- First Citizens’ fourth-quarter adjusted EPS surpassed expectations, recording $45.10 compared to the estimated $39.39.
- Total loans and leases reached $140.22 billion, slightly over the predicted $139.47 billion.
- The bank reported net interest income of $1.71 billion, marginally exceeding the estimate of $1.7 billion.
- Net interest margin was reported at 3.32%, narrowly missing the forecast of 3.33%.
- The Common Equity Tier 1 ratio stood at a solid 13%.
- Net charge-offs were $160 million, surpassing estimates of $155.5 million.
- The company remains committed to supporting resource mobilization and long-term revitalization in impacted areas.
- Analyst recommendations included 8 buys and 6 holds, with no sell ratings.
First Citizens Bcshs Cl A on Smartkarma
Analyst coverage of First Citizens Bcshs Cl A on Smartkarma has been gaining attention, with Baptista Research recently publishing a research report titled “First Citizens BancShares Inc.: Expanding Global Fund Banking Segment To Foster Viable Growth In Niche Sector! – Major Drivers.” The report delves into the details of First Citizens BancShares’ third-quarter 2024 earnings, highlighting positive developments and challenges. Key points include an adjusted earnings per share of $45.87, resilient net interest margin, and stability in deposit base growth, particularly in the commercial segment tied to the innovation economy.
The analyst report from Baptista Research signals a bullish sentiment towards First Citizens BancShares, emphasizing the potential for viable growth in a niche sector. Investors looking for insights into the company’s performance and strategic initiatives can refer to this detailed analysis by Baptista Research on Smartkarma. This research provides valuable information for those interested in understanding the latest developments and growth drivers at First Citizens BancShares.
A look at First Citizens Bcshs Cl A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
First Citizens BancShares, Inc., the parent company of First-Citizens Bank & Trust Company and Ironstone Bank, appears to have a promising long-term outlook based on its Smartkarma Smart Scores. With a strong emphasis on growth and momentum, the company has received high scores in these areas. This suggests that First Citizens is well-positioned to capitalize on opportunities for expansion and market performance in the future.
Although the company scored lower in areas such as dividend and resilience, its overall outlook remains positive due to its solid performance in value, growth, and momentum. First Citizens’ presence in states like North Carolina, Virginia, West Virginia, Georgia, and Florida provides a diverse geographic footprint for potential growth and expansion opportunities in the long term.
### Summary: First Citizens BancShares, Inc. is the holding company for First-Citizens Bank & Trust Company and Ironstone Bank, serving various states in the southeastern United States. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars
