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Recap: First Citizens BancShares Q2 Earnings

  First Citizens BancShares (NASDAQ:FCNCA) reported its Q2 earnings results on Thursday, July 28, 2022 at 06:30 AM. Here's what investors need to know about the announcement.

Benzinga · 07/28/2022 08:14

 

First Citizens BancShares (NASDAQ:FCNCA) reported its Q2 earnings results on Thursday, July 28, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Earnings

First Citizens BancShares beat estimated earnings by 11.51%, reporting an EPS of $16.86 versus an estimate of $15.12.

Revenue was up $353.61 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $5.19 which was followed by a 3.8% drop in the share price the next day.

Here's a look at First Citizens BancShares's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 13.76 5.95 11.48  
EPS Actual 18.95 12.09 12.17 15.09
Revenue Estimate 921.96M 457.80M 454.43M 455.10M
Revenue Actual 649.00M 357.40M 346.89M 346.39M

To track all earnings releases for First Citizens BancShares VISIT THEIR EARNINGS CALENDAR HERE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.