First Citizens Bancshares

Q2 FY2026 EarningsQ2 FY26 results significantly beat consensus expectations across the board, with total revenue of $2,432M (+12.42% variance) and Net Income (GAAP) of $672M (+41.69% variance). A major driver was a massive EBIT beat ($891M vs. $806M expected, +10.51%) fueled by a $10M benefit for credit losses compared to a prior year provision. Net interest margin of 3.10% also exceeded the 3.06% consensus, benefiting from higher loan yields and strategic prepayments of the FDIC Purchase Money Note.