These Analysts Slash Their Forecasts On First Citizens BancShares Following Q4 Results

Core Viewpoint - First Citizens BancShares Inc reported strong fourth-quarter earnings, exceeding analyst expectations in both earnings per share and sales figures [1][2]. Financial Performance - The company posted quarterly earnings of $51.27 per share, surpassing the analyst consensus estimate of $43.91 per share [1]. - Quarterly sales reached $2.435 billion, exceeding the analyst consensus estimate of $2.289 billion [1]. Management Commentary - Chairman and CEO Frank B. Holding, Jr. highlighted solid return metrics, stable credit quality, and strong loan growth, particularly in Global Fund Banking [2]. - The company returned an additional $900 million to stockholders through share repurchases and prepaid $2.5 billion of the Purchase Money Note [2]. - The management expressed optimism about prospects for 2026 [2]. Analyst Reactions - Barclays analyst Jason Goldberg maintained an Equal-Weight rating and lowered the price target from $2,456 to $2,346 [4]. - Citigroup analyst Benjamin Gerlinger maintained a Neutral rating and cut the price target from $2,250 to $2,100 [4]. - TD Cowen analyst Steven Alexopoulos maintained a Buy rating but reduced the price target from $2,600 to $2,500 [4].