Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...

财务数据和关键指标变化 - 公司在第一季度实现每股收益52.92美元,调整后的指标优于预期,净收益同比增长约14% [7] - 公司的收益指标强劲,体现了行业领先的净利差、50%的调整后效率比率以及较低的净核销率 [8] 各条业务线数据和关键指标变化 - 公司所有业务部门包括SVB商业部门在内的贷款在本季度均实现增长 [8] - 公司的流动性和资本状况因核心存款和收益增长而有所增强 [8] 各个市场数据和关键指标变化 - 风险投资融资在2023年达到2017年以来的最低水平,这一趋势延续至第一季度,但仍有大量未动用资金 [11][12] - 尽管当前环境充满挑战,但公司看好即将上市的公司数量创纪录,一旦IPO市场完全重新开放,这些公司将有望退出 [12] 公司战略和发展方向及行业竞争 - 公司在过去一年成功专注于SVB整合、监管准备、战略重点和财务表现 [7] - 公司正在加强监管合规能力,包括扩大风险管理、建立专门的监管整改团队、增强监管事务团队等 [15] - 公司正在投资发展财富管理业务,将SVB Private和First Citizens Wealth整合为一个领导团队,提升客户服务 [16][17] 管理层对经营环境和未来前景的评论 - 尽管当前环境存在不确定性,但公司将继续保护和增长客户关系、稳定SVB业务、增加核心存款和贷款、加强资产负债表 [19] - 公司对未来机遇充满信心,因为有坚实的财务状况和专业的员工团队 [19] 问答环节重要的提问和回答 问题1 **Chris McGratty 提问** 公司如何看待现金水平和证券投资组合的变化,以应对可能持续较高的利率环境 [70][71] **Craig Nix 回答** 公司目前现金占比较高,约15%,未来将逐步降至10%-15%,并将继续增加投资组合规模,预计全年将增加30-40亿美元 [71][72][73] 问题2 **Brian Foran 提问** 公司对未来资本管理的计划和目标是什么 [78][79][82][83][84] **Craig Nix 回答** 公司计划在未来两年内将CET1资本充足率管理至10.5%左右的水平,未来不会有大幅调整,具体计划还需等待监管反馈 [79][82][83][84] 问题3 **Steven Alexopoulos 提问** 在VC投资疲软的背景下,公司如何维持SVB业务的存款稳定 [92][93][97] **Mark 回答** 公司在第一季度获得了新的存款流入,尽管客户现金消耗和流失仍在持续,但公司在争取新客户和挽回流失客户方面取得了进展,对未来保持乐观 [97][98]

For the quarter ended March 2024, First Citizens BancShares (FCNCA) reported revenue of $2.44 billion, up 90.2% over the same period last year. EPS came in at $52.92, compared to $20.09 in the year-ago quarter.The reported revenue represents a surprise of +6.08% over the Zacks Consensus Estimate of $2.3 billion. With the consensus EPS estimate being $44.27, the EPS surprise was +19.54%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

Showing its ability to navigate challenging economic conditions and make progress in integrating its purchase of Silicon Valley Bank, Raleigh-based First Citizens BancShares posted a solid first quarter on Thursday (April 25) marked by an optimistic take on consumer spending.The company reported a substantial net income jump of $731 million for Q1, up from $514 million in Q4 2023. This growth in net income reflects a robust increase in adjusted net income as well, with figures reaching $784 million compared ...

First Citizens BancShares (FCNCA) came out with quarterly earnings of $52.92 per share, beating the Zacks Consensus Estimate of $44.27 per share. This compares to earnings of $20.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.54%. A quarter ago, it was expected that this bank would post earnings of $48.49 per share when it actually produced earnings of $46.58, delivering a surprise of -3.94%.Over the last four quarters, ...

First Citizens BancShares, Inc. First Quarter 2024 Earnings Conference Call April 25, 2024 2 Agenda Pages Section I – First Quarter Overview & Strategic Priorities 5 – 12 Section II – First Quarter 2024 Financial Results 13 – 33 Financial Highlights 14 – 15 Earnings Highlights 16 Net interest income, margin and betas 17 – 19 Noninterest income and expense 20 – 21 Balance Sheet Highlights 22 Loans and Leases 23 – 24 Deposits and Funding Mix 25 – 27 Credit Quality Trends and Allowance 28 – 32 Capital 33 Secti ...

Dollars in millions, except per share data Three Months Ended Summary Financial Data & Key Metrics March 31, 2024 December 31, 2023 March 31, 2023 Results of Operations: Net interest income $ 1,817 $ 1,911 $ 850 Provision for credit losses 64 249 783 Net interest income after provision for credit losses 1,753 1,662 67 Noninterest income 627 543 10,259 Noninterest expense 1,376 1,492 855 Income before income taxes 1,004 713 9,471 Income tax expense (benefit) 273 199 (47) Net income 731 514 9,518 Preferred st ...

公司业绩 - BancShares报告了2024年第一季度的收益[1] - 当前季度净收入为7.31亿美元，较上一季度增长了217百万美元[3] - 调整后的净收入为7.84亿美元，较上一季度增长了91百万美元[4] CEO表态 - CEO Frank B. Holding, Jr.表示对第一季度的表现感到满意，强调了贷款和存款增长以及信贷质量的稳定[2] 财务数据 - 净利息收入为18.2亿美元，较上一季度减少了9400万美元，主要是由于利息支出增加和利息收入减少[9] - 非利息收入为6.27亿美元，较上一季度增加了8400万美元，主要是由于收购收益减少[13] - 非利息支出为13.8亿美元，较上一季度减少了1.16亿美元，主要是由于收购相关费用减少[15] 资产和负债 - 贷款和租赁总额为1,353.7亿美元，较2023年底增长了20.7亿美元，主要是由于一般银行和商业银行部门的增长[17] - 总投资证券为3,504亿美元，较2023年底增加了505亿美元，主要是由于购买短期美国国债和美国机构抵押贷款支持证券[18] - 存款为1,496.1亿美元，较2023年底增加了37.6亿美元，主要是由于直接银行和一般银行部门的增长[20] 其他信息 - BancShares在当前季度对其业务部门进行了整合，以更好地对齐SVB部门和直接银行的组成部分[7] - 预备金为6.43亿美元，较2023年底增加了1.5亿美元，主要是由于现金和现金等价物的增加[29]

JACKSONVILLE, Fla., April 23, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business provided $58.4 million in financing to Anchor Health Properties for the construction of a 92-bed inpatient rehabilitation facility in Miami, Florida. The 96,000-rentable-square-foot facility with an attached parking garage will be leased to a joint venture between Baptist Health South Florida and Lifepoint Health. The facility will focus on acute rehabilitation of conditions resulting ...

JACKSONVILLE, Fla., April 18, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business served as sole lender on $50 million in financing for an affiliate of Tristar Realty Group for the refinancing of Ventana Medical Center. The Ventana is a 122,000-square-foot Class A medical office facility in Tarzana, California, a suburban section of the San Fernando Valley region of Los Angeles. It is co-anchored by Cedars Sinai Medical Center and Providence Health System-Southern C ...