FCNCA
NASDAQ · Financial Services · Banks - Regional · US
Research · Oct 24, 2026
First Citizens (FCNCA) Q3 2026: Deposit Costs Rise as Loan Growth Lifts NII
First Citizens grew Q3 2026 net interest income to $1.699 billion and raised guidance, but deposit costs rose to 2.16% and loan growth, not cheaper funding, drove the gain.
Research · Oct 21, 2026
[FCNCA] First Citizens: Q3 2026 earnings preview on net interest income and FDIC note paydown
First Citizens earned $1.656 billion of Q2 2026 net interest income at a 3.10% margin; Q3 results test whether NII holds while it repays $6-8 billion of its FDIC note.
Research · Sep 3, 2026
[FCNCA] First Citizens Thesis 2026: SVB Franchise Stabilizes as Purchase Accounting Normalizes
First Citizens completed its first full year of SVB integration in FY2025 with revenue of ~$9.8B and adjusted EPS of ~$88, as purchase accounting accretion moderated and underlying organic earnings power became visible. SVB's technology banking deposit franchise grew ~3-5% as the venture ecosystem recovered. ROTCE of ~13% trails peers but reflects rapid tangible book growth from acquisition-era gains. The FY2026 thesis test is SVB deposit franchise organic growth rate and normalized EPS visibility as FDIC loss-share mechanics clarify.