First Citizens Q2 earnings beat expectations; $600M buybacks, $2.5B debt prepay

FIRST CITIZENS BANCSHARES INC /DE/

CEO says return metrics surpassed expectations and Q1; $600M returned via share repurchases in Q2.
Prepaid $2.5B of Purchase Money Note to optimize balance sheet.
BMO branch acquisition expected to close in Q3 2026; assumes ~$5.3B deposits, ~$700M loans.

item 2.02 item 7.01 item 9.01

FIRST CITIZENS BANCSHARES INC /DE/ filing history →

Source: SEC EDGAR

accession 0000798941-26-000027

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