For Q1 FY2026 (ended March 31, 2026), First Citizens BancShares reported revenue of $2.313 billion, up 65.3% year-over-year. Net income was $534 million, a 10.6% increase, while diluted EPS rose 23.7% to $42.63. The company had total equity of $22.048 billion and long-term debt of $33.792 billion.
•Revenue increased 65.3% YoY to $2.313 billion.
•Net income rose 10.6% to $534 million.
•Diluted EPS grew 23.7% to $42.63.
•Total equity stood at $22.048 billion with long-term debt of $33.792 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
First Citizens BancShares is the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and globally.
Its business is organized into the General Bank, Commercial Bank, and Rail segments. The General Bank segment offers deposit products, including checking, savings, money market, and time deposit accounts.
Its portfolio also includes conforming and jumbo residential mortgage, and business and commercial loans, brokerage, investment advisory, private stock loans, other secured and unsecured lending products, and vineyard development loans, planning-based financial strategies, family office, financial planning, tax planning, and trust services, and payment and treasury services.
This segment also includes a community association bank business that supports deposit, cash management, and lending to homeowner associations and property management companies. Its Commercial Bank segment provides a range of leasing, capital markets, asset management, and financial and advisory services.
Its portfolio also includes factoring, receivable management, supply chain financing, and secured financing services, and commercial deposit products and services through online and mobile banking platforms
Physical locations. The Rail segment offers customized leasing and financing solutions on a fleet of railcars and locomotives to railroads and shippers. Its railcar types include covered hopper cars used to ship grain and agricultural products, plastic pellets, sand, and cement.
Its portfolio also includes tank cars for energy products and chemicals, gondolas for coal, steel coil and mill service products, open-top hopper cars for coal and aggregates, boxcars for paper and auto parts, and centerbeams and flat cars for lumber. Founded in 1898, First Citizens BancShares is headquartered in Raleigh, North Carolina.
What does First Citizens BancShares, Inc. (FCNCA) do?
First Citizens BancShares, Inc. is the holding company for First-Citizens Bank & Trust Company, offering a wide range of retail and commercial banking services to individuals, businesses, and professionals in the United States and globally. Its operations are organized into three segments: General Bank, Commercial Bank, and Rail. The General Bank segment provides deposit products like checking, savings, and time deposit accounts, as well as residential mortgages, business loans, brokerage, investment advisory, trust services, and payment services. It also includes a community association bank business. The Commercial Bank segment offers leasing, capital markets, asset management, factoring, receivable management, supply chain financing, and commercial deposit products. The Rail segment provides customized leasing and financing solutions for railcars and locomotives, serving railroads and shippers with equipment such as covered hopper cars for grain and plastic pellets.
Where is First Citizens BancShares (FCNCA) listed and in which currency?
First Citizens BancShares, Inc. is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol FCNCA. Its financial reports and stock trading are denominated in US Dollars (USD), reflecting its primary operations in the United States. As a US-based financial services company, its shares are traded in USD on a major US exchange, providing liquidity and accessibility to investors globally.
What sector and industry does First Citizens BancShares (FCNCA) belong to?
First Citizens BancShares, Inc. operates in the Financial Services sector, specifically within the Banks - Regional industry. This classification indicates that the company is a regional bank holding company, focusing on providing banking and financial services primarily in specific regions of the United States, though it also serves clients globally. As a regional bank, it offers a mix of retail and commercial banking products, including deposits, loans, and wealth management services, distinguishing it from larger national or money center banks.
Where is First Citizens BancShares headquartered and what markets does it serve?
First Citizens BancShares, Inc. is headquartered in the United States, with its primary operations conducted through First-Citizens Bank & Trust Company. The company serves customers both domestically and globally, as indicated in its description summary. Its General Bank segment provides services to individuals and businesses across the US, including a community association bank business that supports homeowner associations and property management companies. The Commercial Bank segment offers services to commercial clients, and the Rail segment provides leasing solutions to railroads and shippers, indicating a broad geographic reach within the US and potentially international markets.
How does First Citizens BancShares (FCNCA) make money?
First Citizens BancShares generates revenue through three main business segments. The General Bank segment earns income from net interest income on loans and deposits, as well as fees from brokerage, investment advisory, trust services, and payment processing. It also offers vineyard development loans and private stock loans. The Commercial Bank segment generates revenue through leasing, capital markets activities, asset management fees, factoring, receivable management, supply chain financing, and commercial deposit services. The Rail segment provides customized leasing and financing solutions for railcars and locomotives, earning lease income and financing fees from railroads and shippers. This diversified model allows the company to balance traditional banking income with specialized financial services and asset-based lending.