First Citizens BancShares (FCNCA) Surpasses Q4 Earnings and Revenue Estimates

Group 1 - First Citizens BancShares (FCNCA) reported quarterly earnings of $45.10 per share, exceeding the Zacks Consensus Estimate of$ 39.46 per share, but down from $46.58 per share a year ago, representing an earnings surprise of 14.29% [1] - The company posted revenues of$ 2.41 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 7.02%, compared to year-ago revenues of $2.45 billion [2] - First Citizens shares have increased approximately 4.9% since the beginning of the year, outperforming the S&P 500's gain of 4% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is$ 37.27 on revenues of $2.2 billion, and for the current fiscal year, it is$ 161.34 on revenues of $8.91 billion [7] - The Zacks Industry Rank indicates that the Banks - Southeast sector is currently in the top 20% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this category [8] Group 3 - The estimate revisions trend for First Citizens is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]