First Citizens BancShares Q3 2026 net income falls 10% quarter-on-quarter to $606 million
First Citizens BancShares’ third-quarter 2026 net income fell 10% quarter-on-quarter to $606 million, while rising 7% year-over-year. Net interest income reached $1.7 billion, and the company announced a $1.2 billion share repurchase plan starting in 2027.
1. Quarterly results
First Citizens BancShares’ third-quarter 2026 net income was $606 million, down 10% from the second quarter but up 7% from a year earlier. Net interest income climbed from the second quarter to $1.7 billion, supported by balance sheet growth. Provision for credit losses fell 71% year over year to $55 million, while deposits increased 7% from the second quarter to $185.26 billion.
2. Share repurchases
The company repurchased $600 million of shares in the third quarter and plans to begin a $1.2 billion Class A common stock repurchase plan in 2027.
