First Citizens (FCNCA) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - First Citizens BancShares (FCNCA) reported revenue of $2.41 billion for the quarter ended December 2024, reflecting a decrease of 1.9% year-over-year, while EPS was $45.10, down from $46.58 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $2.25 billion by 7.02%, and the EPS surpassed the consensus estimate of $39.46 by 14.29% [1] Financial Metrics - Net Interest Margin was reported at 3.3%, matching the five-analyst average estimate [4] - Efficiency Ratio stood at 63%, higher than the five-analyst average estimate of 58.2% [4] - Book value per share was $1,556.16, below the five-analyst average estimate of $1,570.78 [4] - Net charge-off ratio was 0.5%, consistent with the average estimate from four analysts [4] - Average Balance of Total interest-earning assets was $204.78 billion, slightly above the four-analyst average estimate of $203.62 billion [4] - Nonaccrual loans at period end were $1.18 billion, lower than the three-analyst average estimate of $1.31 billion [4] - Net Interest Income was reported at $1.71 billion, slightly above the five-analyst average estimate of $1.70 billion [4] - Factoring commissions were $20 million, exceeding the four-analyst average estimate of $18.91 million [4] - Merchant services, net, reported $13 million, above the four-analyst average estimate of $12.03 million [4] - Cardholder services, net, were $41 million, slightly below the average estimate of $41.96 million based on four analysts [4] - International fees were $33 million, exceeding the three-analyst average estimate of $29.48 million [4] - Wealth management services reported $54 million, above the three-analyst average estimate of $53.36 million [4] Stock Performance - Shares of First Citizens have returned +2.9% over the past month, compared to the Zacks S&P 500 composite's +2.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]