In This Article:
For the quarter ended December 2024, First Citizens BancShares (FCNCA) reported revenue of $2.41 billion, down 1.9% over the same period last year. EPS came in at $45.10, compared to $46.58 in the year-ago quarter.
The reported revenue represents a surprise of +7.02% over the Zacks Consensus Estimate of $2.25 billion. With the consensus EPS estimate being $39.46, the EPS surprise was +14.29%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how First Citizens performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
-
Net Interest Margin: 3.3% versus the five-analyst average estimate of 3.3%.
-
Efficiency Ratio: 63% versus the five-analyst average estimate of 58.2%.
-
Book value per share: $1,556.16 versus the five-analyst average estimate of $1,570.78.
-
Net charge-off ratio: 0.5% versus 0.5% estimated by four analysts on average.
-
Average Balance - Total interest-earning assets: $204.78 billion versus the four-analyst average estimate of $203.62 billion.
-
Nonaccrual loans at period end: $1.18 billion versus $1.31 billion estimated by three analysts on average.
-
Net Interest Income: $1.71 billion versus the five-analyst average estimate of $1.70 billion.
-
Factoring commissions: $20 million versus the four-analyst average estimate of $18.91 million.
-
Merchant services, net: $13 million versus $12.03 million estimated by four analysts on average.
-
Cardholder services, net: $41 million compared to the $41.96 million average estimate based on four analysts.
-
International fees: $33 million versus the three-analyst average estimate of $29.48 million.
-
Wealth management services: $54 million versus the three-analyst average estimate of $53.36 million.
View all Key Company Metrics for First Citizens here>>>
Shares of First Citizens have returned +2.9% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report