• First Citizens BancShares posted net income of $534 million in first-quarter 2026, down 8% from fourth-quarter 2025, while diluted EPS fell to $42.63.
• Net interest income slid 6% to $1.62 billion, with net interest margin narrowing 11 basis points to 3.09%.
• Provision for credit losses rose 33% to $72 million, while noninterest income eased 3% to $692 million.
• Deposits climbed 6% to $170.84 billion, while borrowings fell 6% to $33.96 billion after $2.5 billion of Purchase Money Note prepayments.
• Capital returns included $900 million of Class A share repurchases, while management said it expects monthly Purchase Money Note prepayments of at least $500 million throughout 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Citizens BancShares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000798941-26-000024), on May 08, 2026, and is solely responsible for the information contained therein.