First Citizens BancShares: Q1 Earnings Insights

First Citizens BancShares FCNCA reported its Q1 earnings results on Wednesday, May 10, 2023 at 06:31 AM.

Here's what investors need to know about the announcement.

First Citizens BancShares missed estimated earnings by 0.4%, reporting an EPS of $20.09 versus an estimate of $20.17.

Revenue was up $201.00 million from the same period last year.

Last quarter the company missed on EPS by $0.83 which was followed by a 0.21% increase in the share price the next day.

Here's a look at First Citizens BancShares's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	21.77	17.45	15.12	13.76
EPS Actual	20.94	20.77	16.86	18.95
Revenue Estimate	1.11B	1.03B	959.36M	921.96M
Revenue Actual	802.00M	795.00M	700.00M	649.00M

To track all earnings releases for First Citizens BancShares visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Calendar