First Citizens Bancshares Stock Earnings Reports

First Citizens reported adjusted EPS of $44.86 for Q1 2026 with adjusted ROE of 10.39% and ROA of 0.97%. Net interest margin compressed to 3.09% driven by Fed rate cuts and a shorter quarter; net interest income declined roughly $101 million sequentially but was partially offset by lower noninterest expense and stronger loan growth. Deposits grew $9.3 billion (5.7% sequentially), led by tech & health care and Global Fund Banking, and off-balance-sheet client funds rose materially. Loan balances rose modestly on a period-end basis and more meaningfully on an average basis, driven by record Global Fund Banking production. Credit remains stable overall with net charge-offs of $111 million (30 bps) and an $8 million reserve release; a small uptick in nonaccruals was isolated to a few credits. Capital returns continue: $900 million of buybacks in the quarter and $5.7 billion repurchased year-to-date, but management lowered its CET1 target range to 10.0%–10.5% and expects a moderated pace of repurchases as they approach that range. Management reiterated 2026 guidance ranges for loans, deposits, NII, fees, expenses and credit, with full-year NII guidance modestly tightened to $6.5–6.8 billion and raised noninterest income guidance to $2.12–2.22 billion. Strategic priorities include unifying the brand (innovation banking and fund banking sub-brands), investing in payments, international banking and digital assets, continued paydown of the FDIC purchase-money note ($500M–$1B/month target), and disciplined balance sheet/funding optimization (including tactical use of brokered deposits).