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

First Citizens BancShares

24/01/2025 14:32

* 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