earnings
confidence high
sentiment positive
materiality 0.75
First Citizens Q4 net income $700M, EPS $49.21; repurchased $963M in stock
FIRST CITIZENS BANCSHARES INC /DE/
2024-FY EPS reported
$189.41
revenue$9,758,000,000
- GAAP diluted EPS $49.21 vs $34.33 in Q4 2023; adjusted EPS $45.10 vs $46.58.
- Net interest income $1.71B; noninterest income $699M; total revenue $2.41B.
- End-of-period loans $140.2B (+1.1% QoQ); deposits $155.2B (+2.4% QoQ).
- Net charge-off ratio 0.46%; nonaccrual loans 0.84% of total loans.
- Repurchased 461,583 shares for $963M during Q4; capital ratios remain strong.