* First Citizens BancShares Inc (Delaware) reported quarterly adjusted earnings of $45.87 per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $55.92. The mean expectation of twelve analysts for the quarter was for earnings of $47.40 per share. Wall Street expected results to range from $43.10 to $51.55 per share.
* Revenue fell 0.5% to $2.45 billion from a year ago; analysts expected $2.39 billion.
* First Citizens BancShares Inc (Delaware)'s reported EPS for the quarter was $43.42.
* The company reported quarterly net income of $624 million.
* First Citizens BancShares Inc (Delaware) shares had risen by 13.1% this quarter and gained 46.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 1.7% in the last three months.
* In the last 30 days, five analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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 $2,200.00 This summary was machine generated from LSEG data October 24 at 04:08 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
Sep. 30 2024 47.40 45.87 Missed
Jun. 30 2024 44.78 50.87 Beat
Mar. 31 2024 43.34 52.92 Beat
Dec. 31 2023 47.98 46.58 Missed
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