First Citizens BancShares Reports Lower Q1 2026 Earnings

First Citizens BancShares ( (FCNCA) ) has provided an update.

For the first quarter of 2026, reported on April 23, 2026, First Citizens BancShares posted net income of $534 million, down from $580 million in the prior quarter, as lower net interest income and margin offset loan and deposit growth. Adjusted net income also declined, while management emphasized resilient credit quality, strong capital and liquidity, and active capital return, including $900 million of share repurchases and a $2.50 billion prepayment on the Purchase Money Note.

Net interest income fell to $1.62 billion and net interest margin slipped to 3.09% as yields on loans, securities and interest-earning deposits declined more than funding costs. Noninterest income and expenses both declined modestly, with lower marketing and professional fees partially offset by higher personnel costs and the absence of a prior-quarter gain on tax credit investments.

On the balance sheet, loans and leases grew 0.5% to $148.69 billion and deposits rose 5.7% to $170.84 billion, driven by strength in Global Fund Banking, Tech & Healthcare and corporate funding channels, while noninterest-bearing deposits increased to 25.5% of the total. Borrowings fell to $33.96 billion as the Purchase Money Note balance continued to decline, improving the funding mix to 83.4% deposits and expanding interest-earning deposits at banks to $23.19 billion.

Provision for credit losses rose to $72 million, reflecting a smaller reserve release than in the prior quarter, though net charge-offs declined and reserve releases continued to be supported by growth in lower-loss capital call lines and stable macroeconomic assumptions. Overall, the quarter underscored the bank’s strategy of rebalancing its funding, tightening expenses and returning capital while navigating margin pressure and maintaining solid credit quality, with implications for sustained but more measured earnings performance.

The most recent analyst rating on (FCNCA) stock is a Buy with a $2300.00 price target. To see the full list of analyst forecasts on First Citizens BancShares stock, see the FCNCA Stock Forecast page.

Spark’s Take on FCNCA Stock

According to Spark, TipRanks’ AI Analyst, FCNCA is a Neutral.

The score is driven by fundamentally solid but volatile financial performance (profitability and improving free cash flow offset by 2025 revenue decline and higher leverage). Technicals are the main detractor with weak momentum and the stock trading below key moving averages. Valuation is supportive (P/E ~11.5), while the earnings outlook is mixed due to expected 2026 NII/NIM pressure, elevated expenses, and credit concentration risk despite strong buybacks and tangible book growth.

To see Spark’s full report on FCNCA stock, click here.

More about First Citizens BancShares

First Citizens BancShares, Inc., headquartered in Raleigh, N.C., is a U.S. financial holding company operating First Citizens Bank. It provides commercial and consumer banking services, including loans, deposits and treasury solutions, with notable exposure to Global Fund Banking, technology and healthcare clients, and a growing Direct Bank deposit platform.

Average Trading Volume: 100,625

Technical Sentiment Signal: Strong Buy

Current Market Cap: $23.94B

For an in-depth examination of FCNCA stock, go to TipRanks’ Overview page.