First Citizens BancShares Posts Q3 Earnings of $606 Million, Beats Analyst Estimates

First Citizens BancShares Inc. (FCNCA) on Friday reported third-quarter earnings of $606 million, topping Wall Street expectations. The Raleigh, North Carolina-based bank said it had earnings of $51.23 per share, or $55.37 per share adjusted for non-recurring costs. The average estimate of five analysts surveyed by Zacks Investment Research was $46.61 per share. Revenue totaled $3.7 billion for the period. Revenue net of interest expense came in at $2.27 billion, also exceeding the $2.23 billion forecast by four analysts surveyed by Zacks.