First Citizens BancShares Reports Third Quarter 2026 Earnings and New Share Repurchase Plan

First Citizens BancShares, Inc. reported a net income of $577 million and an adjusted net income of $623 million for the third quarter of 2026. The Board approved a new share repurchase plan for up to $1.2 billion of Class A common shares through 2027. The company's performance was driven by strong growth in loans and deposits, alongside effective expense management, and it repaid $8.0 billion of the Purchase Money Note during the quarter.