Banking

Earnings Season Preview: First Citizens Bancshares Near Buy Zone With EPS Due

First Citizens Bancshares (FCNCA) is forming a base offering a 901.27 entry as it gets set to report its next round of earnings on Jul. 28. The base is a second-stage consolidation.




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In terms of fundamentals, First Citizens Bancshares has posted two quarters of accelerating earnings growth. Top line growth has also risen over the same time frame.

Analysts are looking for earnings-per-share growth of -18% for the quarter, and 11% growth for the full year.

The company has a 95 Composite Rating and holds the No. 11 rank among its peers in the Banks-Southeast industry group. Professional Holding (PFHD), Capstar Financial (CSTR) and Origin Bancorp (OBNK) are among the top 5 highly rated stocks within the group.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.

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