EarningsQ2 2026 Earnings Report
DE:FC6A Q2 2026 EPS Results
Actual EPS€50.83
Consensus EPS€36.23
Beat/MissBeat by +€14.60
One Year Ago EPS€39.87
DE:FC6A Q2 2026 Revenue Results
Actual Revenue€3.21B
Expected Revenue€1.95B
Beat/MissBeat by +€1.26B
YoY Revenue Growth-0.22%
Earnings Announcement Details
QuarterQ2 2026
Date07/23/2026
TimeBefore Open
Conference CallThursday, July 23, 2026
DE:FC6A Upcoming Earnings
First Citizens BancShares's next earnings date is estimated for October 23, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:FC6A Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call reflects a mixed but constructive outlook: the bank delivered meaningful improvement in profitability (strong net income and nine consecutive quarters of NIM expansion), strengthened capital and continued active capital return (buybacks/dividend), and showed credit improvement in criticized loans. However, these positives are offset by notable near-term balance sheet headwinds — accelerated loan payoffs, declines in loans and deposits, lower mortgage production and modest increases in certain noninterest expenses — which have reduced near-term revenue growth visibility. Management emphasizes proactive portfolio management, relationship-focused growth and operating efficiencies to drive improvement over time.Company Guidance
Strong Quarter Profitability
Net income of $83.9 million, or $0.87 per diluted share, in Q2 2026 versus $60.2 million or $0.61 in Q1 2026 (approximately +39% quarter-over-quarter increase).
Net Interest Margin Expansion
Fully taxable equivalent net interest margin (NIM) expanded to 3.48% in Q2 2026 from 3.43% in Q1 2026 and 3.32% in Q2 2025, marking the ninth consecutive quarter of NIM expansion and a 16 basis point improvement over the prior 12 months.
NII and Loan Yield Stability
Net interest income increased $1.5 million (0.7% QoQ) to $202.2 million; yield on average loans increased 2 basis points to 5.62% while investment security yields rose from 2.72% to 2.98%.
Improved Funding Costs and Deposit Mix
Total deposit costs declined 3 basis points QoQ and total funding costs decreased 4 basis points QoQ; total deposit cost improved from 1.33% to 1.17% (period referenced), and noninterest-bearing balances returned to growth year-over-year when adjusted for sold deposits.
Noninterest Income Boost from Branch Transaction
Noninterest income was $61.7 million, up $20.6 million QoQ, driven largely by a $19.5 million gain from a branch transaction closed in Q2.
Capital and Shareholder Returns
Common Equity Tier 1 ratio of 14.54% (up 24 basis points QoQ) and leverage ratio 9.59%; repurchased ~1.9 million shares in Q2 for ~$69 million (total repurchases ~8 million shares / $270 million since program inception) and increased repurchase authorization by $150 million to $450 million total. Declared quarterly dividend of $0.47 per share (annualized yield ~5.3% based on Q2 average closing price).
Credit Quality Improvements in Criticized Loans
Criticized loans declined $95.8 million, down 9.3% QoQ and down 22% over the past 12 months, reflecting resolution of reserved credits and proactive portfolio management.
Operational and Strategic Progress
Continued operating model optimization with alignment of staffing, a structurally lower staffing level versus pre-reorg while adding 14 relationship managers year-to-date; investments in branding, data management and digital capabilities; metrics over prior 12 months: average deposits per diluted share +2%, average deposits per branch +6%, net interest income per share +4%.
DE:FC6A Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed