First Citizens BancShares, Inc.

FCNCA

US31946M1036

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
1,754 ^USD	-2.55%		+11.94%	+23.65%

Apr. 26	UBS Adjusts First Citizens BancShares Price Target to $2,000 From $1,870, Maintains Buy Rating	MT
Apr. 26	Well, it isn't as bad as feared...

First Citizens BancShares, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023

February 23, 2024 at 04:20 pm EST

First Citizens BancShares, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported net interest income was USD 6,712 million compared to USD 2,946 million a year ago. Net income was USD 11,466 million compared to USD 1,098 million a year ago.

Basic earnings per share from continuing operations was USD 785.14 compared to USD 67.47 a year ago. Diluted earnings per share from continuing operations was USD 784.51 compared to USD 67.4 a year ago.

Latest news about First Citizens BancShares, Inc.

UBS Adjusts First Citizens BancShares Price Target to $2,000 From $1,870, Maintains Buy Rating	Apr. 26	MT
Well, it isn't as bad as feared...	Apr. 26
Wedbush Raises Price Target on First Citizens BancShares to $2,150 From $1,950, Keeps Outperform Rating	Apr. 26	MT
Piper Sandler Downgrades First Citizens BancShares to Neutral From Overweight, Adjusts PT to $1,950 From $1,850	Apr. 26	MT
ANALYST RECOMMENDATIONS : Caterpillar, Dow, Spotify, Alphabet, Snap...	Apr. 26
First Citizens BancShares' Q1 Adjusted Earnings Rise, Revenue Unchanged; Shares Up Premarket	Apr. 25	MT
Transcript : First Citizens BancShares, Inc., Q1 2024 Earnings Call, Apr 25, 2024	Apr. 25
SVB-owner First Citizens' profit beats estimates on interest income strength	Apr. 25	RE
First Citizens BancShares, Inc. Declares Quarterly Dividend, Payable on June 17, 2024	Apr. 25	CI
Will there be any Fed rate cuts this year?	Apr. 11
ANALYST RECOMMENDATIONS : Chipotle, Micron, Mastercard, Snowflake, Airbnb...	Apr. 11
Bowyer Research Submits a Shareholder Proposal to First Citizens Bancshares	Mar. 26	CI
First Citizens Bancshares Insider Sold Shares Worth $4,665,006, According to a Recent SEC Filing	Mar. 22	MT
Goldman Sachs Starts First Citizens BancShares With Buy Rating, $1,950 Price Target	Mar. 21	MT
Defunct SVB Financial Group to sell Indian subsidiary to First Citizens Bancshares	Mar. 20	RE
First Citizens Bank Enters Deal to Buy Silicon Valley Bank's Operations in India	Mar. 20	MT
First Citizens BancShares, Inc. (NasdaqGS:FCNC.A) entered into a definitive purchase agreement to acquire Svb Global Services India LLP from SVB Financial Group (OTCPK:SIVB.Q).	Mar. 19	CI
First Citizens BancShares Inc Receives a Shareholder Proposal from Inspire Investing LLC	Mar. 15	CI
US rating agency Egan-Jones is sued by fired whistleblowing executives	Mar. 13	RE
First Citizens BancShares, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 23	CI
First Citizens Bancshares Insider Bought Shares Worth $817,930, According to a Recent SEC Filing	Feb. 22	MT
First Citizens Bancshares Insider Bought Shares Worth $1,007,267, According to a Recent SEC Filing	Feb. 22	MT
First Citizens claims HSBC execs knew of plot to poach Silicon Valley Bank workers	Feb. 08	RE
US mid-sized banks with over or close to $100 billion in assets	Jan. 31	RE
UBS Raises First Citizens BancShares Price Target to $1,754 From $1,644, Maintains Buy Rating	Jan. 30	MT

Chart First Citizens BancShares, Inc.

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Company Profile

First Citizens BancShares, Inc. is a holding company of First-Citizens Bank & Trust Company. The Company has four segments. General Banking segment delivers products and services to consumers and businesses through its network of branches and various digital channels. Commercial Banking segment provides a range of lending, leasing, capital markets, asset management and other financial and advisory services, primarily to small and middle market companies in a range of industries, including energy, healthcare, tech media and telecom, asset-backed lending, capital finance, maritime, corporate banking, aerospace and defense, and sponsor finance. Silicon Valley Banking segment offers products and services to commercial clients in key innovation markets, such as the healthcare and technology industries, as well as to private equity and venture capital firms. Rail segment offers customized leasing and financing solutions on a fleet of railcars and locomotives to railroads and shippers.

Sector

Banks

Calendar

2024-05-01 - Annual General Meeting

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Ratings for First Citizens BancShares, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1,754 USD

Average target price

1,959 USD

Spread / Average Target

+11.66%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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