Truist raised the firm’s price target on First Citizens (FCNCA) to $2,384 from $2,303 and keeps a Hold rating on the shares after its Q4 earnings beat. The firm is citing higher than expected net interest income, slightly lower adjusted expenses, and lower net charge-off rates than it had modeled. Truist is also raising its FY26 EPS view to $190.69 from $185.45.
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Read More on FCNCA:
- First Citizens BancShares: Earnings Call Highlights Growth and Challenges
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- First Citizens price target raised to $2,568 from $2,456 at Barclays
- First Citizens BancShares Reports Strong Q4 2024 Results
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