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First Citizens: 1Q Earnings Snapshot

RALEIGH, N.C. (AP) _ First Citizens BancShares Inc. (FCNCA) on Tuesday reported first-quarter profit of $111.4 million.

The Raleigh, North Carolina-based bank said it had earnings of $9.67 per share.

The bank posted revenue of $440.6 million in the period. Its revenue net of interest expense was $424.1 million, exceeding Street forecasts.

First Citizens shares have climbed 19% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $448.25, a rise of nearly 4% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FCNCA at https://www.zacks.com/ap/FCNCA