$FCNCA · FIRST CITIZENS BANCSHARES INC /DE/

First Citizens BancShares filed a financial supplement for the quarter ended September 30, 2026. Net income available to common stockholders was $577M ($51.23 diluted EPS), down 10% QoQ from $640M ($55.52). Adjusted diluted EPS was $55.37 vs $57.09 in Q2. Net interest income rose 2.6% QoQ to $1.699B, while NIM compressed 3 bps to 3.07%. Total deposits grew $11.8B QoQ to $185.3B and total loans increased $6.2B to $157.2B.

Extended-hours trading shows shares at $2,255.12, up 2.66% from the regular close of $2,196.76, suggesting the market is reacting positively to the deposit growth and credit quality improvement despite the sequential EPS decline.

The $11.8B deposit surge and $6.2B loan growth in a single quarter show exceptional balance sheet momentum, but NIM compression and a swing to $55M in provisioning raise questions about the quality of that growth.

The 17 bps YoY NIM compression to 3.07% mirrors regional bank margin pressure as funding costs catch up to asset yields. Strong loan growth (+6.9% YoY average) and deposit gathering distinguish FCNCA from peers struggling with both.

NIM continues to compress (3.07% vs 3.26% YoY) as deposit costs rise — interest-bearing deposit rates increased 9 bps QoQ to 2.82%. The $55M provision (vs $10M benefit in Q2) signals potential credit normalization. Noninterest-bearing deposits fell to 22.89% of total deposits from 24.49% QoQ.