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Sep 30
First Citizens Q3 2025 Earnings Report
First Citizens reported a slight decline in net income for Q3 2025 while achieving solid loan and deposit growth, led by the SVB Commercial segment.
Key Takeaways
First Citizens BancShares posted $568 million in net income for Q3 2025, down from the previous quarter. Revenue and adjusted EPS showed modest growth, while net interest income rose slightly. Deposit and loan growth were driven primarily by the SVB Commercial segment.
Net income was $568 million, down $7 million from Q2 2025.
Adjusted EPS rose to $44.62 per share.
Net interest income increased by $39 million to $1.73 billion.
SVB Commercial led growth in loans and deposits, contributing over $5 billion combined.
First Citizens
First Citizens
First Citizens Revenue by Segment
Revenue by Segment
Net Interest Income Revenue
CapyFin.comNon-Interest Income Revenue
CapyFin.com Forward Guidance
First Citizens expects continued momentum from its SVB Commercial segment and improved liquidity following the BMO branch acquisition, despite higher credit costs and nonaccrual loans.
Positive Outlook
- Strong loan and deposit growth across all segments
- SVB Commercial segment continued to drive expansion
- Capital ratios remained well above regulatory requirements
- Completed 2024 share repurchase program and launched 2025 plan
- BMO branch acquisition will boost liquidity and footprint
Challenges Ahead
- Net income slightly declined from prior quarter
- Higher net charge-offs including $82M from a single client
- Increase in nonaccrual loans in Commercial Bank segment
- Provision for credit losses increased to $191 million
- Liquid assets declined slightly from the prior quarter