First Citizens BancShares Inc. reports developments for a U.S. super-regional banking company operating through First Citizens Bank, with business banking, branch banking, commercial lending, treasury and liquidity management, wealth-related services, and railcar leasing. News commonly covers earnings, loan and deposit trends, credit quality, capital returns, dividends on common and preferred stock, and debt or equity capital activity.
Company updates also follow First Citizens Bank’s commercial banking expansion, regional leadership appointments, and specialized lending through Silicon Valley Bank, a division serving technology, life science and healthcare, private equity, and venture capital clients. Recurring customer-finance announcements include warehouse credit, energy finance, and sector-focused banking services.
First Citizens BancShares (Nasdaq: FCNCA) reported strong Q2 2025 earnings with net income of $575 million, up from $483 million in Q1. Earnings per share reached $42.36, increasing from $34.47 in the previous quarter. The bank announced a new $4.0 billion share repurchase plan, following their current $3.5 billion program.
Key financial metrics include net interest income of $1.70 billion, a net interest margin of 3.26%, and total deposits of $159.94 billion (1.5% annualized growth). The bank maintained strong credit quality with net charge-offs at 0.33% of average loans. Capital ratios remained robust with Common equity Tier 1 at 12.12%.
During Q2, the bank repurchased 338,959 shares for $613 million and paid a dividend of $1.95 per share. The company's liquidity position strengthened with liquid assets reaching $63.62 billion.
First Citizens BancShares (Nasdaq: FCNCA) has announced its quarterly dividend distributions for common and preferred stockholders. The company declared a quarterly dividend of $1.95 per share for both Class A and Class B common stock.
Additionally, FCNCA announced dividends for three preferred stock series: Series A at $13.4375 per share ($0.335938 per depositary share), Series B at $21.617758 per share, and Series C at $0.351563 per share. All dividends will be paid on September 15, 2025, to shareholders of record as of August 29, 2025.
First Citizens Bank (NASDAQ:FCNCA) has appointed Israel Gibbs as Area Executive for its North Florida market, focusing on the Jacksonville region. Gibbs, a veteran banker with over 20 years of experience, will lead business and branch banking operations in the area.
Previously serving as Area Executive for the Dallas market, Gibbs has been with First Citizens since 2007, holding various roles in commercial and retail banking. The bank has maintained a strong presence in Florida for over two decades, currently operating 26 branch locations with more than 1,000 associates in the state.
First Citizens BancShares (NASDAQ: FCNCA) has scheduled its second quarter 2025 earnings conference call and webcast for Friday, July 25, 2025, at 9:00 AM Eastern time. The financial results for the quarter ended June 30, 2025, will be released before U.S. markets open on the same day.
Participants can pre-register for the webcast through the provided link, and telephone access will be available for both North American and international callers. The investor presentation and webcast link will be accessible on the company's investor relations website prior to the call, with a replay available afterward.
First Citizens BancShares (NASDAQ:FCNCA) has appointed Diane Morais to its board of directors, effective July 1, 2025. Morais brings over 30 years of financial services experience, most recently serving as President of Consumer and Commercial Banking at Ally Bank from 2017 to 2024.
At Ally, Morais played a key role in launching the Ally brand in 2009 and oversaw various divisions including deposits, online brokerage, mortgage, credit card, and corporate finance. Her prior experience includes senior positions at Bank of America and Citibank. She will serve on the Joint Risk Committee and Joint Technology Committee of First Citizens.
First Citizens Bank (NASDAQ:FCNCA) and Merlo America LLC have announced a new vendor finance agreement to provide leasing and lending solutions for Merlo's construction and agricultural equipment customers. Merlo America, the North American subsidiary of Italy-based Merlo S.p.A, is known for producing telehandlers and machinery for agricultural, tree care, industrial, and construction applications.
Through this partnership, First Citizens Bank Equipment Finance will offer financing options to help Merlo customers acquire equipment for their business operations. The agreement leverages First Citizens Bank's Equipment Finance group's capabilities, including their sales coverage model, technology platforms, and structuring expertise.
First Citizens BancShares (FCNCA) reported Q1 2025 earnings with net income of $483 million, down from $700 million in Q4 2024. Net income available to common stockholders was $468 million ($34.47 per share), compared to $685 million ($49.21 per share) in the previous quarter.
Key financial metrics include:
- Net interest income: $1.66 billion, down $46 million from Q4
- Net interest margin: 3.26%, decreased from 3.32%
- Total loans: $141.36 billion, up 3.3% annualized
- Deposits: $159.33 billion, increased 10.7% annualized
- Share repurchases: $613 million (302,683 shares)
The bank maintained strong capital ratios with estimated total risk-based capital at 15.23% and completed issuance of $500 million senior unsecured notes and $750 million subordinated notes.