First Citizens BancShares reported first-quarter 2026 net income of $534 million, with adjusted earnings reaching $560 million, reflecting solid loan and deposit growth alongside resilient credit quality. Earnings declined compared to the previous quarter, partly due to lower net interest income and reduced noninterest income.

The bank maintained strong capital and liquidity positions, returning $900 million to shareholders through share repurchases and prepaying $2.5 billion in debt. Deposits rose 5.7% to $170.8 billion, while loans saw modest growth. Credit metrics remained stable, with lower net charge-offs offset by a slight increase in nonaccrual loans.

Source: PR Newswire