First Citizens BancShares (FCNCA) Q2 Earnings and Revenues Top Estimates

First Citizens BancShares reported quarterly EPS of $57.09, sharply above the Zacks Consensus Estimate of $40.45 (about +41%). EPS also rose from $44.78 a year ago (+27%). Overall, the earnings beat is a clear positive fundamental update likely to support the stock near-term.

Analysis

First Citizens BancShares reported quarterly EPS of $57.09, sharply above the Zacks Consensus Estimate of $40.45 (about +41%). EPS also rose from $44.78 a year ago (+27%). Overall, the earnings beat is a clear positive fundamental update likely to support the stock near-term.