First Citizens BancShares Reports First Quarter 2026 Earnings

Rhea-AI Summary

First Citizens BancShares (Nasdaq: FCNCA) reported Q1 2026 results: net income of $534M and adjusted net income of $560M. Net interest income was $1.62B with NIM of 3.09%. Loans rose to $148.69B, deposits to $170.84B, and liquid assets to $60.72B. The company returned $900M in share repurchases and prepaid $2.50B of the Purchase Money Note; capital ratios remained well above regulatory minima.

Positive

• Net income of $534M
• Loans increased to $148.69B (+0.5% linked quarter)
• Deposits grew to $170.84B (+5.7% linked quarter)
• Returned $900M via share repurchases in Q1
• Prepaid $2.50B of the Purchase Money Note, reducing borrowings

Negative

• Adjusted net income declined to $560M from $648M linked quarter
• Net interest margin fell by 11 bps to 3.09%
• Provision for loan and lease losses rose to $103M
• Nonaccrual loans increased by $122M to $1.43B (0.96% of loans)

Key Figures

Net income: $534 million Net income to common: $508 million ($42.63/share) Adjusted net income: $560 million +5 more

8 metrics

Net income $534 million Q1 2026; down from $580 million in Q4 2025

Net income to common $508 million ($42.63/share) Q1 2026; decreased from $566 million ($45.81) prior quarter

Adjusted net income $560 million Q1 2026; down from $648 million in Q4 2025

Net interest income $1.62 billion Q1 2026; decreased $101 million from linked quarter

Net interest margin 3.09% Q1 2026; down from 3.20% in Q4 2025

Loans and leases $148.69 billion Balance at March 31, 2026; up 0.5% from December 31, 2025

Deposits $170.84 billion Balance at March 31, 2026; up 5.7% since December 31, 2025

Provision for credit losses $72 million Q1 2026 total provision; up from $54 million prior quarter

Market Reality Check

Price: $2045.85 Vol: Volume 84,743 is 10% abov...

normal vol

$2045.85 Last Close

Volume Volume 84,743 is 10% above 20-day average 77,066, indicating slightly elevated trading activity pre-release. normal

Technical Price 2045.85 is trading above the 200-day MA at 1953.42, reflecting a longer-term uptrend into this earnings report.

Peers on Argus

FCNCA was down 0.39% with slightly elevated volume, while key regional peers lik...

1 Up

FCNCA was down 0.39% with slightly elevated volume, while key regional peers like HBAN, RF, CFG and MTB were also negative (down roughly 0.65–1.19%), and SHG fell 2.21%. Momentum data flagged only KB on the upside, suggesting FCNCA’s setup into earnings was more stock-specific than a broad sector momentum move.

Previous Earnings Reports

5 past events · Latest: Jan 23 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 23	Q4 2025 earnings	Positive	-8.5%	Stronger Q4 profits, solid capital and large buybacks alongside new branch deal.
Oct 23	Q3 2025 earnings	Neutral	+0.5%	Loan and deposit growth with stable NIM but higher credit provisions.
Apr 24	Q1 2025 earnings	Negative	+1.1%	Sharp sequential drop in net income and EPS despite steady balance growth.
Jan 24	Q4 2024 earnings	Positive	+0.4%	Higher net income, ongoing loan and deposit growth and continued buybacks.
Oct 24	Q3 2024 earnings	Negative	-9.7%	Earnings decline with softer loans and modest NII pressure offset by deposit gains.

Pattern Detected

Earnings reactions have been mixed: 3 aligned with the news tone and 2 diverged, with both positive and negative reports occasionally seeing sharp moves.

Recent Company History

Across the last five earnings releases from Oct 2024 through Jan 2026, First Citizens reported fluctuating net income, generally solid net interest income and recurring share repurchases. Loan and deposit balances have trended higher over time, while credit costs and net charge-offs have varied by quarter. Market reactions ranged from modest gains around more constructive updates to notable selloffs following quarters with weaker earnings trends or margin pressure. Today’s Q1 2026 report fits into this pattern of active repricing around detailed quarterly results and capital actions.

Historical Comparison

-3.3% avg move · Over the past five earnings releases, FCNCA’s average next-day move was -3.25%, showing that quarter...

earnings

-3.3%

Average Historical Move earnings

Over the past five earnings releases, FCNCA’s average next-day move was -3.25%, showing that quarterly reports have often prompted meaningful repricing.

From Q3 2024 through Q4 2025, earnings showed alternating growth and contraction, with consistent capital strength, active share repurchases, and steady loan and deposit expansion.

Market Pulse Summary

This announcement highlights Q1 2026 earnings with lower net and adjusted income but continued loan ...

Analysis

This announcement highlights Q1 2026 earnings with lower net and adjusted income but continued loan and deposit growth, stable capital ratios, and sizable share repurchases and note prepayment. Net interest income and margin compressed, while provision for credit losses rose even as net charge-offs declined. Investors may track future quarters for trends in net interest margin, credit provisioning, nonaccrual loans, and the remaining capacity under the repurchase plan to assess how the franchise balances growth, risk, and capital returns.

Key Terms

purchase accounting accretion, net interest margin, noninterest income, noninterest expense, +4 more

8 terms

purchase accounting accretion financial

"Measures referenced below "as adjusted" or "excluding PAA" (or purchase accounting accretion)"

Purchase accounting accretion describes how an acquisition’s required accounting adjustments change a company’s reported earnings per share after the deal. When the purchase price is reallocated to the acquired assets and liabilities, certain items (like tax effects, depreciation or amortization) are recorded differently, and those changes can make reported earnings per share rise over time — showing whether the transaction boosts or dilutes per-share results. Investors use it like checking whether two merged household budgets will increase the amount left over each month after relabeling expenses.

net interest margin financial

"Net interest margin ("NIM") was 3.09% compared to 3.20% in the linked quarter"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

noninterest income financial

"Noninterest income was $692 million, compared to $715 million in the linked quarter"

Noninterest income is the money a bank or financial firm earns from activities other than charging interest on loans, such as account fees, transaction charges, advisory and underwriting fees, trading gains, and service income — like a store making extra money from repairs, warranties or delivery charges rather than product sales. It matters to investors because it shows how diversified a company’s revenue is and whether it can withstand changes in interest rates; a strong noninterest income stream can stabilize profits but may also be more variable than steady loan interest.

noninterest expense financial

"Noninterest expense was $1.54 billion, a decrease of $36 million from the linked quarter"

Costs a company incurs that are not tied to borrowing or lending, such as employee pay, rent, technology, marketing, and office supplies. Think of a household: noninterest expense is everything you pay for living and running the home except mortgage or loan interest; for investors, it shows how efficiently a company runs its core operations and directly affects profit margins and the cash available for growth or dividends.

net charge-offs financial

"Net charge-offs were $111 million (0.30% of average loans) for the current quarter"

Net charge-offs are the amount of loans or credit a lender removes from its books as uncollectible after subtracting any money later recovered from previously written-off accounts. Think of it like a store writing off unpaid tabs but getting back a few dollars later — the net figure shows the real loss. Investors watch this to judge a lender’s loan quality, future profits and how much capital may be needed to cover bad debts.

nonaccrual loans financial

"Nonaccrual loans were $1.43 billion (0.96% of loans) at March 31, 2026"

Nonaccrual loans are loans a lender has stopped counting toward interest income because the borrower is overdue or unlikely to pay; the lender only records cash payments received and may set aside extra funds to cover potential losses. For investors, a rising number or amount of nonaccrual loans signals weaker credit quality, lower future interest revenue and larger potential write-downs — similar to pausing expected subscription income when many customers stop paying.

tier 1 risk-based capital regulatory

"The estimated total risk-based capital, Tier 1 risk-based capital, Common equity Tier 1 risk-based capital"

Tier 1 risk-based capital is the core financial cushion a bank holds—mainly common equity and retained profits—measured against its assets after those assets are weighted for risk. Think of it as the size of a safety net adjusted for how many sharp edges are under it: a higher ratio means the bank has more capacity to absorb losses and is generally safer and more likely to meet regulator standards, which matters to investors assessing financial strength.

common equity tier 1 regulatory

"Tier 1 risk-based capital, Common equity Tier 1 risk-based capital, and Tier 1 leverage ratios"

Common Equity Tier 1 is the highest-quality capital a bank holds—mainly common shares and retained profits—that acts as the primary cushion against losses. Investors use the CET1 level and ratio to judge a bank’s financial strength and regulatory standing: a bigger cushion means the bank is better able to absorb shocks, sustain payouts and borrow cheaply, much like an emergency fund for a household.

AI-generated analysis. Not financial advice.

RALEIGH, N.C., April 23, 2026 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the first quarter of 2026.

Chairman and CEO Frank B. Holding, Jr. said: "We are pleased with our first quarter results highlighted by loan and deposit growth, resilient credit quality, and return metrics exceeding our expectations. During the quarter, we returned an additional $900 million of capital to our stockholders through share repurchases, and prepaid $2.50 billion of the Purchase Money Note. Capital and liquidity positions remain strong."

FINANCIAL HIGHLIGHTS

Measures referenced below "as adjusted" or "excluding PAA" (or purchase accounting accretion) are non-GAAP financial measures. Refer to the Financial Supplement available at ir.firstcitizens.com or www.sec.gov for a reconciliation of each non-GAAP measure to the most directly comparable GAAP measure.

Net income for the first quarter of 2026 ("current quarter") was $534 million, compared to $580 million for the fourth quarter of 2025 ("linked quarter"). Net income available to common stockholders for the current quarter was $508 million, or $42.63 per common share, a $58 million decrease from $566 million, or $45.81 per common share, in the linked quarter.

Adjusted net income for the current quarter was $560 million, compared to $648 million for the linked quarter. Adjusted net income available to common stockholders was $534 million, or $44.86 per common share, a $100 million decrease from $634 million, or $51.27 per common share, in the linked quarter.

NET INTEREST INCOME AND MARGIN

• Net interest income was $1.62 billion for the current quarter, a decrease of $101 million from the linked quarter. Net interest income, excluding PAA, was $1.58 billion, a decrease of $91 million from the linked quarter.
  • Interest income on loans decreased $84 million and, excluding loan PAA, decreased $73 million, mainly due to a decline in yield and an $11 million decrease in loan PAA, partially offset by the impact of a higher average balance.
  • Interest income on investment securities decreased $40 million due to decreases in the average balance and yield.
  • Interest income on interest-earning deposits at banks decreased $30 million due to a lower average balance and a decline in yield.
  • Interest expense on interest-bearing deposits decreased $28 million due to a lower rate paid, partially offset by the impact of a higher average balance.
  • Interest expense on borrowings decreased $25 million, mainly due to a decline in the average balance as a result of prepayments of the Purchase Money Note.
• Net interest margin ("NIM") was 3.09% compared to 3.20% in the linked quarter, a decrease of 11 basis points. NIM, excluding PAA, was 3.01%, compared to 3.11% in the linked quarter, a decrease of 10 basis points.
  • The yield on average interest-earning assets was 5.30%, a decrease of 18 basis points from the linked quarter, mainly due to the following:
    • A lower loan yield resulting from lower interest rates and a decline in loan PAA, partially offset by the impact of a higher average balance.
    • A lower yield on investment securities resulting from a lower average balance and lower interest rates.
    • A lower yield on interest-earning deposits at banks resulting from a lower average balance and a decline in the federal funds rate.
  • The rate paid on average interest-bearing liabilities was 2.93%, a decrease of 10 basis points from the linked quarter, primarily due to a lower rate paid on interest-bearing deposits and a lower average balance of borrowings, partially offset by the impact of a higher average balance of interest-bearing deposits.

NONINTEREST INCOME AND EXPENSE

• Noninterest income was $692 million, compared to $715 million in the linked quarter, a decrease of $23 million. Adjusted noninterest income was $520 million, a decrease of $9 million from the linked quarter. The decreases in noninterest income and adjusted noninterest income were primarily due to a decrease in other noninterest income of $15 million as the linked quarter included a gain on tax credit investments. Increases of $7 million in deposit fees and service charges and $5 million in lending-related fees were partially offset by modest decreases spread amongst various noninterest income line items. Additionally, the fair value adjustment on marketable equity securities decreased $9 million compared to the linked quarter.
• Noninterest expense was $1.54 billion, a decrease of $36 million from the linked quarter. Adjusted noninterest expense was $1.33 billion, a decrease of $38 million. The decreases in noninterest expense and adjusted noninterest expense were primarily due to the following:
  • Marketing expense decreased $15 million, mostly due to fewer marketing promotions for Direct Bank deposits.
  • Professional fees and adjusted professional fees decreased $10 million and $16 million, respectively, mainly due to a decrease in consulting services.
  • Personnel cost and adjusted personnel cost increased $20 million and $8 million, respectively, largely driven by seasonal increases in employee benefits and payroll taxes.
  • The remaining net decrease in noninterest expense and adjusted noninterest expense of $31 million and $15 million, respectively, was spread amongst various other noninterest expense line items.

BALANCE SHEET SUMMARY

• Loans and leases were $148.69 billion at March 31, 2026, an increase of $762 million or 0.5% compared to $147.93 billion at December 31, 2025. Commercial Bank segment loan growth of $1.35 billion, mainly concentrated in Global Fund Banking, was partially offset by a decrease in General Bank segment loans of $591 million, primarily due to the transfer of approximately $364 million of loans to held for sale.
• Total investment securities were $42.99 billion at March 31, 2026, an increase of $1.42 billion since December 31, 2025. Purchases of approximately $2.89 billion during the quarter remained concentrated in short duration available for sale U.S. treasury and agency mortgage-backed securities, and were partially offset by maturities and paydowns.
• Deposits were $170.84 billion at March 31, 2026, an increase of $9.26 billion or 5.7% since December 31, 2025, primarily attributable to an increase in Commercial Bank segment deposits of $5.66 billion, mainly driven by Global Fund Banking and Tech & Healthcare. Corporate deposits increased $2.49 billion as brokered and Direct Bank deposits increased $1.83 billion and $606 million, respectively. Additionally, General Bank segment deposits increased $1.12 billion.
• Noninterest-bearing deposits increased by $2.95 billion (7.3% from the linked quarter) and represented 25.5% of total deposits as of March 31, 2026, compared to 25.2% at December 31, 2025. The cost of average total deposits was 2.04% for the current quarter, compared to 2.09% for the linked quarter.
• Borrowings were $33.96 billion at March 31, 2026, a decrease of $2.05 billion compared to $36.01 billion at December 31, 2025, mainly due to the $2.50 billion prepayment of the Purchase Money Note, partially offset by the issuance of $500 million of senior notes during the current quarter.
• The Purchase Money Note declined from $35.85 billion at September 30, 2025 to $30.91 billion  at March 31, 2026.
• Funding mix improved to 83.4% of total funding comprised of deposits.
• Interest-earning deposits at banks were $23.19 billion at March 31, 2026, an increase of $3.39 billion compared to $19.80 billion at December 31, 2025, a function of the balance sheet trends discussed above.

PROVISION FOR CREDIT LOSSES AND CREDIT QUALITY

• Provision for credit losses totaled $72 million for the current quarter, compared to $54 million for the linked quarter. The current quarter included a provision for loan and lease losses of $103 million, partially offset by a benefit for off-balance sheet credit exposure of $32 million.
  • The provision for loan and lease losses for the current quarter was $103 million, compared to $57 million for the linked quarter. The $46 million increase was mainly attributable to the impact of an $8 million reserve release in the current quarter compared to an $86 million reserve release in the linked quarter, partially offset by a decline of $32 million in net charge-offs.
    • The $8 million reserve release in the current quarter was largely driven by loan growth concentrated in capital call lines, which have a lower loss rate relative to our other loan portfolios, and changes in the macroeconomic scenarios, partially offset by higher reserves for individually evaluated loans.
    • The $86 million reserve release in the linked quarter was driven by lower specific reserves for individually evaluated loans, loan growth concentrated in capital call lines, and improvements in the macroeconomic scenarios and credit quality.
  • The benefit for off-balance sheet credit exposure was $32 million, an increase of $27 million from the linked quarter, mainly due to changes in the macroeconomic scenarios and lower available balances. 
• Net charge-offs were $111 million (0.30% of average loans) for the current quarter, compared to $143 million (0.39% of average loans) for the linked quarter. The $32 million decrease was primarily related to lower net charge-offs in commercial real estate and investor dependent portfolios.
• Nonaccrual loans were $1.43 billion (0.96% of loans) at March 31, 2026, compared to $1.31 billion (0.88% of loans) at December 31, 2025. The $122 million increase in nonaccrual loans was largely concentrated in a small number of commercial real estate loans that were individually evaluated, contributing to the increase in specific reserves.
• The allowance for loan and lease losses totaled $1.56 billion at March 31, 2026, compared to $1.57 billion at December 31, 2025. The allowance for loan and lease losses as a percentage of loans was 1.05% at March 31, 2026, compared to 1.06% at December 31, 2025.

CAPITAL AND LIQUIDITY

• Capital ratios remained well above regulatory requirements. The estimated total risk-based capital, Tier 1 risk-based capital, Common equity Tier 1 risk-based capital, and Tier 1 leverage ratios were 13.51%, 11.79%, 10.83%, and 9.30%, respectively, at March 31, 2026. During the current quarter, BancShares issued Series E perpetual preferred stock for an aggregate amount of $400 million, which is included in Tier 1 capital. 
• During the current quarter, we repurchased 449,845 shares of our Class A common stock for $900 million and paid a dividend of $2.10 per share on our Class A and Class B common stock. Shares repurchased during the current quarter represented 4.04% of Class A common shares and 3.71% of total Class A and Class B common shares outstanding at December 31, 2025.
  • From inception of the 2024 Share Repurchase Plan through March 31, 2026, we have repurchased 2,842,948 shares of our Class A common stock for $5.59 billion, representing 21.02% of Class A common shares and 19.57% of total Class A and Class B common shares outstanding as of June 30, 2024.
  • As of March 31, 2026, the total capacity remaining under the 2025 Share Repurchase Plan was $1.91 billion.
• Liquidity position remains strong as liquid assets were $60.72 billion at March 31, 2026, compared to $56.01 billion at December 31, 2025. The increase of $4.72 billion is mainly due to the increases in interest-earning deposits at banks and investment securities as further discussed above in the Balance Sheet Summary.

EARNINGS CALL/ WEBCAST DETAILS

BancShares will host a conference call to discuss the company's financial results on Thursday, April 23, 2026, at 9 a.m. Eastern time.

The call may be accessed via webcast on the company's website at ir.firstcitizens.com.

Our earnings release, investor presentation, and financial supplement are available at ir.firstcitizens.com. In addition, these materials will be furnished to the Securities and Exchange Commission (the "SEC") on a Form 8-K and will be available on the SEC website at www.sec.gov. After the event, a replay of the call will be available via webcast at ir.firstcitizens.com.

ABOUT FIRST CITIZENS BANCSHARES

First Citizens BancShares, Inc. (Nasdaq: FCNCA), a top 20 U.S. financial institution with more than $225 billion in assets and a member of the Fortune 500^TM, is the financial holding company for First-Citizens Bank & Trust Company ("First Citizens Bank"). Headquartered in Raleigh, N.C., First Citizens Bank has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services with branches and offices nationwide; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Discover more at firstcitizens.com.

FORWARD-LOOKING STATEMENTS

This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the financial condition, results of operations, business plans, asset quality, future performance, and other strategic goals of BancShares. Words such as "anticipates," "believes," "estimates," "expects," "predicts," "forecasts," "intends," "plans," "projects," "targets," "designed," "could," "may," "should," "will," "potential," "continue," "aims" or other similar words and expressions are intended to identify these forward-looking statements. These forward-looking statements are based on BancShares' current expectations and assumptions regarding BancShares' business, the economy, and other future conditions.

Because forward-looking statements relate to future results and occurrences, they are subject to inherent risks, uncertainties, changes in circumstances and other factors that are difficult to predict. Many possible events or factors could affect BancShares' future financial results and performance and could cause actual results, performance or achievements of BancShares to differ materially from any anticipated results expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, general competitive, economic (including the imposition of tariffs, retaliatory tariff measures, trade barriers on trading partners, and supply chain disruptions), political (including impacts of any U.S. government shutdown), geopolitical events (including conflicts or developments in Ukraine, the Middle East and Latin America), natural disasters  and market conditions, including changes in competitive pressures among financial institutions and the impacts related to or resulting from previous bank failures, the risks and impacts of future bank failures and other volatility in the banking industry, public perceptions of our business practices, including our deposit pricing and acquisition activity, the financial success or changing conditions or strategies of BancShares' vendors or customers, including changes in demand for deposits, loans and other financial services, fluctuations in interest rates, changes in the quality or composition of BancShares' loan or investment portfolio, actions of government regulators, including interest rate decisions by the Board of Governors of the Federal Reserve Board (the "Federal Reserve"), changes to estimates of future costs and benefits of actions taken by BancShares, BancShares' ability to maintain adequate sources of funding and liquidity, the potential impact of decisions by the Federal Reserve on BancShares' capital plans, adverse developments with respect to U.S. or global economic conditions, including significant turbulence in the capital or financial markets, the impact of any sustained or elevated inflationary environment, the impact of any cyberattack, information or security breach, the impact of implementation and compliance with current or proposed laws, regulations and regulatory interpretations, including potential increased regulatory requirements, limitations, and costs, such as FDIC special assessments, increases to FDIC deposit insurance premiums, changes in regulatory capital requirements, or limitations on credit card interest rates, along with the risk that such laws, regulations and regulatory interpretations may change, the availability of capital and personnel, and the risks associated with BancShares' previously completed acquisition transactions, the pending acquisition of 138 branches from BMO Bank N.A., or any future transactions.

BancShares' 2025 Share Repurchase Plan announced in July 2025 ("2025 SRP") allows BancShares to repurchase shares of its Class A common stock through 2026. BancShares is not obligated under the 2025 SRP to repurchase any minimum or particular number of shares, and repurchases may be suspended or discontinued at any time (subject to the terms of any Rule 10b5-1 plan in effect) without prior notice. The authorization to repurchase Class A common stock will be utilized at management's discretion. The actual timing and amount of Class A common stock that may be repurchased under the 2025 SRP will depend on a number of factors, including the terms of any Rule 10b5-1 plan then in effect, price, general business and market conditions, regulatory requirements, and alternative investment opportunities or capital needs.

Except to the extent required by applicable laws or regulations, BancShares disclaims any obligation to update forward-looking statements or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments. Additional factors which could affect the forward-looking statements can be found in BancShares' Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and its other filings with the SEC.

NON-GAAP MEASURES

Certain measures in this release, including those referenced as "adjusted" or "excluding PAA," are "non-GAAP," meaning they are numerical measures of BancShares' financial performance, financial position or cash flows that are not presented in accordance with generally accepted accounting principles in the U.S. ("GAAP") because they exclude or include amounts or are adjusted in some way so as to be different than the most direct comparable measures calculated and presented in accordance with GAAP in BancShares' statements of income, balance sheets or statements of cash flows and also are not codified in U.S. banking regulations currently applicable to BancShares. BancShares management believes that non-GAAP financial measures, when reviewed in conjunction with GAAP financial information, can provide transparency about or an alternative means of assessing its operating results, financial position or cash flows to its investors, analysts and management. These non-GAAP measures should be considered in addition to, and not superior to or a substitute for, GAAP measures. Each non-GAAP measure is reconciled to the most comparable GAAP measure in the non-GAAP reconciliation. This information can be found in the Financial Supplement located in the Quarterly Results section of our website at https://ir.firstcitizens.com/financial-information/quarterly-results/default.aspx.

Contact:	Deanna Hart	Angela English
	Investor Relations	Corporate Communications
	919-716-2137	803-931-1854

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SOURCE First Citizens BancShares, Inc.

FAQ

What did First Citizens (FCNCA) report for Q1 2026 net income and adjusted net income?

Net income was $534 million and adjusted net income was $560 million. According to the company, adjusted figures exclude purchase accounting accretion and reconciliations are in the financial supplement available on the investor website.

How much did First Citizens (FCNCA) return to shareholders in Q1 2026?

The company repurchased $900 million of stock during Q1 2026. According to the company, those repurchases represent 4.04% of Class A shares and leave $1.91 billion capacity under the 2025 plan.

What were First Citizens (FCNCA) loan and deposit balances at March 31, 2026?

Loans were $148.69 billion and deposits were $170.84 billion at March 31, 2026. According to the company, deposit growth of $9.26 billion was driven by commercial banking and corporate/brokered increases.

How did First Citizens (FCNCA) capital and liquidity position look after Q1 2026?

Capital ratios remained well above requirements; CET1 was 10.83% and total risk-based capital 13.51%. According to the company, liquid assets were $60.72 billion at quarter end.

Why did First Citizens (FCNCA) report a decline in net interest income and margin in Q1 2026?

Net interest income fell due to lower yields and modestly higher balances, reducing NIM to 3.09%. According to the company, lower loan and investment yields and reduced loan PAA were main contributors.

What credit trends did First Citizens (FCNCA) disclose for Q1 2026?

Provision for loan and lease losses rose to $103 million; net charge-offs were $111 million. According to the company, nonaccrual loans increased by $122 million, largely from a few commercial real estate accounts.