2023-05-10 06:36:03 ET
- First Citizens BancShares press release ( NASDAQ: FCNCA ): Q1 Non-GAAP EPS of $20.09 beats by $7.58 .
- Revenue of $11109M (+640.6% Y/Y) beats by $9.92B .
- Provision for credit losses totaled $783 million compared to $79 million in the fourth quarter, an increase of $704 million.
- The allowance for credit losses totaled $1.6 billion, or 1.16% of total loans at March 31, 2023, an increase of $683 million from December 31, 2022.
- Delinquencies at March 31, 2023 of $1.2 billion increased $349 million compared to December 31, 2022.
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First Citizens BancShares Non-GAAP EPS of $20.09 beats by $7.58, revenue of $11109M beats by $9.92B