First Citizens BancShares (FCNCA) reported Q1 adjusted earnings Thursday of $37.79 per diluted share, down from $52.92 a year earlier.

Analysts polled by FactSet expected $38.16.

Revenue for the quarter ended March 31, expressed as the sum of net interest income and total non-interest income, was $2.30 billion, down from $2.44 billion a year earlier.

Analysts surveyed by FactSet expected $2.19 billion.