First Citizens BancShares completed its acquisition of 138 branches from BMO Bank N.A., effective September 4, 2026. The transaction added approximately $5 billion in deposits and $650 million in loans to the bank's balance sheet. This expansion brings First Citizens' total branch network to over 600 locations nationwide, strengthening its presence in the Midwest, Great Plains, and West regions. The company appointed new regional leadership to manage the expanded footprint and committed approximately $1 million in community investments for 2026 and 2027. First Citizens BancShares operates as a diversified financial services holding company providing banking, wealth management, and commercial lending services.

First Citizens BancShares reported second quarter 2026 net income of $672 million, or $55.52 per common share, increasing from $534 million in the first quarter. Net interest income rose to $1.66 billion, up $35 million sequentially, while net interest margin was 3.10%. The company repurchased $600 million of Class A common stock during the quarter and prepaid $2.5 billion of its Purchase Money Note. Total deposits reached $173.43 billion, a 1.5% increase from the previous quarter. The company also noted progress on its pending acquisition of 138 BMO Bank N.A. branches, expected to close in the third quarter of 2026. First Citizens BancShares is a financial holding company providing banking, commercial lending, and investment services.