Quarterly ResultApr 23, 2026, 07:01 AM
First Citizens Bancshares Q1 Net Income Falls 10.2% to $508M
AI Summary
FIRST CITIZENS BANCSHARES INC /DE/ reported a decline in key profitability metrics for the quarter ended March 31, 2026. Net income available to common stockholders fell to $508 million, and diluted EPS decreased to $42.63. Net interest income also saw a notable reduction, while total deposits experienced growth. The net interest margin compressed during the quarter.
Key Highlights
- Net income available to common stockholders was $508 million, down 10.2% from the prior quarter.
- Diluted earnings per common share (EPS) was $42.63, a decrease of 6.9% from the prior quarter.
- Net interest income decreased by 5.9% to $1,621 million.
- Total deposits increased by 5.7% to $170,842 million.
- Net interest margin (NIM) was 3.09%, down 11 basis points from the prior quarter.