FCNCA Earnings Prediction
The chart below shows how FCNCA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FCNCA sees a -4.73% change in stock price 10 days leading up to the earnings, and a +1.59% change 10 days following the report. On the earnings day itself, the stock moves by +2.63%. This data can give you a slight idea of what to expect for the next quarter's release.
FCNCA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.91B
-20.45%
-17.52%
Gross Margin
--
--
--
Operating Margin
23.03%
-39.36%
-41.77%
Net Margin
36.73%
71.24%
32.84%
EPS
49.19
43.33%
13.31%
No Data Available
FCNCA Earnings Analysis
First Citizens BancShares Inc (Delaware) Corporation (FCNCA.O) Earnings Conference Call
Positive
Strong Q3 Earnings Performance: Adjusted earnings per share reached $45.87, reflecting strong financial performance in Q3.
Deposit Growth Stability: Deposits grew sequentially by 0.3% or $495 million, demonstrating stability and focus on organic growth.
Loan Outstandings Growth: Average loan outstandings increased over Q2, indicating a strong pipeline and positive momentum in lending activities.
Share Repurchase Commitment: The company repurchased over 350,000 shares of Class A common stock for approximately $700 million, showcasing commitment to returning value to shareholders.
CET1 Capital Strength Improvement: CET1 capital ratio, excluding shared loss agreement benefits, increased by 3 basis points from the linked quarter, indicating improved capital strength.
Negative
Loan Decrease Analysis: Loans decreased by $646,000,000 sequentially, a decline of 0.5%, primarily driven by a $2,100,000,000 reduction in SVB Commercial Loans due to lower loan draws and higher prepayments.
Rising Operational Costs: Adjusted non-interest expense increased sequentially by approximately 5%, coming in slightly above guidance, with the increase concentrated in personnel costs and professional fees, indicating rising operational costs.
Credit Stress Indicators: Net charge-offs increased to 42 basis points, up slightly from the previous quarter, with most increases concentrated in the general office portfolio, suggesting ongoing credit stress in this area.
CET1 Capital Ratio Decline: CET1 capital ratio decreased by 9 basis points sequentially to 13.24%, driven by a decline in the benefit from the shared loss agreement, indicating potential capital pressure going forward.
Net Interest Income Outlook: Expectations for net interest income in Q4 are projected to decline by low to mid single digits percentage points, reflecting the impact of recent rate cuts and ongoing challenges in loan growth.
FCNCA FAQs
How does FCNCA typically perform around its earnings report dates?
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FCNCA Earning Call Sentiment
Earnings call transcript: First Citizens beats EPS forecast in Q4 2024
FCNCA.O
-0.03%Positive
The earnings call reflects a mixed sentiment. Positive factors include a significant share repurchase program and stable deposit growth. However, challenges such as declining net interest margins, elevated net charge-offs, and competitive pressures in lending offset these positives. The Q&A reveals cautious optimism about loan growth and liquidity management but lacks clarity on certain metrics. The absence of strong financial guidance and the slight decline in key financial metrics suggest a neutral outlook, leading to a likely stock price movement within -2% to 2% over the next two weeks.
