities.
- Improve the efficiency ratio over the long term.
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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 | — | +0.5% | First Citizens: Strong Q3 Growth, Higher 2026 Guidance |
| FCNCO First Citizens BancShares, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +0.3% | First Citizens reports strong Q3 growth and raises guidance |
| FCNCP First Citizens BancShares, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +1.0% | First Citizens: Strong Q3 growth supports a raised outlook |
| AXP American Express Company | FY2026 Q3 · Calendar Q4 2026 | — | -3.6% | American Express raises EPS outlook as premium cards and AI drive growth |
| 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
- RITM-PDFY2026 Q3 · October 23, 2026+10.2% EPS— move
- FIXFY2026 Q3 · October 22, 2026+8.2% EPS-8.5% move
- DECKFY2027 Q2 · October 22, 2026+13.4% EPS-0.2% move
- OMCFY2026 Q3 · October 22, 2026+2.2% EPS+2.6% move
- SSNCFY2026 Q3 · October 22, 2026+0.6% EPS+2.8% move
- BEFY2026 Q3 · October 22, 2026+36.0% EPS-8.7% move
Missed on EPS
- 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
- HBANPFY2026 Q3 · October 22, 2026-5.3% EPS0.0% 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 · 2026-10-24T02:20:43.067859+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-24T02:20:43.065144+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.