First Citizens Q1 net income $731M; adj. EPS $52.92, up from $46.58 Q4

FIRST CITIZENS BANCSHARES INC /DE/

2024-Q1 EPS reported $49.26 revenue$2,444,000,000

GAAP diluted EPS $49.26 vs $34.33 in Q4 2023; adjusted diluted EPS $52.92 vs $46.58.
Net interest income $1,817M, down from $1,911M Q4; NIM compressed to 3.67% from 3.86%.
Total loans $135.4B (+1.6% linked-quarter); deposits $149.6B (+2.6% linked-quarter).
Nonaccrual ratio 0.79% (up 6bp); net charge-off ratio 0.31% (down 22bp).
CET1 ratio improved to 13.44% from 13.36% Q4 and 12.53% a year ago.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST CITIZENS BANCSHARES INC /DE/ reported first quarter of 2024 results: net income $731, EPS $49.26.

Period: first quarter of 2024
Net income: $731
EPS: $49.26
Result: reported results

Exact text from the filing

On April 25, 2024, First Citizens BancShares, Inc. (“BancShares”) announced its results of operations for the quarter ended March 31, 2024.

View on SEC.gov

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Source: SEC EDGAR

accession 0000798941-24-000022

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