$FCNCA

First Citizens Bank said it will consolidate its factoring, asset-based lending, supply chain finance, international factoring and receivables purchasing units into a new “Working Capital Finance” group. The businesses currently operate as CIT Commercial Services and will rebrand in Q4. Parent First Citizens BancShares (NASDAQ: FCNCA) said the group expands financing and treasury solutions for middle-market clients.

First Citizens Bank (NASDAQ: FCNCA) will combine its factoring, asset-based lending, supply chain finance, international factoring and receivables purchasing under a new Working Capital Finance group. The businesses currently run as CIT Commercial Services will rebrand to First Citizens Bank in Q4 2026, offering middle-market working capital and treasury solutions for cash flow and growth.

First Citizens BancShares (Nasdaq: FCNCA) said its board declared quarterly dividends payable Sept. 15, 2026 to holders of record Aug. 31, 2026. It set $2.10 per share on Class A and B common stock, plus preferred dividends ranging from $0.351563 to $20.183676 per share depending on series.

Barclays analyst Jason Goldberg kept a Hold rating on First Citizens BancShares (FCNCA) and set a $2,346 price target. TipRanks notes an analyst consensus Hold and a $2,289.33 average target. For the quarter ended March 31, FCNCA reported $3.48B revenue and $534M net profit versus $3.53B revenue and $483M net profit a year earlier.

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 reported Q2 CY2026 results. Revenue rose 10.1% year on year to $2.43 billion, exceeding Wall Street estimates by 12.5%, according to the company. Non-GAAP profit was $57.09 per share, 42.2% above consensus. The article also cites tangible book value per share trends and notes the stock was flat at $2,077 after the report.

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 (Nasdaq: FCNCA) said its board declared quarterly dividends payable Sept. 15, 2026 to holders of record Aug. 31, 2026. It set $2.10 per share on Class A and B common stock, plus preferred dividends ranging from $0.351563 to $20.183676 per share, depending on series.

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.