First Citizens BancShares Reports Second Quarter 2026 Earnings

Rhea-AI Summary

First Citizens BancShares (Nasdaq: FCNCA) reported second quarter 2026 net income of $672 million, up from $534 million in Q1 2026. Net income available to common stockholders was $640 million, or $55.52 per share; adjusted net income available to common was $659 million, or $57.09 per share.

Net interest income rose to $1.66 billion and net interest margin was 3.10%. Noninterest income reached $776 million, while adjusted noninterest expense was $1.35 billion. Loans grew to $151.03 billion and deposits to $173.43 billion. The company recorded a $10 million benefit for credit losses, with net charge-offs at $108 million. Capital ratios included a CET1 ratio of 10.77%. BancShares repurchased $600 million of Class A shares and paid a $2.10 per-share dividend. The Purchase Money Note was further reduced by $2.5 billion in the quarter, and the planned BMO Branch Acquisition, involving about $5.3 billion of deposits and $700 million of loans, is expected to close in Q3 2026.

Positive

• Net income $672 million in Q2 2026 vs. $534 million prior quarter
• EPS $55.52 (adjusted $57.09) vs. $42.63 (adjusted $44.86) prior quarter
• Net interest income increased to $1.66 billion; NIM 3.10%
• Loans up 1.6% to $151.03 billion; deposits up 1.5% to $173.43 billion
• Benefit for credit losses $10 million vs. $72 million provision prior quarter
• Share repurchases $600 million in Q2; 2.56% of total shares as of March 31, 2026

Negative

• Noninterest expense rose $15 million to $1.55 billion; adjusted up $16 million
• Deposit costs increased to 2.07% of average total deposits from 2.04%
• Noninterest-bearing deposits declined $1.13 billion and fell to 24.5% of total deposits
• Allowance for loan and lease losses ratio decreased to 0.98% from 1.05%
• Net charge-offs remained elevated at $108 million (0.29% of average loans)
• $750 million senior notes issued during quarter, partially offsetting Purchase Money Note prepayment

News Explained

The quarter included a $750 million senior-note issuance and completed buyback, with $1.31 billion of repurchase capacity remaining at June 30.

On July 23, 2026, First Citizens BancShares reported second-quarter earnings; the quarter’s completed repurchase covered 298,907 Class A shares for $600 million, reducing the outstanding share count.

BancShares also issued $750 million of senior notes, while borrowings at June 30, 2026 were $32.19 billion after a $2.50 billion Purchase Money Note prepayment.

The repurchase equaled 2.80% of Class A shares and 2.56% of total Class A and Class B shares outstanding at March 31, 2026; the 2025 plan had $1.31 billion of capacity remaining at June 30, 2026, distinct from the completed purchase.

Market Context

Insider data recorded Net Buying, with 232 shares bought and 0 sold over 90 days. This added ownersh...

Analysis

Insider data recorded Net Buying, with 232 shares bought and 0 sold over 90 days. This added ownership context to the earnings report; credit quality, deposit costs, and funding trends remained areas to monitor.

Key Figures

Net income: $672 million Common EPS: $55.52 per share Net interest income: $1.66 billion +5 more

8 metrics

Net income $672 million Q2 2026, compared with $534 million in Q1 2026

Common EPS $55.52 per share Q2 2026, compared with $42.63 in Q1 2026

Net interest income $1.66 billion Q2 2026, up $35 million from Q1 2026

Net interest margin 3.10% Q2 2026, up 1 basis point from Q1 2026

Loans and leases $151.03 billion June 30, 2026, up $2.34 billion from March 31, 2026

Deposits $173.43 billion June 30, 2026, up $2.59 billion from March 31, 2026

Benefit for credit losses $10 million Q2 2026, compared with a $72 million provision in Q1 2026

Share repurchases $600 million Q2 2026, covering 298,907 Class A common shares

Previous Earnings Reports

5 past events · Latest: Apr 23 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 23	Q1 2026 earnings	Positive	-3.4%	Net income and repurchases rose, but shares fell 3.4% over 24 hours.
Jan 23	Q4 2025 earnings	Positive	-8.5%	Results included repurchases and branch agreement; shares declined 8.49% over 24 hours.
Oct 23	Q3 2025 earnings	Positive	+0.5%	Loan and deposit growth accompanied earnings; shares gained 0.52% over 24 hours.
Apr 24	Q1 2025 earnings	Negative	+1.1%	Net income declined from the prior quarter while shares gained 1.05% over 24 hours.
Jan 24	Q4 2024 earnings	Positive	+0.4%	Net income and loans increased, with shares gaining 0.38% over 24 hours.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Tag-matched earnings events produced negative 24-hour reactions in three of five cases and averaged -1.99%.

Key Terms

purchase accounting accretion, non-GAAP financial measures, nonaccrual loans, net charge-offs, +1 more

5 terms

purchase accounting accretion financial

"excluding PAA (or purchase accounting accretion) are non-GAAP financial measures"

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.

non-GAAP financial measures financial

"excluding PAA (or purchase accounting accretion) are non-GAAP financial measures"

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

nonaccrual loans financial

"Nonaccrual loans were $1.45 billion (0.96% of loans) at June 30, 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.

net charge-offs financial

"Net charge-offs were $108 million (0.29% 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.

net interest margin financial

"Net interest margin ("NIM") was 3.10% for the current 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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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

Chairman and CEO Frank B. Holding, Jr. said: "Solid return metrics during the second quarter continued to support our strong capital and liquidity positions, driven by balanced loan and deposit growth, resilient credit quality, and disciplined expense management. Return metrics surpassed both our expectations and first quarter results. We returned $600 million to our stockholders through share repurchases and further optimized our balance sheet by prepaying another $2.5 billion of the Purchase Money Note."

BMO BRANCH ACQUISITION

On October 16, 2025, First-Citizens Bank & Trust Company ("First Citizens Bank"), the wholly owned banking subsidiary of BancShares, announced that it had entered into an agreement to acquire 138 branches from BMO Bank N.A. ("BMO Bank") located throughout the Midwest, Great Plains and West regions of the U.S. (the "BMO Branch Acquisition"). In connection with the BMO Branch Acquisition, First Citizens Bank expects to assume approximately $5.3 billion in deposits and acquire approximately $700 million in loans. BancShares expects the transaction to be completed during the third quarter of 2026.

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 second quarter of 2026 ("current quarter") was $672 million, compared to $534 million for the first quarter of 2026 ("linked quarter"). Net income available to common stockholders for the current quarter was $640 million, or $55.52 per common share, a $132 million increase from $508 million, or $42.63 per common share, in the linked quarter.

Adjusted net income for the current quarter was $691 million, compared to $560 million for the linked quarter. Adjusted net income available to common stockholders was $659 million, or $57.09 per common share, a $125 million increase from $534 million, or $44.86 per common share, in the linked quarter.

NET INTEREST INCOME AND MARGIN

• Net interest income was $1.66 billion for the current quarter, an increase of $35 million from the linked quarter. Net interest income, excluding PAA, was $1.61 billion, an increase of $26 million from the linked quarter.
  • Interest income on loans increased $47 million, mainly due to a higher yield, a higher average balance, and a $7 million increase in loan PAA.
  • Interest expense on borrowings decreased $18 million, mainly due to a decline in the average balance as we repaid an additional $2.5 billion of the Purchase Money Note.
  • Interest income on investment securities increased $17 million due to a higher yield and a higher average balance.
  • Interest expense on interest-bearing deposits increased $48 million due to a higher average balance and a higher rate paid.

• Net interest margin ("NIM") was 3.10% for the current quarter, an increase of 1 basis point from the linked quarter. NIM, excluding PAA, was 3.01% in both the current and linked quarters.
  • The yield on average interest-earning assets was 5.34%, an increase of 4 basis points from the linked quarter, mainly due to higher yields on and average balances of loans and investment securities.
  • The rate paid on average interest-bearing liabilities was 2.95%, an increase of 2 basis points from the linked quarter, primarily due to increases in the average balance of and rate paid on interest-bearing deposits, partially offset by the impact of a lower average balance of borrowings.

NONINTEREST INCOME AND EXPENSE

• Noninterest income was $776 million, compared to $692 million in the linked quarter, an increase of $84 million. Adjusted noninterest income was $586 million, an increase of $66 million from the linked quarter.
  • The increases in noninterest income and adjusted noninterest income were primarily due to the following:
    • Other noninterest income increased $50 million, mainly attributable to a $27 million increase in the fair value of derivatives and a $17 million gain on sale of tax credit investments.
    • Client investment fees increased $6 million due to higher volume and average balances.
    • Lending-related fees increased $4 million, largely due to line of credit fees.
    • Deposit fees and service charges increased $4 million, largely attributable to overdraft fees.
  • Additionally, the fair value adjustment on marketable equity securities increased $12 million compared to the linked quarter.

• Noninterest expense was $1.55 billion, an increase of $15 million from the linked quarter. Adjusted noninterest expense was $1.35 billion, an increase of $16 million from the linked quarter. The increases in noninterest expense and adjusted noninterest expense were primarily due to the following:
  • Marketing expense increased $15 million, mostly due to marketing promotions for Direct Bank deposits.
  • Other noninterest expense increased $8 million, largely driven by the timing of charitable contributions.
  • Third-party processing fees and equipment expense increased $7 million and $5 million, respectively, as we continue to invest in our digital infrastructure, data center modernization, and client-facing capabilities.
  • The increases above were partially offset by declines in personnel cost and adjusted personnel cost of $25 million and $21 million, respectively, largely driven by lower incentive compensation and seasonal declines as employees reach annual benefit limits, partially offset by merit increases, one additional payroll day, and higher health insurance claims.
  • The remaining net increase in noninterest expense and adjusted noninterest expense was spread amongst various noninterest expense line items.

BALANCE SHEET SUMMARY

• Loans and leases were $151.03 billion at June 30, 2026, an increase of $2.34 billion or 1.6% compared to $148.69 billion at March 31, 2026, primarily due to loan growth of $2.37 billion in the Commercial Bank segment, mainly concentrated in Global Fund Banking.
• Total investment securities were $43.56 billion at June 30, 2026, an increase of $571 million since March 31, 2026. Purchases during the current quarter remained concentrated in available for sale U.S. treasury and agency mortgage-backed securities.
• Deposits were $173.43 billion at June 30, 2026, an increase of $2.59 billion or 1.5% since March 31, 2026, primarily attributable to growth in Corporate deposits of $4.28 billion, which includes Direct Bank and brokered deposits. Deposit growth was partially offset by a decline of $1.50 billion in Commercial Bank segment deposits.
• Noninterest-bearing deposits decreased by $1.13 billion (2.6% from the linked quarter) and represented 24.5% of total deposits as of June 30, 2026, compared to 25.5% at March 31, 2026. The cost of average total deposits was 2.07% for the current quarter, compared to 2.04% for the linked quarter.
• Borrowings were $32.19 billion at June 30, 2026, a decrease of $1.77 billion compared to $33.96 billion at March 31, 2026, mainly due to a $2.50 billion prepayment of the Purchase Money Note, partially offset by the issuance of $750 million of senior notes during the current quarter.
• The Purchase Money Note declined from $35.85 billion at September 30, 2025 to $28.42 billion at June 30, 2026.
• Funding mix improved as deposits represented 84.3% of total funding at June 30, 2026 compared to 83.4% at March 31, 2026.
• Interest-earning deposits at banks were $21.13 billion at June 30, 2026, a decrease of $2.06 billion compared to $23.19 billion at March 31, 2026, a function of the balance sheet trends discussed above.

PROVISION FOR CREDIT LOSSES AND CREDIT QUALITY

• Benefit for credit losses was $10 million for the current quarter, compared to a provision for credit losses of $72 million for the linked quarter. The current quarter included a provision for loan and lease losses of $34 million that was more than offset by a benefit for off-balance sheet credit exposure of $44 million.
  • The provision for loan and lease losses for the current quarter was $34 million, compared to $103 million for the linked quarter. The $69 million decrease was mainly attributable to the impact of a $74 million reserve release in the current quarter compared to an $8 million reserve release in the linked quarter, partially offset by a decline of $3 million in net charge-offs.
    • The $74 million reserve release in the current quarter was largely driven by lower specific reserves, improvements in credit quality including updates to certain models used to estimate the allowance, changes in the macroeconomic scenarios, and growth concentrated in capital call lines which have a significantly lower loss rate relative to our other loan portfolios.
    • The $8 million reserve release in the linked quarter was driven by loan growth concentrated in capital call lines and changes in the macroeconomic scenarios, partially offset by higher reserves for individually evaluated loans.
  • The benefit for off-balance sheet credit exposure was $44 million, an increase of $12 million from $32 million for the linked quarter, primarily due to the same drivers discussed above for the provision for loan and lease losses.
• Net charge-offs were $108 million (0.29% of average loans) for the current quarter, compared to $111 million (0.30% of average loans) for the linked quarter.
• Nonaccrual loans were $1.45 billion (0.96% of loans) at June 30, 2026, compared to $1.43 billion (0.96% of loans) at March 31, 2026.
• The allowance for loan and lease losses totaled $1.48 billion at June 30, 2026, compared to $1.56 billion at March 31, 2026. The allowance for loan and lease losses as a percentage of loans was 0.98% at June 30, 2026, compared to 1.05% at March 31, 2026.

CAPITAL AND LIQUIDITY

• Capital ratios remained 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 13.37%, 11.73%, 10.77%, and 9.22%, respectively, at June 30, 2026.
• During the current quarter, we repurchased 298,907 shares of our Class A common stock for $600 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 2.80% of Class A common shares and 2.56% of total Class A and Class B common shares outstanding at March 31, 2026.
  • From inception of the 2024 Share Repurchase Plan through June 30, 2026, we have repurchased 3,141,855 shares of our Class A common stock for $6.19 billion, representing 23.23% of Class A common shares and 21.62% of total Class A and Class B common shares outstanding as of June 30, 2024.
  • As of June 30, 2026, the total capacity remaining under the 2025 Share Repurchase Plan was $1.31 billion.
• Liquidity position remains strong as liquid assets were $59.14 billion at June 30, 2026, compared to $60.72 billion at March 31, 2026.

EARNINGS CALL/ WEBCAST DETAILS

BancShares will host a conference call to discuss the company's financial results on Thursday, July 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 effect of technological change, including artificial intelligence and digital assets, 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, changes or enhancements BancShares implements with respect to risk management, technology, personnel, financial service offerings, or other areas, and the risks associated with BancShares' previously completed acquisition transactions, the pending BMO Branch Acquisition, 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

How much did First Citizens BancShares (FCNCA) earn in Q2 2026?

First Citizens BancShares reported net income of $672 million for Q2 2026. According to First Citizens BancShares, net income available to common stockholders was $640 million, or $55.52 per share, with adjusted EPS of $57.09.

What were First Citizens BancShares' key balance sheet figures in Q2 2026?

First Citizens BancShares reported $151.03 billion in loans and leases and $173.43 billion in deposits at June 30, 2026. According to First Citizens BancShares, loans increased 1.6% and deposits 1.5% compared with March 31, 2026.

How did credit quality and provisions trend for First Citizens BancShares (FCNCA) in Q2 2026?

First Citizens BancShares recorded a $10 million benefit for credit losses in Q2 2026. According to First Citizens BancShares, this compared with a $72 million provision in the prior quarter, while net charge-offs were $108 million, or 0.29% of average loans.

What capital actions did First Citizens BancShares take in Q2 2026?

First Citizens BancShares repurchased 298,907 Class A shares for $600 million and paid a $2.10 per-share dividend. According to First Citizens BancShares, remaining capacity under the 2025 Share Repurchase Plan was $1.31 billion at June 30, 2026.

What is the status of the BMO branch acquisition by First Citizens Bank?

First Citizens Bank agreed to acquire 138 branches from BMO Bank N.A. According to First Citizens BancShares, it expects to assume about $5.3 billion in deposits and acquire $700 million in loans, with closing anticipated in the third quarter of 2026.

What were First Citizens BancShares' capital ratios at June 30, 2026?

First Citizens BancShares reported an estimated CET1 ratio of 10.77% and Tier 1 risk-based ratio of 11.73%. According to First Citizens BancShares, the total risk-based capital ratio was 13.37% and the Tier 1 leverage ratio was 9.22%.

How did net interest income and margin perform for First Citizens BancShares in Q2 2026?

Net interest income reached $1.66 billion in Q2 2026, up $35 million sequentially. According to First Citizens BancShares, reported net interest margin was 3.10%, while net interest income excluding purchase accounting accretion was $1.61 billion.