RALEIGH, N.C. (AP) _ First Citizens BancShares Inc. (FCNCA) on Thursday reported fourth-quarter profit of $257 million.

The bank, based in Raleigh, North Carolina, said it had earnings of $16.67 per share. Earnings, adjusted for non-recurring costs, came to $20.94 per share.

The bank posted revenue of $1.47 billion in the period. Its revenue net of interest expense was $1.23 billion, which topped Street forecasts.

For the year, the company reported profit of $1.1 billion, or $67.40 per share. Revenue was reported as $5.08 billion.

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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