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Mar 31
First Citizens Q1 2025 Earnings Report
First Citizens reported solid Q1 2025 results with positive net income and sustained growth in loans and deposits.
Key Takeaways
First Citizens BancShares posted strong first quarter earnings, supported by loan and deposit growth, stable credit quality, and a robust capital return strategy.
Reported net income of $483 million and adjusted net income of $528 million.
Net interest income was $1.66 billion, with a decline mainly due to lower yields.
Deposits grew by $4.1 billion, led by Direct Bank and Branch Network.
Returned $613 million to shareholders via share repurchases.
First Citizens
First Citizens
First Citizens Revenue by Segment
Revenue by Segment
Net interest income Revenue
CapyFin.comNoninterest income Revenue
CapyFin.com Forward Guidance
Management expressed confidence in future performance despite market uncertainty, citing strong capital, liquidity, and continued customer growth.
Positive Outlook
- Continued growth in loan volumes across Commercial and SVB segments.
- Deposit base expanded by over $4 billion.
- Successful issuance of $1.25 billion in notes.
- Maintained stable credit quality with lower net charge-offs.
- Liquidity position strengthened with $62.79 billion in liquid assets.
Challenges Ahead
- Decrease in net interest income due to lower yields and rates.
- Adjusted noninterest income declined $37 million.
- Adjusted noninterest expenses rose $9 million driven by personnel and marketing.
- Slight compression in net interest margin from 3.32% to 3.26%.
- Macroeconomic uncertainty and higher income tax burden impacted earnings.