FCNCA · FIRST CITIZENS-A Q2 FY2026 earnings call record财报电话会记录

“This morning, we reported adjusted net income of $691 million and adjusted earnings per share of $57.09, driving an adjusted ROE of 12.94% and an adjusted ROA of 1.18%.”

“Client investment fees benefited from rising transaction volumes within tech and healthcare, and improved margins from a higher yielding product mix.”

“Period-end loans grew by $2.3 billion, or 1.6% sequentially, driven by Global Fund Banking production and robust growth in the Tech and Healthcare and Middle Market Banking businesses.”

“Tech and Healthcare delivered strong momentum with a 3.7% sequential increase, anchored by strong performance in the fintech and sponsor segments.”

“As of July 21st, we had repurchased over 20% of our common shares outstanding for a total of $6.3 billion, roughly 84% of our total authorization.”

“We are projecting third quarter loan balances in the range of $152 billion-$155 billion, driven by growth in the commercial bank and general bank segments.”

“We reiterate our full-year guidance of $153 billion-$157 billion, underpinned by sustained client activity and the upcoming BMO branch acquisition.”

“We project third quarter deposits between $179 billion and $182 billion, driven by our BMO branch acquisition, adding approximately $5.3 billion in deposits.”

“We remain committed to a steady paydown pace of $500 million-$1 billion per month, will also leverage other positive liquidity events to accelerate the paydown, reinforcing balance sheet optimization.”

“We reaffirm our full-year guidance of $181 billion-$186 billion, accounting for the BMO branch acquisition and targeted deposit growth.”

“We expect that our CET1 ratio will be towards the higher end of our target range of 10%-10.5% at the end of this year, and that assumes the $900 million of repurchases in the second half.”

“Just with respect to our projection of $6 billion-$8 billion in prepayments for the third quarter, that'll come from a combination of that normal $1.5 billion-$3 billion run rate plus the net liquidity provided from the BMO branch acquisition.”