First Citizens BancShares (FCNCA) Q2 Earnings and Revenues Beat Estimates

Core Insights - First Citizens BancShares (FCNCA) reported quarterly earnings of $44.78 per share, exceeding the Zacks Consensus Estimate of $39.08 per share, but down from $50.87 per share a year ago, indicating an earnings surprise of +14.59% [1] - The company posted revenues of $2.21 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.36%, although this is a decrease from year-ago revenues of $2.46 billion [2] - The stock has shown no change since the beginning of the year, contrasting with the S&P 500's gain of 8.2% [3] Earnings Outlook - The earnings outlook for First Citizens is mixed, with the current consensus EPS estimate for the coming quarter at $42.32 on revenues of $2.2 billion, and for the current fiscal year at $162.78 on revenues of $8.72 billion [7] - The company currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Banks - Southeast industry, to which First Citizens belongs, is currently in the top 11% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]