FCNCA Stock Recent News

GWRE, REZI, NECB, MSA and FCNCA have been added to the Zacks Rank #1 (Strong Buy) List on November 7, 2023.

First Citizens (FCNCA) possesses solid growth attributes, which could help it handily outperform the market.

First Citizens BancShares, Inc. (NASDAQ:FCNCA ) Q3 2023 Results Conference Call October 26, 2023 9:00 AM ET Company Participants Deanna Hart - Senior Vice President of Investor Relations Frank Holding - Chairman and Chief Executive Officer Craig Nix - Chief Financial Officer Andy Giangrave - EVP, Chief Credit Officer of the Commercial Bank Randy Martin - SVP, Branch Development and Project Management Tom Eklund - Treasurer Conference Call Participants Stephen Scouten - Piper Sandler Brady Gailey - KBW Steven Alexopoulos - JP Morgan Christopher Marinac - I2BBA Brian Foran - Autonomous Brody Preston - UBS Operator Ladies and gentlemen, thank you for standing by. And welcome to the First Citizens Bancshares Third Quarter 2023 Earnings Conference Call.

First Citizens BancShares (FCNCA) came out with quarterly earnings of $55.92 per share, beating the Zacks Consensus Estimate of $48.35 per share. This compares to earnings of $20.77 per share a year ago.

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

First Citizens (FCNCA) possesses solid growth attributes, which could help it handily outperform the market.

First Citizens (FCNCA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

First Citizens is still in the early days of stabilizing and integrating the former Silicon Valley Bank, and investors will likely be closely watching the SVB deposit numbers in Q3'23. SVB provides a virtually unique growth opportunity for First Citizens; not only was it a leader in banking to emerging tech-driven companies, but it also complements the deposit-hungry CIT operations. It's too soon to say whether the VCs, equity funds, and client companies who pulled their deposits and drove the collapse of SVB will come back to the bank.

Analysts at Wedbush Securities initiated coverage of First Citizens with an Outperform rating and $1,700 price target. This follows a bullish initiation from J.P.

RALEIGH, N.C. , Oct. 4, 2023 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that it will report its financial results for the third quarter ended Sept.