First Citizens BancShares, Inc. (FCNCA) Q1 2025 Earnings Call Transcript

2025-04-24 13:24:28 ET

First Citizens BancShares, Inc. (FCNCA)

Q1 2025 Earnings Conference Call

April 24, 2025 09:00 AM ET

Company Participants

Deanna Hart - Head of Investor Relations

Frank Holding - Chairman and Chief Executive Officer

Craig Nix - Chief Financial Officer

Tom Eklund - Treasurer

Marc Cadieux - President of Silicon Valley Bank

Andrew Giangrave - Executive Vice President and Chief Credit Officer

Conference Call Participants

Chris McGratty - Keefe, Bruyette & Woods, Inc.

Christopher Marinac - Janney Montgomery Scott

Anthony Elian - JPMorgan Chase & Co.

Brian Foran - Truist Securities

Benjamin Gerlinger - Citigroup Inc.

Nicholas Holowko - UBS

Presentation

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the First Citizens BancShares First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] As a reminder, today's conference is being recorded.

I would now like to introduce the host of this conference call, Ms. Deanna Hart, Head of Investor Relations. You may begin.

Deanna Hart

Good morning, and welcome to First Citizens first quarter earnings call. Joining me on the call today are our Chairman and Chief Executive Officer, Frank Holding; and Chief Financial Officer, Craig Nix. They will provide first quarter business and financial updates referencing our earnings call presentation, which you can find on our website.

Our comments will include forward-looking statements, which are subject to risks and uncertainties that may cause actual results to differ materially from expectations. We assume no obligation to update such statements. These risks are outlined on Page 3 of the presentation. We will also reference non-GAAP financial measures. Reconciliations of these measures against the most directly comparable GAAP measures can be found in Section 5 of the presentation.

Finally, First Citizens is not responsible for and does not edit nor guarantee the accuracy of earnings transcripts provided by third parties....

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