AP NEWS

First Citizens: 4Q Earnings Snapshot

January 28, 2020 GMT

RALEIGH, N.C. (AP) _ First Citizens BancShares Inc. (FCNCA) on Tuesday reported fourth-quarter earnings of $101.9 million.

The Raleigh, North Carolina-based bank said it had earnings of $9.55 per share.

The bank posted revenue of $458.4 million in the period. Its revenue net of interest expense was $431.5 million, surpassing Street forecasts.

For the year, the company reported profit of $457.4 million, or $41.05 per share. Revenue was reported as $1.73 billion.

First Citizens shares have fallen roughly 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $517.62, a climb of 25% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FCNCA at https://www.zacks.com/ap/FCNCA