RALEIGH, N.C. (AP) _ First Citizens BancShares Inc. (FCNCA) on Friday reported third-quarter net income of $138 million.

The bank, based in Raleigh, North Carolina, said it had earnings of $14.03 per share.

The bank posted revenue of $494.9 million in the period. Its revenue net of interest expense was $474.2 million, surpassing Street forecasts.

First Citizens shares have decreased 34% since the beginning of the year. The stock has fallen 26% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FCNCA at https://www.zacks.com/ap/FCNCA

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