First Citizens Q3 net income falls to $606 million; announces $1.2 billion buyback
First Citizens BancShares reported third-quarter 2026 net income of $606 million, down from $672 million in the second quarter, and earnings per common share of $51.23 versus $55.52. The Board also authorized a share repurchase program of up to $1.2 billion of Class A common stock during 2027, though the company is not obligated to buy any minimum amount.
Key points
- Net income available to common stockholders was $577 million, or $51.23 per share, down $63 million from $640 million, or $55.52 per share, in the second quarter.
- Adjusted earnings per common share were $55.37, compared with $57.09 in the second quarter.
- Net interest income rose $43 million to $1.70 billion, while noninterest income fell $42 million to $734 million.
- The new 2027 repurchase plan authorizes up to $1.2 billion; the company repurchased $600 million of Class A shares in the third quarter.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.