First Citizens BancShares, Inc. serves as the parent company for First-Citizens Bank & Trust Company, furnishing a complete spectrum of retail and commercial banking solutions for individuals, businesses, and professionals. Its deposit product range features checking, savings, money market, and time deposit accounts. The company's diverse lending portfolio includes commercial construction and land development loans, commercial mortgages, commercial and industrial loans, lease financing, and Small Business Administration Paycheck Protection Program (PPP) loans. For consumer clients, it offers residential and revolving mortgages, construction and land development loans, auto loans, and various other personal credit options. Beyond traditional banking, First Citizens delivers treasury services, cardholder and merchant services, and comprehensive wealth management. It also provides investment products such as annuities, discount brokerage services, access to third-party mutual funds, and expert investment management and advisory services. Furthermore, the company extends specialized trust and fiduciary offerings, covering defined benefit and defined contribution plans, insurance, private banking, philanthropic services, and special asset management. These services are accessible through its extensive branch network, alongside digital banking, telephone banking, and various ATM networks. By December 31, 2021, First Citizens operated 529 branches spanning nineteen states: Arizona, California, Colorado, Florida, Georgia, Kansas, Maryland, Missouri, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, and Wisconsin. Founded in 1898, First Citizens BancShares, Inc. is headquartered in Raleigh, North Carolina.
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. Credit quality remained resilient, with net charge-offs of 0.27% and nonaccrual loans down to 0.87% of loans.