First Citizens reports Q3 EPS $55.92, consensus $47.94

Reports Q3 book value per share $1,343.52. Reports Q3 CET1 capital ratio 13.23%. Reports Q3 net charge-off ratio .53%. Chairman and CEO Frank Holding, said: “Our third quarter financial results were solid, marked by strong revenue growth and disciplined expense management. We continued to make great progress in our integration efforts with SVB. We continue to increase awareness that SVB is open for business and that we remain dedicated to supporting the innovation economy. We remain focused on managing credit risk prudently and our capital and liquidity positions remained solid due to strong earnings performance and our continued focus on core deposit gathering. We believe we are well-positioned to continue generating long-term tangible book value growth for our stockholders.”