First Citizens Bank Completes Branch Acquisition, Expanding Presence Across the Midwest, Great Plains and West

First Citizens BancShares (FCNCA) completed the acquisition of 138 BMO Bank branches across 11 states, with expected deposits of $5.3B and loans of $700M. The deal may lower funding costs and expand market presence, but deposit retention and loan deployment are key risks. FCNCA held $151.03B in loans and $32.19B in borrowings as of June 2026.

FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA) filed an SEC Form 8-K — Other Events. First Citizens Bank Completes Branch Acquisition, Expanding Presence Across the Midwest, Great Plains and West • Associated client accounts have transitioned to First Citizens Bank platforms • Regional leadership appointments, $1 million giving commitment reinforce Bank’s investm

First Citizens BancShares said it repaid $8.5 billion to the FDIC to reduce debt tied to its Silicon Valley Bank acquisition. It paid $2.5 billion on an FDIC purchase money note in Q2 and another $1 billion in July, with planned monthly payments of $500 million to $1 billion. The bank reported Q2 net interest income of $1.66 billion and net income of $672 million.

First Citizens BancShares (Nasdaq: FCNCA) reported Q2 2026 net income of $672 million, up from $534 million in Q1 2026. Adjusted net income rose to $691 million. Net interest income increased to $1.66 billion and NIM was 3.10%. The bank also agreed to acquire 138 BMO branches, expecting $5.3B deposits and $700M loans by Q3 2026.

FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.3 4 ex_993financialsupplement-.htm EX-99.3 Document Financial Supplement First Citizens BancShares, Inc. June 30, 2026 Summary Financial Data and Metrics Three Months Ended Increase (Decrease) From LQ (4) Six Months Ended Increase (Decrease) From PYTD dollars in millions, e

The Fed said 32 large US banks passed its annual stress test, remaining above minimum capital requirements despite hypothetical losses of over $700 billion in a severe downturn. The aggregate high-quality capital ratio fell from 12.8% to 11.2%. Several banks announced dividend increases, including JPMorgan to $1.65/share and Goldman Sachs to $5/share.