Filing Flows › First Citizens Bancshares (FCNCA) › Q1 2026
First Citizens Bancshares (FCNCA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
First Citizens Bancshares (FCNCA) reported revenue of $2.3B for the first quarter 2026 (Q1 2026), +0.7% from a year earlier and -5% from the quarter before. Operating margin was 30.5%, net earnings $534M (23.1% of revenue).
First Citizens Bancshares, Q1 2026: revenue $2.3B (+0.7% year over year), operating margin 30.5%, net earnings $534M, operating cash flow $172M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | -5% | +0.7% |
| Operating profit | $705M | -13% | +8% |
| Net earnings | $534M | -8% | +11% |
| Operating cash flow | $172M | -84% | +76% |
| Free cash flow | $31.0M | -96% | — |
What changed
Revenue was $2.3B in Q1 2026, up 1% year over year and down 5% from the previous quarter.
Operating profit was $0.70B, a 30.5% margin (up 2.2 points year over year). Of the extra revenue versus Q1 2025, 360% reached operating profit, above the 28% margin then. Total costs fell 2% while revenue rose 1%. Net earnings were $0.53B, up 11% year over year. The effective tax rate was 24.3%.
Operating cash flow was $0.17B (up 76% year over year), 32% of net earnings. Non-cash charges added back $0.18B of depreciation and amortization. Working capital and other items used $0.54B. Capital expenditures of $0.14B left free cash flow of $0.03B.
Questions
What was First Citizens Bancshares' revenue in the first quarter 2026?
First Citizens Bancshares (FCNCA) reported revenue of $2.3B for the first quarter 2026 (Q1 2026), +0.7% from a year earlier and -5% from the quarter before.
Was First Citizens Bancshares profitable in the first quarter 2026?
Operating profit was $705M (30.5% of revenue) and net earnings $534M.