First Citizens BancSharesNASDAQ: FCNCA

First Citizens (FCNCA) has the potential to generate impressive profits due to its strong growth characteristics.

At Zacks, we prioritize the established Zacks Rank system that highlights earnings estimates and revisions to identify top stocks. However, we also keep a close eye on current value, growth, and momentum trends to highlight strong selections.

The First Citizens (FCNCA) headline numbers provide a glimpse into the company's performance in the quarter ending March 2024, but it could be beneficial to compare certain key metrics with Wall Street expectations and the previous year's results.

Demonstrating its adeptness in navigating tough economic conditions and successfully integrating its acquisition of Silicon Valley Bank, First Citizens BancShares, headquartered in Raleigh, had a strong first quarter on Thursday (April 25) highlighted by a positive outlook on consumer spending.

First Citizens BancShares (FCNCA) reported quarterly earnings of $52.92 per share, surpassing the Zacks Consensus Estimate of $44.27 per share. This is an increase from earnings of $20.09 per share in the same quarter last year.

First Citizens has strong growth characteristics that could allow it to outperform the market easily.

At Zacks, we prioritize the reliable Zacks Rank system, which highlights earnings estimates and revisions to identify top-performing stocks. However, we also keep a close eye on current value, growth, and momentum trends to highlight strong investment choices.

RALEIGH, N.C. , April 3, 2024 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that it will report its financial results for the quarter ended March 31, 2024, before the U.S. financial markets open on Thursday, April 25, 2024.

First Citizens BancShares Inc. drew a buy rating from Goldman Sachs on Thursday as analysts said the large regional bank is well-positioned to deliver returns in the low-to-mid teens over time.