Equity Profile

FCNCA

First Citizens BancShares, Inc.

FinancialsDiversified Banks$24.4B

Jul24Fri

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

First Citizens BancShares, Inc. is a diversified bank that provides a range of financial services, including commercial and retail banking....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the bank's ability to expand its operations and attract new customers, which is crucial for long-term success.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

FCNCA Q2-2026 Earnings Preview

Context

Company Snapshot

First Citizens BancShares, Inc. is a diversified bank that provides a range of financial services, including commercial and retail banking. With a market cap of $24 billion, it plays a significant role in the financial sector, particularly in lending and deposit services.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+9.58%

Avg Stock Reaction

-1.30%

Last Quarter Recap

In Q1-2026, First Citizens BancShares reported an EPS of $44.86, surpassing estimates by nearly 15%. However, the stock fell 3.4% the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Continue to focus on expanding loan offerings.
Enhance customer service and digital banking capabilities.
Maintain strong credit quality and risk management.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given the company's strong EPS performance in recent quarters. However, concerns about loan growth and economic conditions may temper enthusiasm.

Bull Case

If the company reports strong loan growth and maintains or increases its EPS, it could signal robust demand and operational efficiency, leading to a positive market reaction.

Bear Case

Conversely, if loan growth is weak or EPS falls short of expectations, it could raise concerns about the bank's future profitability and lead to a significant drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the loan growth rate be for this quarter?

Loan growth is critical for profitability, and any significant change could impact future earnings expectations.

How does management view the current economic environment and its impact on credit quality?

Understanding management's perspective on economic conditions will help gauge potential risks to the bank's performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the bank's ability to maintain strong EPS growth despite economic headwinds, as its diversified services could cushion against downturns.

Supporting Evidence

The bank has consistently beaten EPS estimates in recent quarters, indicating strong management performance.

Options pricing suggests a significant move, reflecting heightened investor interest and potential for positive surprises.

Key Risk

If loan growth exceeds expectations significantly, it could shift market sentiment dramatically.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on the bank's ability to grow its loan portfolio amidst economic uncertainty.

Bull Confirmed If

Loan growth of 10% or more year-over-year would confirm the bull case.

Bear Confirmed If

Loan growth below 3% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±12.27%

Historical Avg

±4.3%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±12.3% while FCNCA has averaged ±4.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

22.4%

Calls (300)P/C Ratio: 6.00Puts (600)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If the company beats expectations, history suggests a potential stock increase of around 4.32%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may react neutrally, reflecting uncertainty in future growth.

Miss

A miss on earnings could lead to a decline of approximately 9.73%, as investors reassess the bank's growth prospects.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·1 sell

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

R-NJThomas H. Kean JrRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth rates and how they compare to previous quarters.
2Management's outlook on economic conditions and their impact on credit quality.
3Details on new banking products or services that could drive future growth.
4Insights into customer acquisition strategies and digital banking enhancements.
5Any commentary on cost management and operational efficiency improvements.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Jul21

KOBMO

The Coca-Cola Company

PreviewView

Jul21

VZBMO

Company Snapshot

First Citizens BancShares, Inc. is a diversified bank that provides a range of financial services, including commercial and retail banking....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the bank's ability to expand its operations and attract new customers, which is crucial for long-term success.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

FCNCA Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+9.58%

Avg Stock Reaction

-1.30%

Last Quarter Recap

In Q1-2026, First Citizens BancShares reported an EPS of $44.86, surpassing estimates by nearly 15%. However, the stock fell 3.4% the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Continue to focus on expanding loan offerings.
Enhance customer service and digital banking capabilities.
Maintain strong credit quality and risk management.

Expectations

Wall Street Expectations

Bull Case

If the company reports strong loan growth and maintains or increases its EPS, it could signal robust demand and operational efficiency, leading to a positive market reaction.

Bear Case

Conversely, if loan growth is weak or EPS falls short of expectations, it could raise concerns about the bank's future profitability and lead to a significant drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the loan growth rate be for this quarter?

Loan growth is critical for profitability, and any significant change could impact future earnings expectations.

How does management view the current economic environment and its impact on credit quality?

Understanding management's perspective on economic conditions will help gauge potential risks to the bank's performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the bank's ability to maintain strong EPS growth despite economic headwinds, as its diversified services could cushion against downturns.

Supporting Evidence

The bank has consistently beaten EPS estimates in recent quarters, indicating strong management performance.

Options pricing suggests a significant move, reflecting heightened investor interest and potential for positive surprises.

Key Risk

If loan growth exceeds expectations significantly, it could shift market sentiment dramatically.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on the bank's ability to grow its loan portfolio amidst economic uncertainty.

Bull Confirmed If

Loan growth of 10% or more year-over-year would confirm the bull case.

Bear Confirmed If

Loan growth below 3% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±12.27%

Historical Avg

±4.3%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±12.3% while FCNCA has averaged ±4.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

22.4%

Calls (300)P/C Ratio: 6.00Puts (600)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If the company beats expectations, history suggests a potential stock increase of around 4.32%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may react neutrally, reflecting uncertainty in future growth.

Miss

A miss on earnings could lead to a decline of approximately 9.73%, as investors reassess the bank's growth prospects.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·1 sell

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

R-NJThomas H. Kean JrRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth rates and how they compare to previous quarters.
2Management's outlook on economic conditions and their impact on credit quality.
3Details on new banking products or services that could drive future growth.
4Insights into customer acquisition strategies and digital banking enhancements.
5Any commentary on cost management and operational efficiency improvements.