What move does the options market price into First Citizens Bancshares's report?

Implied ±10.4%, either direction · provisional.

FCNCANasdaqState Commercial Banks

First Citizens Bancshares Inc (FCNCA) earnings date, market-implied expected move, and options open interest by expiry

2,305.42

Closed15:59 ET

Open2,341.00Volume69,202Mkt cap$26.3BP/E12.36EPS186.56Div yield0.36%

Day2,295.20 – 2,374.3013%52-wk1,755.75 – 2,429.9682%

FCNCA

First Citizens Bancshares Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±10.4%implied · straddle

2,064.682,544.76

spot 2,304.72exp Feb 19ATM strike 2300ATM straddle 282.40IV 29%

Nov 5 closeprovisional

Expected move

Inputs

Next report

Jan 22

before open · in 77 days

est.Q4 FY26

Calendar

Next report

Last report

+8.15%

vs ±6.1% implied · ×1.34

shaded = implied · ▲▼ = realized

Oct 23 '26 · confirmed

Implied vs realized

Linked news

47mBR · supplierBroadridge's Distributed Ledger Repo Processes $7.6 Trillion in October
10hUSB · supplierU.S. Bancorp issues C$1,000,000,000 4.422% fixed-to-floating senior notes due Nov 5, 2032
2dCME · supplierCME Group Reports Record October ADV of 30 Million Contracts, up 15% Year Over Year

News

Largest filed tie

13F top-10 QoQ

−5.89%

shares held · 10 largest managers

13F · Jun 30 '26129d lag

625 managers

Top fund weight

0.02%

FCNCA weight · VTI

N-PORTJun 30 '26

2 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

First Citizens Bancshares (FCNCA) is expected to report on Jan 22 before open (estimated date).

Implied vs realized

8 reports

—≥ implied

Jan 24 '25Jan 24 '25confirmed—▲+0.38%—

Apr 24 '25Apr 24 '25confirmed—▲+1.05%—

Jul 25 '25Jul 25 '25confirmed—▼−0.84%—

Q3 FY25Oct 23 '25confirmed—▲+0.52%—

Jan 23 '26Jan 23 '26confirmed—▼−8.49%—

Q1 FY26Apr 23 '26confirmed—▼−3.40%—

Q2 FY26Jul 23 '26confirmed—▲+6.51%—

Oct 23 '26Oct 23 '26confirmed±6.1%▲+8.15%×1.34

quarterimplied−10%0+10%realized×

Oct '26±6.1%▲+8.15%×1.34

Q2 FY26—▲+6.51%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Nov 5 close

1.39OI · 3 expiries · Nov 5 closeP/C open interest · Feb 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

455+2%Nov 2014d0.84543−1%0.84

66+43%Dec 1842d5.0813+8%5.08

report · Jan 22 · before open · est.

296+6%Feb 19105d213+1%

ExpiryPutsCallsP/C

Nov 2014d455+2%543−1%0.84

Dec 1842d66+43%13+8%5.08

report · Jan 22 · before open · est.

Feb 19105d296+6%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±10.4%

Funds 2

VTI±0.0%

VT±0.0%

Suppliers 1

USB±5.7%×0.55

Dashed = straddle · × = co-movement · max 501dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

27.63%as filednet margin · revenue +5.14% QoQ · +2.49% YoY

Revenue$2.4B+5.14%

Pre-tax income$891M+26.38%

Net income$672M27.63%+25.84%

Tax$219M+28.07%

Source: SEC filings · standardized · QE Jun 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 5 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 15:45 ET

Intraday

Event sensitivity

FOMC ×1.25· ±1.7% vs ±1.4% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±1.7%10 of 24×1.25

PPIproducer prices±1.1%4 of 10×0.80

CPROFcorporate profits±1.1%9 of 12×0.78

NFPjobs report±1.0%3 of 10×0.75

GDPgross domestic product±1.0%11 of 19×0.74

PCEpersonal income & outlays±1.0%7 of 19×0.71

CPIconsumer prices±0.8%5 of 10×0.55

Bar = avg |move| to ±2% · tick = ±1.4% avg day · ×base = |move| ÷ ±1.4% · min 6 releases

Earnings history

EPS 55.52 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Jul 23 '26 · confirmed	55.52	—
Q1 FY26	Apr 23 '26 · confirmed	42.63	—
Q3 FY25	Oct 23 '25 · confirmed	43.08	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod