First Citizens BancShares (FCNCA) Q3 2026 earnings summary

Executive summary

• Adjusted net income was $652M and adjusted diluted EPS was $55.37; adjusted ROE was 12.24% and adjusted ROA was 1.08%.

• Period-end loans rose 4.1% and deposits 6.8% QoQ, supported by organic growth and the BMO branch acquisition; credit quality remained resilient.

Financial highlights

• Reported net income was $606M and diluted EPS was $51.23; adjusted net income was $652M, down 5.6% QoQ and up 11.0% YoY.

• Net interest income was $1.699B, up $43M QoQ; adjusted noninterest income was $575M, down $11M QoQ, primarily reflecting a $37M change in warrant income.

• Adjusted noninterest expense was $1.355B, up 0.6% QoQ; adjusted net revenue grew 1.4% sequentially, producing positive adjusted operating leverage.

Outlook and guidance

• FY26 NII guidance rose to $6.68B–$6.75B; Q4 NII is forecast at $1.70B–$1.77B, assuming zero to one 25-bp rate hike in Q4.

• FY26 adjusted noninterest income is forecast at $2.22B–$2.26B and adjusted expense at $5.39B–$5.43B; Q4 loans are projected at $158B–$161B and deposits at $189B–$192B.

• PMN prepayments are forecast at $3.5B–$4.0B quarterly, with full repayment planned by year-end 2027; Q4 net charge-offs are forecast at 30–35 bps.