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First Citizens BancShares FCNCA Q1 2026 earnings

Reported April 23, 2026 · Before market open

Revenue$2.2BBeat by $70.3MDiluted EPS$44.86Beat by $5.84
Revenue estimate$2.2B
EPS estimate$39.02

Next report

Jul 23, 2026 (In 1 week)
Revenue estimate$2.2B
EPS estimate$40.64

Financials

Q1 2026

Income statement

See full
Revenue$2.3B+0.7%
Net income$534.0M+10.6%
EPS (diluted)$42.63+23.7%

Balance sheet

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Cash & equivalents$1.1B+33.0%
Total debt$34.5B-12.0%
Total equity$22.0B-1.1%
Total assets$235.96B+3.1%

Cash flow

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Operating cash flow$172.0M+75.5%
CapEx$141.0M+36.9%
Free cash flow$31.0M+720%

Valuation & ratios

Valuation

as of 07/09/26
See full
Market cap$23.69B-11.1%
Enterprise value$57.13B-12.2%
P/E10.5×0.0×
P/S2.5×-0.3×

Profitability

See full
Net margin23.6%-2.7pp
FCF margin23.5%+0.8pp

Returns & leverage

See full
Return on equity10.2%-1.3pp
Debt / equity1.6×-0.2×

Segments

By product

See full
Deposit fees and service charges$70.0M+20.7%
Lending-related fees$69.0M+4.5%
Wealth management services$59.0M+5.4%
Client investment fees$53.0M0.0%
Cardholder services, net$38.0M-7.3%

By segment

See full
Commercial Bank$1.1B+4.2%
General Bank$985.0M+3.5%
Rail$177.0M+7.9%

Versus estimates

Revenue

Q1 2026$2.2BBeat by $70.3M
Q4 2025$2.4BBeat by $173.9MQ3 2025$2.4BBeat by $213.3MQ2 2025$2.4BBeat by $190.0MQ1 2025$2.3BBeat by $105.6MQ4 2024$2.4BBeat by $155.9M

Diluted EPS

Q1 2026$44.86Beat by $5.84
Q4 2025$0.51Beat by $0.07Q3 2025$44.62Beat by $2.75Q2 2025$44.78Beat by $5.07Q1 2025$37.79Miss by $0.12Q4 2024$45.10Beat by $5.78

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Questions, answered.

When did First Citizens BancShares report Q1 2026 earnings?
First Citizens BancShares (FCNCA) reported Q1 2026 earnings on April 23, 2026 before market open.
What were First Citizens BancShares's Q1 2026 revenue and EPS?
First Citizens BancShares reported revenue of $2.2B and diluted EPS of $44.86 for Q1 2026.
Did First Citizens BancShares beat estimates in Q1 2026?
Revenue beat the consensus estimate of $2.2B by $70.3M. EPS beat the consensus estimate of $39.02 by $5.84.
How did First Citizens BancShares's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 2.3% from $2.3B a year earlier and diluted EPS grew 18.7% from $37.79.
Where can I find First Citizens BancShares's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000798941-26-000018) and the 10-Q periodic report (0000798941-26-000024) directly on SEC EDGAR. The filing index links above go to sec.gov.