First Citizens BancShares, Inc. Depositary Shares, each representing a 1/40th interest in a share of 6.625% Non-Cumulative Perpetual Preferred Stock, Series E
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+ FollowMarket Cap$246.27M
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Earnings Call Q3 2026
October 23, 2026 - AI Summary
Strong quarter results; ROE/ROA and earnings beats with disciplined expense + balance sheet optimization
- Adjusted net income: $652M; adjusted EPS: $55.37
- ROE: 12.24%, ROA: 1.08%
- Adjusted net revenue +1.4% sequentially, with positive operating leverage
- NIM: 3.07% (headline) and 2.99% ex accretion; company expects margin stability within its band
Rapid balance sheet growth led by deposits + fund/innovation businesses; integration contributes
- Loans +$6.2B (4.1% QoQ), driven largely by fund banking and broad-based commercial/general bank growth
- Deposits +$11.8B (6.8% QoQ) period-end and + $8.0B average (high-quality inflows)
- BMO branch acquisition impact: ~$4.9B deposits added; also ~$650M loan balances
- Off-balance-sheet client funds + $6.9B (period-end) / + $7.2B (average), supported by innovation/fund banking
Credit quality remains resilient; provisioning improves (some “good surprise” = allowance reduction)
- Nonaccrual loans: down $80M, to 0.87% of total loans
- Net charge-offs: $103M, with net charge-off ratio 0.27%, improved ~2 bps vs prior quarter and better than guidance
- Company reduced allowance for loan losses (stated drivers: improving credit trends, low net charge-offs, positive macro)
- Outlook: Q4 net charge-offs expected 30–35 bps, and full-year guidance tightened to 29–31 bps
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Share Statistics
| Market cap | $246.27 Million |
|---|---|
| Enterprise Value | $-618,726,139.00 |
| Annual dividend | $1.01 |
| Dividend yield | 0.36% |
| Earnings per Share | $165.76 |
| Beta | 0.06 |
| Outstanding Shares | 11,250,519 |
Return
| Return on Equity | 11.09% |
|---|---|
| Return on Assets | 0.99% |
| Return on Invested Capital | 1.86% |
Valuation & Multiples
| P/E Ratio | 12.06 |
|---|---|
| PEG | 180.2 |
| Price to Sales | 0.02 |
| Price to Book Ratio | 0.01 |
| Enterprise Value to Revenue | 1.8 |
| Enterprise Value to EBIT | 5.81 |
| Enterprise Value to Net Income | -1 |
| Total Debt to Enterprise | 0 |
| Debt to Equity | 0.01 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 23, 2026
EPS Estimate
$46.18
Consensus analyst estimateRevenue Estimate
$2.23 B
Consensus analyst estimateNext Earnings Call
Expected Date
January 22, 2027
EPS Estimate
$51.24
Consensus analyst estimateRevenue Estimate
$2.32 B
Consensus analyst estimateInstitutional Sentiment (Put/Call)
No data available for the latest quarter.
Institutional Ownership
No data available for the latest quarter.
About First Citizens Bancshares, Inc (NC)
6,587 employees
CEO: Frank Holding
First Citizens BancShares, Inc. functions as the parent organization for First-Citizens Bank & Trust Company, offering a wide array of retail and commercial banking services to individuals, businesses, and professional clients. Its range...