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The headline numbers for First Citizens (FCNCA) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Showing its ability to navigate challenging economic conditions and make progress in integrating its purchase of Silicon Valley Bank, Raleigh-based First Citizens BancShares posted a solid first quarter on Thursday (April 25) marked by an optimistic take on consumer spending.
First Citizens BancShares (FCNCA) came out with quarterly earnings of $52.92 per share, beating the Zacks Consensus Estimate of $44.27 per share. This compares to earnings of $20.09 per share a year ago.
First Citizens (FCNCA) possesses solid growth attributes, which could help it handily outperform the market.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
RALEIGH, N.C. , April 3, 2024 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that it will report its financial results for the quarter ended March 31, 2024, before the U.S. financial markets open on Thursday, April 25, 2024.
First Citizens BancShares Inc. drew a buy rating from Goldman Sachs on Thursday as analysts said the large regional bank is well-positioned to deliver returns in the low-to-mid teens over time.
First Citizens BancShares (FCNCA) agrees to acquire Silicon Valley Bank's Indian subsidiary, SVB Global Services India LLP.
David Einhorn's Greenlight Capital stayed committed to the turbulent regional banking industry in the fourth quarter, adding positions in New York Community Bancorp. (NYCB) and First Citizens BancShares (FCNCA).
Although the revenue and EPS for First Citizens (FCNCA) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.