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First Citizens BancShares FCNCA Initial Non-PCD Provision

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Other financials

Income statement

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Revenue$2.4B+2.5%
Net income$672.0M+16.9%
EPS (diluted)$55.52+31.1%

Balance sheet

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Cash & equivalents$1.5B+70.9%
Total debt$32.7B-16.1%
Total equity$21.9B-1.8%
Total assets$236.84B+3.1%

Cash flow

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Operating cash flow$1.0B+21.4%
CapEx$102.0M-19.0%
Free cash flow$941.0M+28.4%

Valuation

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Market cap$25.37B+4.9%
Enterprise value$56.58B-9.2%
P/E10.8×+0.7×
P/S2.6×+0.1×

Profitability

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Net margin24.5%-0.7pp
FCF margin25.6%-1.8pp

Returns & leverage

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Return on equity10.7%-0.1pp
Debt / equity1.5×-0.3×

Where this comes from

Reported directly by First Citizens BancShares in its filing.

Tagged under the XBRL concept fcnca:FinancingReceivableCreditLossExpense.

The source filing: First Citizens BancShares’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 8:33 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000798941-26-000031
dollars in millionsThree Months Ended June 30, 2026 / CommercialThree Months Ended June 30, 2026 / ConsumerThree Months Ended June 30, 2025 / TotalThree Months Ended June 30, 2025 / CommercialThree Months Ended June 30, 2025 / ConsumerTotal
Balance at beginning of period$1,428$130$1,558$1,517$163$1,680
Provision for loan and lease losses28634111111
Charge-offs(122)(8)(130)(137)(7)(144)
Recoveries1932221425
Balance at end of period$1,353$131$1,484$1,512$160$1,672

Item 1. Financial Statements.

FAQ

What is First Citizens BancShares's initial non-pcd provision?
First Citizens BancShares (FCNCA) reported initial non-pcd provision of $34M in Q2 2026.
How has First Citizens BancShares's initial non-pcd provision changed year-over-year?
First Citizens BancShares's initial non-pcd provision decreased by 69.4% year-over-year, from $111M to $34M.
What does initial non-pcd provision mean?
Initial Non-PCD Provision as reported by First Citizens BancShares Inc.

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