Earnings ·
First Citizens BancShares reports Q3 EPS of $51.23 and authorizes $1.2B share repurchase plan for 2027
FCNCAFirst Citizens Bancshares Inc
First Citizens BancShares reported third-quarter 2026 earnings with basic and diluted EPS of $51.23, down from $55.52 in the prior year period but exceeding internal expectations. Net income available to common stockholders was $577 million, compared to $640 million in Q2 2026. The company returned $600 million to shareholders through share repurchases during the quarter and announced a new authorization to repurchase up to $1.2 billion of Class A common shares beginning in 2027. Adjusted EPS was $55.37, with an adjusted return on equity of 12.24% and a net interest margin of 3.07%. The bank also prepaid $8 billion of its FDIC Purchase Money Note during the quarter. First Citizens BancShares operates as a diversified financial services holding company providing commercial banking, wealth management, and leasing services.