stockrowLatest quarter
First Citizens reported Q2 FY2026 revenue of $3.6 billion, compared with $3.6 billion a year earlier. Diluted earnings per share rose to $55.52 from $42.36, an increase of 31.1%.
The company reported an operating margin of 27.5%, compared with 23.7% a year earlier. Free cash flow was $952.0 million, up from $740.0 million. In its filing, First Citizens attributed the increase in net income from the preceding quarter to lower credit-loss provisions and higher noninterest and net interest income, partly offset by higher expenses and income tax. It said higher yields and average balances on loans and investment securities contributed to the sequential increase in net interest income.
For the later quarter ended September 30, 2026, First Citizens reported adjusted earnings per share of $55.37 against the consensus estimate of $46.61. Revenue as counted by the consensus was $2.3 billion, above the $2.2 billion estimate.
| Q2 FY2026 | Q2 FY2025 | Change | |
|---|---|---|---|
| Revenue | $3.6 billion | $3.6 billion | 0.11% |
| Diluted EPS | $55.52 | $42.36 | 31.1% |
| Gross margin | 67.1% | 65.5% | 1.6 percentage points |
| Operating margin | 27.5% | 23.7% | 3.8 percentage points |
| Free cash flow | $952.0 million | $740.0 million | 28.6% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $55.37 | $46.61 | Beat by 18.8% |
| Revenue | $2.3 billion | $2.2 billion | Beat by 1.86% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
An earnings call is not available, so management’s call commentary and analysts’ questions cannot be reported.
Guidance
The company’s current guidance is not available. As a result, its outlook cannot be compared with its previous guidance, and changes to that outlook cannot be identified.