Earnings Summary

First Citizens Bancshares Inc Class A’s revenue jumped 231.57% since last year same period to $2510Mn in the Q2 2023. On a quarterly growth basis, First Citizens Bancshares Inc Class A has generated -78.24% fall in its revenue since last 3-months.

First Citizens Bancshares Inc Class A’s net profit jumped 186.55% since last year same period to $682Mn in the Q2 2023. On a quarterly growth basis, First Citizens Bancshares Inc Class A has generated -92.83% fall in its net profits since last 3-months.

First Citizens Bancshares Inc Class A’s net profit margin fell -13.58% since last year same period to 27.17% in the Q2 2023. On a quarterly growth basis, First Citizens Bancshares Inc Class A has generated -67.06% fall in its net profit margins since last 3-months.

First Citizens Bancshares Inc Class A’s earning per share (EPS) estimates for the current quarter stand at 21.77 - a 24.76% jump from last quarter’s estimates.

First Citizens Bancshares Inc Class A’s earning per share (EPS) estimates for the current year stand at 21.77.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. First Citizens Bancshares Inc Class A’s return on assets (ROA) stands at 0.07.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. First Citizens Bancshares Inc Class A’s return on equity (ROE) stands at 0.71.

First Citizens Bancshares Inc Class A declared 0.75 dividend per share during the earnings announcement for Q1 2023.