First Citizens BancShares Inc (Delaware) reports results for the quarter ended December 31 - Earnings Summary

Reuters
24 Jan
First Citizens BancShares Inc (Delaware) reports results for the quarter ended December 31 - Earnings Summary
  • First Citizens BancShares Inc (Delaware) FCNCA.OQ reported quarterly adjusted earnings of $45.10​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $46.58. The mean expectation of fourteen analysts for the quarter was for earnings of $39.23 per share. Wall Street expected results to range from $36.54 to $41.30 per share.

  • Revenue rose 1.8% to $2.41 billion from a year ago; analysts expected $2.27 billion.

  • First Citizens BancShares Inc (Delaware)'s reported EPS for the quarter was $43.42​.

  • The company reported quarterly net income of $685 million.

  • First Citizens BancShares Inc (Delaware) shares had risen by 4.9% this quarter.

FORECAST CHANGES

  • The mean earnings estimate of analysts had fallen by about 3.8% in the last three months.​

  • In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

  • The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for First Citizens BancShares Inc (Delaware) is $2,428.00

This summary was machine generated from LSEG data January 24 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Dec. 31 2024

39.23

45.10

Beat

Sep. 30 2024

47.40

45.87

Missed

Jun. 30 2024

44.78

50.87

Beat

Mar. 31 2024

43.34

52.92

Beat

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