First Citizens Bancshares Q3 Net Income Slightly Decreases

By Greg Peters • Thursday, October 23 12:26 • Permanent Link

First Citizens Bancshares, Inc. ("Bancshares") (NASDAQ: FCNCA) has reported its earnings for the third quarter of 2025. The company's net income for the quarter was $568 million, a slight decrease from the previous quarter's net income of $575 million.

Adjusted net income for the current quarter was $587 million, compared to $607 million for the linked quarter. Net interest income for the current quarter was $1.73 billion, representing an increase of $39 million over the linked quarter.

The net interest margin (NIM) remained stable at 3.26% in both the current and linked quarters, but NIM, excluding purchase accounting accretion, was 3.15%, a slight increase from the linked quarter's 3.14%.

Noninterest income was $699 million, compared to $678 million in the linked quarter, an increase of $21 million. Adjusted noninterest income was $518 million, compared to $513 million in the linked quarter, an increase of $5 million.

Loans and leases for the third quarter were $144.76 billion, representing an increase of $3.49 billion or 2.5% from the previous quarter. Deposits also saw growth, reaching $163.19 billion, an increase of $3.26 billion or 2.0% since the previous quarter.

The provision for credit losses totaled $191 million for the current quarter, compared to $115 million for the linked quarter. Net charge-offs for the current quarter were $234 million, compared to $119 million for the linked quarter.

First Citizens Bancshares also provided insights into its capital and liquidity positions, reporting that capital ratios remained well above regulatory requirements. The estimated total risk-based capital, tier 1 risk-based capital, common equity tier 1 risk-based capital, and tier 1 leverage ratios were 14.05%, 12.15%, 11.65%, and 9.34%, respectively, at September 30, 2025.

The company completed its share repurchase program announced in July 2024 and began repurchasing shares under a new program announced in July 2025. During the current quarter, the company repurchased 457,350 shares of its class A common stock for $900 million and paid a dividend of $1.95 per share on its class A and class B common stock.

In addition, First Citizens Bancshares announced the acquisition of 138 branches from BMO Bank N.A., which is expected to close in mid-2026, subject to customary closing terms and conditions and regulatory approvals.

For further details and a comprehensive discussion of the company's financial results, Bancshares will host a conference call on Thursday, October 23, 2025, at 9 a.m. Eastern Time. Following these announcements, the company's shares moved -0.93%, and are now trading at a price of $1742.49. Check out the company's full 8-K submission here.

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