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

First Citizens BancShares Inc (Delaware) FCNCA.OQ reported quarterly adjusted earnings of $42.36​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $50.87.  The mean expectation of fifteen analysts for the quarter was for earnings of $39.31 per share. Wall Street expected results to range from $37.00  to $41.67 per share.

Revenue fell 3.5% to $2.37 billion from a year ago; analysts expected $2.27 billion.

First Citizens BancShares Inc (Delaware)'s reported EPS for the quarter was $42.36​.

The company reported quarterly net income of $561 million.

First Citizens BancShares Inc (Delaware) shares had risen by 8.0% this quarter and held steady so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 2.2% in the last three months.​

In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "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 $2,175.00, about 2.8% above its last closing price of $2,113.83

This summary was machine generated from LSEG data July 25 at 01:31 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 202539.3142.36Beat
Mar. 31 202537.9137.79Missed
Dec. 31 202439.2345.10Beat
Sep. 30 202447.4045.87Missed

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