FIRST CITIZENS BANCSHARES INC /DE/ files 10-Q

First Citizens BancShares reported a net income of $534 million for the quarter ended March 31, 2026, a slight increase from the prior year quarter, driven by higher noninterest income and a lower provision for credit losses. However, net interest income decreased due to higher deposit costs and lower yields on assets. The company also repurchased $900 million of its Class A common stock and issued $400 million in Series E preferred stock.