First Citizens Q1 FY26 net income drops 7.9% to $534 million; NIM narrows 11 bps to 3.09%

• First Citizens BancShares posted first-quarter 2026 net income of $534 million, down 7.9% from the prior quarter; net income available to common stockholders fell to $508 million, or $42.63 per share.
• Revenue narrowed to $2.31 billion from $2.43 billion, as net interest income slipped to $1.62 billion and noninterest income eased to $692 million.
• Net interest margin tightened 11 basis points to 3.09% on lower yields tied to lower interest rates.
• Provision for credit losses rose to $72 million while net charge-offs declined to $111 million, or 0.3% of average loans.
• Management cited loan and deposit growth and said it returned $900 million via share repurchases while prepaying $2.5 billion of the Purchase Money Note.

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