09:26 AM EDT, 04/25/2024 (MT Newswires) -- First Citizens BancShares (FCNCA) reported Q1 adjusted earnings Thursday of $52.92 per diluted share, up from $46.58 a year earlier.

Analysts polled by Capital IQ expected $44.15.

Revenue for the quarter ended March 31, expressed as the sum of net interest income and total noninterest income, was $2.45 billion, which was unchanged from a year earlier. Analysts surveyed by Capital IQ expected $2.35 billion.

The company also maintained its quarterly cash dividend of $1.64 per share, payable June 17 to shareholders of record on May 31.

First Citizens BancShares' stock was up 5% in recent premarket activity.

Price: 1,721.61, Change: +81.98, Percent Change: +5.00