First Citizens Q4 2019 Earnings Report
Key Takeaways
First Citizens BancShares reported a net income of $101.9 million for Q4 2019, a 13.9% increase compared to Q4 2018. Net income per share increased by 25.3% to $9.55. The growth was supported by a rise in noninterest income and an increase in total loans and deposits.
Net income for the fourth quarter of 2019 totaled $101.9 million, an increase of $12.4 million compared to the same quarter in 2018.
Net income per share increased to $9.55 in the fourth quarter of 2019, from $7.62 per share during the same quarter in 2018.
Total loans grew to $28.88 billion, an increase of $3.36 billion since December 31, 2018.
Total deposits grew to $34.43 billion, an increase of $3.76 billion since December 31, 2018.
First Citizens
First Citizens
Forward Guidance
The discussions included in this Press Release may contain forward-looking statements within the meaning of the Private Securities Litigation Act of 1995, including Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. For the purposes of these discussions, any statements that are not statements of historical fact may be deemed to be forward-looking statements.