First Citizens BancShares Inc (Delaware) reports results for the quarter ended in September 30 - Earnings Summary

First Citizens BancShares

24/10/2024 17:08

* First Citizens BancShares Inc (Delaware)  FCNCA.OQ 
reported
quarterly adjusted earnings of $45.87​​ per share for the
quarter ended September 30, lower than the same quarter last
year, when the company reported EPS of $55.92.  The mean
expectation of twelve analysts for the quarter was for earnings
of $47.40 per share. Wall Street expected results to range from
$43.10  to $51.55 per share.
    * Revenue fell 0.5% to $2.45 billion from a year ago;
analysts
expected $2.39 billion. 
    * First Citizens BancShares Inc (Delaware)'s reported EPS
for the
quarter was $43.42​.
    * The company reported quarterly net income of $624 million.
    * First Citizens BancShares Inc (Delaware) shares had risen
by 13.1% this quarter and gained 46.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 5
"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 $2,200.00 
This summary was machine generated from LSEG data October 24 at
04:08 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
 Sep. 30 2024      47.40          45.87          Missed
 Jun. 30 2024      44.78          50.87          Beat
 Mar. 31 2024      43.34          52.92          Beat
 Dec. 31 2023      47.98          46.58          Missed