First Citizens BancShares Inc Preferred Series C traded at $19.94, marking a 52‑week low that is just above the $20.03 level referenced in the headline. Over the preceding 12 months the security has declined 11.19% and continues to offer a dividend yield of 7.0%.
In the second quarter the bank posted adjusted net income of $691 million, exceeding internal and consensus expectations. Adjusted earnings per share rose to $57.09, representing more than a 20% increase from the prior quarter. Adjusted return on equity stood at 12.94% and adjusted return on assets at 1.18%. Non‑interest income grew by $66 million versus the previous quarter, aided by asset monetization, investment fees and gains from the equity warrant portfolio. The net‑charge‑off ratio improved to 29 basis points, which was better than the bank’s own guidance.
Management affirmed its full‑year outlook but noted ongoing pressure from intense deposit competition and rising funding costs. The figures were released on September 10, 2026 at 03:11 PM.
