First Citizens BancShares Reports Third Quarter 2026 Earnings, Announces Additional Share Repurchase Plan
First Citizens BancShares reported Q3 2026 net income of $606 million with EPS of $51.23, down from $55.52 in the linked quarter, while net interest income rose $43 million to $1.70 billion. Balance-sheet momentum was strong: loans grew 4.1% to $157.19 billion and deposits grew 6.8% to $185.26 billion, aided by the completed acquisition of 138 BMO branches with roughly $4.9 billion in deposits. The company also repaid another $8.0 billion of the Purchase Money Note, cutting it to $20.45 billion. Capital return stepped up with $600 million of Q3 buybacks and a new Board-approved repurchase plan of up to $1.2 billion through 2027.
Key figures
- Eps
- 51.23
- Revenue
- $1.70 billion
- Nim
- 3.07%
- Loans
- 157190000000
- Deposits
- 185260000000
- Cet1 ratio
- 10.24%
- Net income
- 606000000
- Adjusted eps
- 55.37
- Bmo branches
- 138
- Total assets
- $225 billion
- Loan growth qoq
- 4.1%
- Net charge offs
- 103000000
- Bmo loans acquired
- 650000000
- Deposit growth qoq
- 6.8%
- Dividend per share
- 2.1
- Noninterest income
- 734000000
- Net interest income
- 1700000000
- Noninterest expense
- 1570000000
- Bmo deposits assumed
- 4900000000
- Net charge off ratio
- 0.27%
- Share repurchases q3
- 600000000
- New buyback authorization
- 1200000000
- Purchase money note repaid
- 8000000000
- Provision for credit losses
- 55000000
- Purchase money note remaining
- 20450000000
AI analysis
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