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First Citizens: 4Q Earnings Snapshot

RALEIGH, N.C. (AP) _ First Citizens BancShares Inc. (FCNCA) on Wednesday reported fourth-quarter earnings of $89.5 million.

The Raleigh, North Carolina-based bank said it had earnings of $7.62 per share.

The bank posted revenue of $415.6 million in the period. Its revenue net of interest expense was $402.9 million, topping Street forecasts.

For the year, the company reported profit of $400.3 million, or $33.53 per share. Revenue was reported as $1.61 billion.

First Citizens shares have increased roughly 10 percent since the beginning of the year. The stock has decreased slightly more than 5 percent in the last 12 months.

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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