Movement Alert|First Citizens BancShares Intraday Rise 7.07% in Regular Trading, Q3 adjusted EPS beat expectations

Market Focus
Oct 23

On October 23, First Citizens BancShares rose 7.07% in Regular Trading, trading at $2,352.17, with turnover of $171 million.

The move followed the companys third-quarter results, which showed adjusted earnings of $55.37 per diluted share, up from $44.62 a year earlier and ahead of analyst expectations near $46, while revenue of $2.43 billion was flat year over year but still above one published consensus of $2.26 billion.

Additional company updates showed First Citizens BancShares maintained its quarterly dividend at $2.25 per share, payable December 15 to holders of record as of November 30. Earlier earnings coverage also indicated sales around $2.274 billion versus a $2.316 billion estimate, suggesting some data-provider variation, but the clear positive signal was the sizable EPS beat.

First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals.

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