Equity Profile

FCNCA

First Citizens BancShares, Inc.

FinancialsDiversified Banks$23.1B

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 consumer banking....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help gauge its financial health this quarter.

N/A

Net Interest Margin

This metric reflects the difference between interest earned and interest paid, which is crucial for banks in a changing interest rate environment.

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 consumer banking. With a market cap of $23 billion, it plays a significant role in the financial sector, particularly as consumer spending and interest rates fluctuate.

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 reported an EPS of $44.86, surpassing expectations by 14.78%. However, the stock fell 3.40% the following day, indicating mixed market reactions despite strong earnings.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as the company has a strong history of beating EPS estimates, but recent stock reactions have been negative.

Bull Case

If First Citizens continues its trend of beating EPS estimates, it could signal strong operational performance and investor confidence, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a significant drop in stock price, especially given the recent negative reactions.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the company's history of beating EPS estimates, the actual EPS will be crucial in determining market sentiment and stock movement.

How has loan growth performed this quarter?

Loan growth is a key indicator of the bank's operational strength and demand for credit, which will heavily influence investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the potential for loan growth this quarter, which could be stronger than anticipated due to improving economic conditions.

Supporting Evidence

The company's historical EPS surprise rate is 88%, indicating a strong track record of exceeding expectations.

Options pricing suggests a significant move, indicating that investors are bracing for volatility, which could favor a positive outcome.

Key Risk

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

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating the sustainability of the company's recent earnings performance amid economic uncertainties.

Bull Confirmed If

An EPS of $45 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $40 would confirm the bear case, suggesting operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±12.27%

Historical Avg

±4.3%

Pricing rich

The options market is pricing in a larger-than-average move, suggesting that investors are anticipating significant volatility around the earnings report.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

This setup has occurred 30 times across Financials in the last 2 years. 12 of 25 faded and 13 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 2.4%, with a raw directional average of -0.0% (roughly flat historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If First Citizens beats expectations, history suggests a modest positive reaction, confirming operational strength.

In-Line / Cautious

If results are in line with expectations, the stock may remain flat as investors await further guidance.

Miss

A miss could lead to a significant drop, as historical patterns indicate an average decline of around -9.73%.

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 metrics and how they compare to previous quarters.
2Management's outlook on interest rates and its impact on net interest margin.
3Details on any new initiatives or strategies to enhance profitability.
4Any commentary on economic conditions affecting consumer and commercial lending.
5Insights into operational efficiencies that could impact future earnings.

See the full picture

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

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Company Snapshot

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

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help gauge its financial health this quarter.

N/A

Net Interest Margin

This metric reflects the difference between interest earned and interest paid, which is crucial for banks in a changing interest rate environment.

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 reported an EPS of $44.86, surpassing expectations by 14.78%. However, the stock fell 3.40% the following day, indicating mixed market reactions despite strong earnings.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as the company has a strong history of beating EPS estimates, but recent stock reactions have been negative.

Bull Case

If First Citizens continues its trend of beating EPS estimates, it could signal strong operational performance and investor confidence, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a significant drop in stock price, especially given the recent negative reactions.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the company's history of beating EPS estimates, the actual EPS will be crucial in determining market sentiment and stock movement.

How has loan growth performed this quarter?

Loan growth is a key indicator of the bank's operational strength and demand for credit, which will heavily influence investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the potential for loan growth this quarter, which could be stronger than anticipated due to improving economic conditions.

Supporting Evidence

The company's historical EPS surprise rate is 88%, indicating a strong track record of exceeding expectations.

Options pricing suggests a significant move, indicating that investors are bracing for volatility, which could favor a positive outcome.

Key Risk

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

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating the sustainability of the company's recent earnings performance amid economic uncertainties.

Bull Confirmed If

An EPS of $45 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $40 would confirm the bear case, suggesting operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±12.27%

Historical Avg

±4.3%

Pricing rich

The options market is pricing in a larger-than-average move, suggesting that investors are anticipating significant volatility around the earnings report.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If First Citizens beats expectations, history suggests a modest positive reaction, confirming operational strength.

In-Line / Cautious

If results are in line with expectations, the stock may remain flat as investors await further guidance.

Miss

A miss could lead to a significant drop, as historical patterns indicate an average decline of around -9.73%.

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 metrics and how they compare to previous quarters.
2Management's outlook on interest rates and its impact on net interest margin.
3Details on any new initiatives or strategies to enhance profitability.
4Any commentary on economic conditions affecting consumer and commercial lending.
5Insights into operational efficiencies that could impact future earnings.