* First Citizens BancShares Inc (Delaware) reported quarterly adjusted earnings of $52.92 per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $20.09. The mean expectation of eleven analysts for the quarter was for earnings of $43.32 per share. Wall Street expected results to range from $37.21 to $46.50 per share.
* Revenue rose 92.9% to $2.30 billion from a year ago; analysts expected $2.36 billion.
* First Citizens BancShares Inc (Delaware)'s reported EPS for the quarter was $49.26.
* The company reported quarterly net income of $716 million.
* First Citizens BancShares Inc (Delaware) shares had risen by 0.3% this quarter and gained 15.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 4.2% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 4 "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 $1,860.00 This summary was machine generated from LSEG data April 25 at 08:54 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
Mar. 31 2024 43.32 52.92 Beat
Dec. 31 2023 47.98 46.58 Missed
Sep. 30 2023 47.94 55.92 Beat
Jun. 30 2023 45.92 52.60 Beat
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