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

First Citizens BancShares, Inc. (NASDAQ:FCNCA) Q1 2025 Earnings Conference Call April 24, 2025 9:00 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

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