First Citizens Bancshares Reports $575M Q2 Net Income

By Greg Peters • Friday, July 25 12:08 • Permanent Link

First Citizens Bancshares, Inc. reported solid financial results for the second quarter of 2025, with net income at $575 million, an increase from $483 million in the previous quarter. Adjusted net income for the current quarter was $607 million, up from $528 million in the linked quarter.

Net interest income totaled $1.70 billion for the current quarter, with net interest margin remaining stable at 3.26%. Net interest income, excluding purchase accounting accretion, increased to $1.63 billion from $1.59 billion in the linked quarter.

Noninterest income was $678 million, up from $635 million in the linked quarter, primarily due to an increase in other noninterest income of $28 million.

Loans and leases totaled $141.27 billion at the end of the second quarter, a decrease of $89 million compared to the previous quarter. Total investment securities were $43.35 billion, a decrease of $973 million since the end of the previous quarter.

Deposits increased to $159.94 billion, with noninterest-bearing deposits representing 25.6% of total deposits. The cost of average total deposits decreased to 2.27% for the current quarter from 2.32% in the linked quarter.

The provision for credit losses totaled $115 million for the current quarter, down from $154 million for the linked quarter. Net charge-offs decreased to $119 million from $144 million in the linked quarter.

Capital ratios remained strong, with the estimated total risk-based capital, tier 1 risk-based capital, common equity tier 1 risk-based capital, and tier 1 leverage ratios at 14.25%, 12.63%, 12.12%, and 9.64%, respectively, at the end of the second quarter.

During the quarter, the company repurchased 338,959 shares of its class A common stock for $613 million and paid a dividend of $1.95 per share on its class A and class B common stock.

The liquidity position remained strong, with liquid assets at $63.62 billion at the end of the second quarter.

First Citizens Bancshares also announced an additional share repurchase plan for the repurchase of up to $4.0 billion of its class A common shares, reflecting its commitment to long-term value creation and delivering returns to stockholders.

As a result of these announcements, the company's shares have moved -2.06% on the market, and are now trading at a price of $2113.83. Check out the company's full 8-K submission here.

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