Why did FCNCA's earnings trend downward in 2024?

First Citizens BancShares, Inc. (FCNCA) did not exhibit a consistent downward trend in earnings in 2024. While there was a slight decrease in net income from the third to the fourth quarter, the overall performance of the bank was strong, with notable achievements in loan and deposit growth.

1. **Q3 to Q4 Net Income Decrease**: The net income for the third quarter of 2024 was $639 million, which decreased to $514 million in the fourth quarter. This decrease of approximately 25 million dollars can be considered significant, especially when compared to the overall financial performance of the bank.
2. **Earnings Per Share (EPS) Variations**: The EPS for the third quarter was $43.42, which missed estimates. However, the bank's fourth-quarter earnings exceeded expectations by $5.78 EPS.
3. **Revenue Variations**: The bank's revenue growth rate for the fourth quarter (FY) is not available. However, the total revenue for the fourth quarter was reported as $1,709 million, compared to $1,911 million in the same period of the previous year. This indicates a decrease in revenue, which could contribute to the perception of a downward trend in earnings.
4. **Loan Portfolio Decline**: Despite strong EPS, there was a decline in the loan portfolio, which could have impacted earnings. However, the bank's strategic focus on digital banking and wealth management services presents opportunities for future growth.

In conclusion, while FCNCA experienced a decrease in net income and revenue from the third to fourth quarter, the overall financial performance of the bank in 2024 was strong. The decline in net income and revenue from Q3 to Q4, along with the missed EPS estimate in Q3, could be considered as contributing factors to the perception of a downward trend in earnings. However, it is important to note that the bank's earnings exceeded expectations in the fourth quarter, and the strategic initiatives for growth provide a positive outlook for the future.