First Citizens BancShares Reports Third Quarter 2026 Earnings, Announces Additional Share Repurchase Plan
PR Newswire•23/10/2026•06:30 ET
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Key Highlights
- ➤Q3 net income available to common stockholders $577 million, or $51.23 per share
- ➤Loans and leases increased 4.1% to $157.19 billion
- ➤Deposits increased 6.8% to $185.26 billion, including BMO acquisition deposits
- ➤First Citizens completed BMO acquisition of 138 branches, assuming approximately $4.9 billion deposits
- ➤Board authorized up to $1.2 billion in Class A share repurchases through 2027
Expert Statements
Frank B. Holding, Jr., Chairman and CEO of First Citizens BancShares
“Third quarter performance exceeded our expectations, fueled by strong, high quality top-line growth, accelerated loan and deposit growth, highly resilient credit quality, and expense discipline. We returned $600 million to our stockholders through share repurchases and further optimized our balance sheet by repaying another $8.0 billion of the Purchase Money Note. Additionally, we are pleased to announce the approval by our Board of Directors of a new share repurchase plan, authorizing the repurchase of up to $1.2 billion of our Class A common shares through 2027, a testament to our dedication to long-term value creation and returning capital to our stockholders.”
First Citizens BancShares Reports Third Quarter 2026 Earnings, Announces Additional Share Repurchase Plan PR Newswire
RALEIGH, N.C., Oct. 23, 2026 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (Nasdaq: FCNCA) reported earnings for the third quarter of 2026.
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