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First Citizens: 2Q Earnings Snapshot

RALEIGH, N.C. (AP) _ First Citizens BancShares Inc. (FCNCA) on Tuesday reported second-quarter profit of $119.4 million.

The bank, based in Raleigh, North Carolina, said it had earnings of $10.56 per share.

The bank posted revenue of $457.6 million in the period. Its revenue net of interest expense was $434.2 million, surpassing Street forecasts.

First Citizens shares have risen 24% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $465.69, a rise of 13% 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