First Citizens Q2 net income rises 17% to $672.0M on lower credit costs and higher fees

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~1 min read

Key Changes

• high

  Net income rose 16.9% to $672.0M, driven by a benefit for credit losses versus a provision a year ago.

  MD&A: Earnings verify on EDGAR →
• high

  The bank prepaid of its FDIC purchase money note in H1 2026, incurring a loss on extinguishment, and expects -8B more in Q3.

  MD&A: Purchase Money Note verify on EDGAR →
• high

  Pending acquisition of 138 BMO branches is expected to close in Q3 2026, adding in deposits and in loans.

  Notes: BMO Branch Acquisition verify on EDGAR →