First Citizens BancShares posted a net income of $672 million in Q2 2026, up from $534 million in Q1, driven by loan growth, higher net interest income, and disciplined expense management. The bank is progressing with its acquisition of 138 BMO Bank branches, expected to close in Q3 2026, which will add $5.3 billion in deposits and $700 million in loans. The company also returned $600 million to shareholders via share repurchases and prepaid $2.5 billion of debt, maintaining strong capital and liquidity positions. These results highlight First Citizens' ongoing expansion and financial strength amid a competitive banking environment.
First Citizens BancShares reported strong Q2 2026 earnings of $57.09 per share, beating estimates by over 41%, with revenues of $2.24 billion surpassing expectations. Jefferies raised the stock's price target to $2,300, signaling a 4.35% upside. The ...
First Citizens BancShares announced quarterly dividends payable on September 15, 2026, to shareholders of record as of August 31, 2026. The company declared a $2.10 per share dividend on its Class A and B common stock, along with dividends on various...
