Global Finance News
28 Jul 2025, 09:43
First Citizens BancShares Q2 2025 Earnings Summary – July 25, 2025
• Net income rose to $575 million from $483 million in Q1.
• Adjusted net income reached $607 million, up from $528 million.
• Earnings per share: $42.36 GAAP, $44.78 adjusted (vs. $34.47 and $37.79 in Q1).
• Net interest income increased to $1.70 billion; NIM held steady at 3.26%.
• Deposits grew 1.5% to $159.94 billion.
• Loan balances were mostly flat at $141.27 billion, with declines in SVB Commercial offsetting growth in other segments.
• Provision for credit losses dropped to $115 million (from $154M), with net charge-offs declining to 0.33%.
• Capital return: $613 million in stock repurchases during Q2; new $4B buyback plan announced following near-completion of the prior $3.5B program.
• Capital ratios remain strong; CET1 at 12.12%.
• Liquidity rose to $63.62 billion.
CEO Frank Holding emphasized continued earnings strength, prudent capital management, and the appointment of Diane Morais to the Board.
Additionally, the Board of Directors of has declared the following dividends on the company's common and preferred stock, in each case to be paid on September 15, 2025, to holders of record as of August 29, 2025:
A quarterly common stock dividend of $1.95 per share on the company's Class A and Class B common stock.
A regular quarterly dividend of $13.4375 per share on the company's 5.375% non-cumulative perpetual preferred stock, Series A, resulting in a distribution of $0.335938 per depositary share.
A dividend of $21.617758 per share on the company's fixed-to-floating rate, non-cumulative perpetual preferred stock, Series B.
A regular quarterly dividend of $0.351563 per share on the company's 5.625% non-cumulative perpetual preferred stock, Series C.
• Net income rose to $575 million from $483 million in Q1.
• Adjusted net income reached $607 million, up from $528 million.
• Earnings per share: $42.36 GAAP, $44.78 adjusted (vs. $34.47 and $37.79 in Q1).
• Net interest income increased to $1.70 billion; NIM held steady at 3.26%.
• Deposits grew 1.5% to $159.94 billion.
• Loan balances were mostly flat at $141.27 billion, with declines in SVB Commercial offsetting growth in other segments.
• Provision for credit losses dropped to $115 million (from $154M), with net charge-offs declining to 0.33%.
• Capital return: $613 million in stock repurchases during Q2; new $4B buyback plan announced following near-completion of the prior $3.5B program.
• Capital ratios remain strong; CET1 at 12.12%.
• Liquidity rose to $63.62 billion.
CEO Frank Holding emphasized continued earnings strength, prudent capital management, and the appointment of Diane Morais to the Board.
Additionally, the Board of Directors of has declared the following dividends on the company's common and preferred stock, in each case to be paid on September 15, 2025, to holders of record as of August 29, 2025:
A quarterly common stock dividend of $1.95 per share on the company's Class A and Class B common stock.
A regular quarterly dividend of $13.4375 per share on the company's 5.375% non-cumulative perpetual preferred stock, Series A, resulting in a distribution of $0.335938 per depositary share.
A dividend of $21.617758 per share on the company's fixed-to-floating rate, non-cumulative perpetual preferred stock, Series B.
A regular quarterly dividend of $0.351563 per share on the company's 5.625% non-cumulative perpetual preferred stock, Series C.
