First Citizens Q4 adjusted EPS beats on loan growth

Overview

• U.S. bank's Q4 adjusted EPS beat analyst expectations

• Adjusted net income for Q4 beat analyst estimates

• Company repurchased $900 mln in shares during Q4

Outlook

• First Citizens expects BMO branch acquisition to close in second half of 2026

• Company maintains strong capital and liquidity positions

• First Citizens plans to repurchase shares through 2026 under 2025 Share Repurchase Plan

Result Drivers

• LOAN GROWTH - Strong loan growth driven by Global Fund Banking, contributing to overall performance

• CREDIT QUALITY - Stable credit quality with a significant decrease in provision for credit losses due to lower net charge-offs and reserve releases

• ACQUISITION STRATEGY - BMO branch acquisition expected to expand market presence and deposit base

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for First Citizens BancShares Inc (Delaware) is $2,374.50, about 7.8% above its January 22 closing price of $2,203.53

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nPnc09bGba

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