First Citizens BancShares, Inc. reports results for the quarter ended September 30 - Earnings Summary

• First Citizens BancShares, Inc. reported quarterly adjusted earnings of $55.37​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $43.08. The mean expectation of thirteen analysts for the quarter was for earnings of $46.02 per share. Wall Street expected results to range from $43.94 to $48.86 per share.

• Revenue held steady 0% to $2.43 billion from a year ago; analysts expected $2.32 billion.

• First Citizens BancShares, Inc.'s reported EPS for the quarter was $51.23​.

• The company reported quarterly net income of $577 million.

• First Citizens BancShares, Inc. shares had risen by 6.6% this quarter and gained 2.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% 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 "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 11 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for First Citizens BancShares, Inc. is $2,300.00, about 4.5% above its last closing price of $2,196.76

This summary was machine generated from LSEG data October 23 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)