Raleigh, North Carolina-based First Citizens BancShares (NASDAQ:FCNCA) reported strong financial results for the fourth quarter of 2025, highlighted by net income of $580 million and adjusted net income of $648 million.
Net income available to common shareholders was $566 million, or $45.81 per diluted share, while adjusted net income available to common shareholders was $634 million, or $51.27 per share.
Net interest income totaled $1.72 billion, supported by a net interest margin of 3.20%.
Period-end loans increased 2.2% linked quarter to $147.93 billion, reflecting continued expansion in the loan book.
Deposits stood at $161.58 billion, down 1% from the prior quarter.
The provision for credit losses was $54 million, with net charge-offs of $143 million, or 0.39% of average loans.
Capital also remained robust, with a CET1 ratio of 11.15%.
During the quarter, the company repurchased $900 million of common stock, prepaid $2.5 billion of the Purchase Money Note, and issued $500 million of Series D preferred stock.
First Citizens also announced an agreement to acquire 138 branches from BMO, expected to add approximately $5.7 billion in deposits upon closing in the second half of 2026.