Exploring Analyst Estimates for First Citizens (FCNCA) Q2 Earnings, Beyond Revenue and EPS

Core Viewpoint - First Citizens BancShares (FCNCA) is expected to report a quarterly earnings per share (EPS) of $39.08, reflecting a year-over-year decline of 23.2%, with revenues projected at $2.22 billion, a decrease of 9.6% compared to the previous year [1]. Earnings Projections - Analysts have revised the consensus EPS estimate upward by 1.4% over the past 30 days, indicating a collective reassessment of initial projections [2]. - It is crucial to consider earnings estimate revisions as they are strongly linked to short-term stock price performance [3]. Key Financial Metrics - The forecast for 'Net Interest Margin' is 3.2%, down from 3.6% in the same quarter last year [5]. - The 'Efficiency Ratio' is estimated at 59.9%, compared to 56.4% a year ago [5]. - Analysts predict 'Average Balance - Total interest-earning assets' to be $209.62 billion, up from $200.71 billion in the same quarter last year [5]. Loan and Asset Projections - 'Nonaccrual loans at period end' are expected to be $1.23 billion, up from $1.14 billion a year ago [6]. - 'Total nonperforming assets' are projected to reach $1.27 billion, compared to $1.21 billion last year [6]. - 'Net Interest Income' is anticipated to be $1.69 billion, down from $1.82 billion in the previous year [6]. Noninterest Income Estimates - 'Total Noninterest Income' is expected to be $545.54 million, down from $639.00 million a year ago [7]. - 'Factoring commissions' are projected at $17.80 million, compared to $19.00 million last year [7]. - 'Cardholder services, net' is expected to be $41.92 million, slightly up from $40.00 million a year ago [7]. Additional Income Projections - 'Merchant services, net' is estimated at $14.18 million, up from $12.00 million last year [8]. - 'Wealth management services' are projected to reach $56.28 million, compared to $52.00 million in the same quarter last year [8]. - 'Insurance commissions' are expected to be $14.00 million, compared to $13.00 million a year ago [9]. Stock Performance - Over the past month, First Citizens shares have returned +11.9%, outperforming the Zacks S&P 500 composite's +5.9% change [9].