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FIRST CITIZENS BANCSHARES, INC.

(FIZN)
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First Citizens BancShares Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

08/05/2016 | 07:40am EST

First Citizens BancShares Inc. reported earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net income was $69.32 million, or $5.77 per share, compared to $44.52 million, or $3.71 per share, for the same quarter ended June 30, 2015. Net interest income after provision for loan and lease losses was $227.63 million, compared to $226.93 million for the same quarter ended June 30, 2015. For the six months, the company reported net income was $121.39 million, or $10.11 per share, compared to $111.68 million, or $9.30 per share, for the same period ended June 30, 2015. Net interest income after provision for loan and lease losses was $455.50 million, compared to $441.30 million for the same period ended June 30, 2015.


ę S&P Capital IQ 2016
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Financials (USD)
Sales 2020 72,4 M - -
Net income 2020 21,9 M - -
Net Debt 2020 59,1 M - -
P/E ratio 2020 9,89x
Yield 2020 3,27%
Capitalization 289 M 289 M -
EV / Sales 2019 4,59x
EV / Sales 2020 3,81x
Nbr of Employees 285
Free-Float 71,8%
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Managers and Directors
Jeffrey Dean Agee Chairman & Chief Executive Officer
Judy D. Long President, Chief Operating Officer & Director
Laura Beth Butler Chief Financial Officer, Secretary & Executive VP
Richard W. Donner Independent Director
Milton E. Magee Independent Director