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

First Citizens BancShares Inc (NASDAQ:FCNCA) reported upbeat earnings for the fourth quarter on Friday.

The company posted quarterly earnings of $51.27 per share which beat the analyst consensus estimate of $43.91 per share. The company reported quarterly sales of $2.435 billion which beat the analyst consensus estimate of $2.289 billion.

Chairman and CEO Frank B. Holding, Jr. said: “We delivered solid return metrics in the fourth quarter while credit quality remained stable and we achieved strong loan growth, led by Global Fund Banking. We returned an additional $900 million of capital to our stockholders during the quarter through share repurchases and prepaid $2.5 billion of the Purchase Money Note. Our ...