First Citizens Bancshares Inc. (FCNCA) revealed earnings for third quarter that beat the Street estimates.
The company's bottom line totaled $554 million, or $43.08 per share. This compares with $624 million, or $42.36 per share, last year.
Excluding items, First Citizens Bancshares Inc. reported adjusted earnings of $573 million or $44.62 per share for the period.
Analysts on average had expected the company to earn $41.49 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 3.5% to $1.734 billion from $1.796 billion last year.
First Citizens Bancshares Inc. earnings at a glance (GAAP) :
-Earnings: $554 Mln. vs. $624 Mln. last year.-EPS: $43.08 vs. $42.36 last year.-Revenue: $1.734 Bln vs. $1.796 Bln last year.
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