First Citizens Shares Beat Earnings And Unveil Buyback Plan

First Citizens BancShares reported third quarter 2026 results with net interest income of US$1.699b, higher net income of US$606m year on year, raised full year and fourth quarter net interest income guidance, and paired this with dividend increases plus a new US$1.2b Class A share repurchase authorization. Alongside higher earnings guidance, First Citizens BancShares is returning capital through larger common and preferred dividends while also buying back stock, which tightens the share...