First Citizens Q1 net income falls 8% to $534 million

First Citizens BancShares, Inc. Class A

First Citizens BancShares, Inc. Class A

FCNCA

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  • First Citizens BancShares posted net income of $534 million in first-quarter 2026, down 8% from fourth-quarter 2025, while diluted EPS fell to $42.63.
  • Net interest income slid 6% to $1.62 billion, with net interest margin narrowing 11 basis points to 3.09%.
  • Provision for credit losses rose 33% to $72 million, while noninterest income eased 3% to $692 million.
  • Deposits climbed 6% to $170.84 billion, while borrowings fell 6% to $33.96 billion after $2.5 billion of Purchase Money Note prepayments.
  • Capital returns included $900 million of Class A share repurchases, while management said it expects monthly Purchase Money Note prepayments of at least $500 million throughout 2026.


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