First Citizens BancShares posted second-quarter net income of $672 million; net income available to common stockholders rose to $640 million, or $55.52 per share.
Net interest income increased to $1.66 billion; net interest margin edged up 1 basis point to 3.10%.
Provision swung to a $10 million benefit for credit losses; net charge-offs were $108 million, or 0.29% of average loans.
Balance sheet and capital actions
Loans and leases climbed to $151.03 billion; deposits rose to $173.43 billion, while borrowings fell to $32.19 billion on a $2.5 billion Purchase Money Note prepayment.
Management cited stronger return metrics; the bank repurchased $600 million of shares, while targeting third-quarter 2026 completion for the 138-branch BMO deal.
