Truist Financial Q1 Earnings Preview: Capital Improvement But Deposit Weakness (Rating Downgrade) [Seeking Alpha]
First Citizens BancShares, Inc. - Class A (FCNCA)
US:NASDAQ Investor Relations:
firstcitizens.com/about/who-we-are/annual-report
Company Research
Source: Seeking Alpha
Q4 earnings showed mixed results, with a slight expansion in net interest margin but ongoing deposit attrition. The sale of its insurance subsidiary will boost TFC's capital position and provide flexibility for balance sheet repositioning and potential share repurchases. Despite this positive, disappointing deposit results and guidance leave me downgrading shares to hold. Shares of Truist ( NYSE: TFC ) have been a significant underperformer over the past year. The bank has struggled with disappointing deposit performance as well as an outsized securities portfolio purchased when yields were substantially lower. Still, since recommending shares as a buy in September , they have returned 32%, nearly doubling the S&P 500's return. Truist is scheduled to report earnings before the market opens on April 22nd, and that makes now an appropriate time to preview results and determine whether to take profits. Q4 earnings were mixed Before considering what to expect in Q1, it is worth
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News
- Are money market accounts insured by the FDIC? [Yahoo! Finance]Yahoo! Finance
- Fulton (FULT) Buys Republic First Bank, Expands in Philadelphia [Yahoo! Finance]Yahoo! Finance
- 3 Reasons Growth Investors Will Love First Citizens (FCNCA) [Yahoo! Finance]Yahoo! Finance
- Is First Citizens BancShares (FCNCA) a Great Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- First Citizens BancShares, Inc. (NASDAQ: FCNCA) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
FCNCA
Earnings
- 4/25/24 - Beat
FCNCA
Sec Filings
- 4/30/24 - Form 4
- 4/26/24 - Form 144
- 4/25/24 - Form 8-K
- FCNCA's page on the SEC website