Live Analysis First Citizens BancShares, Inc. (FCNCA) experienced a positive trading session with a price of $1,992.27, reflecting a gain of $18.74 (0.95%) compared to the previous close. The trading volume stood at $15,200, representing a 15.21% increase relative to the average volume.
Earnings Overview FCNCA's latest quarterly earnings were reported on Wednesday, April 22nd, with a consensus estimated EPS of 39.45.
Dividends The company offers a forward dividend yield of 0.422% and a dividend per share of $2.1 on a quarterly basis, showing a year-over-year growth of 15.7205 cents.
Grades On April 27th, Citigroup upgraded FCNCA's grade from Buy to Hold, with the stock price at $1,932 when the new grade was published.
Cash Flow FCNCA's cash flow activities indicate a net decrease of $73 million in cash, primarily driven by debt repayment of $2.69 billion and common stock repurchases amounting to -$900 million.
Income Statement The company reported a net income of $534 million, resulting in an EPS of $42.63. Operating income stood at $705 million, with revenue totaling $3.48 billion and a gross profit of $2.31 billion.
Ratios Key ratios show a gross profit margin of 66.5%, a net profit margin of 15.35%, and a return on equity of 2.42%.
Balance Sheet FCNCA's balance sheet highlights total assets of $235.96 billion, with total liabilities at $213.91 billion, indicating a strong financial position.
This real-time financial report provides insights into FCNCA's performance and financial outlook for investors.
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. The company's deposit products include checking, savings, money market, and time deposit accounts. Its loan product portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, and lease financing loans, as well as small business administration paycheck protection program loans; and consumer loans, such as residential and revolving mortgage, construction and land development, consumer auto, and other consumer loans. The company also offers treasury services products, cardholder and merchant services, wealth management services, and various other products and services; investment products, including annuities, discount brokerage services, and third-party mutual funds, as well as investment management and advisory services; and defined benefit and defined contribution, insurance, private banking, trust, fiduciary, philanthropy, and special asset services. The company provides its products and services through its branch network, as well as through digital banking, telephone banking, and various ATM networks. As of December 31, 2021, it operated 529 branches in Arizona, California, Colorado, Florida, Georgia, Kansas, Maryland, Missouri, North Carolina, New Mexico, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin, and West Virginia. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina.