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RALEIGH, N.C. (AP) — RALEIGH, N.C. (AP) — First Citizens BancShares Inc. (FCNCA) on Thursday reported first-quarter earnings of $483 million.
The bank, based in Raleigh, North Carolina, said it had earnings of $34.47 per share. Earnings, adjusted for non-recurring costs, were $37.79 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $37.72 per share.
The bank posted revenue of $3.53 billion in the period. Its revenue net of interest expense was $2.3 billion, which also topped Street forecasts. Six analysts surveyed by Zacks expected $2.2 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FCNCA at https://www.zacks.com/ap/FCNCA