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)