First Citizens BancShares, Inc. (NASDAQ:FCNCA) Q4 2023 Results Conference Call January 26, 2024 9:00 AM ET Company Participants Deanna Hart - SVP, IR Frank Holding - CEO Craig Nix - CFO Elliot Howard - Director-Financial Strategy Tom Eklund - Treasurer Andy Giangrave - EVP, CCO Conference Call Participants Brian Foran - Autonomous Brody Preston - UBS Christopher Marinac - Janney Montgomery Scott Steven Alexopoulos - JP Morgan Operator Ladies and gentlemen, thank you for standing by, and welcome to the Firs ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ FORM 10-Q ____________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-16715 First Citizens BancShares, Inc. (Exact name of Registran ...

First Citizens BancShares, Inc. (NASDAQ:FCNCA) Q3 2023 Results Conference Call October 26, 2023 9:00 AM ET Company Participants Deanna Hart - Senior Vice President of Investor Relations Frank Holding - Chairman and Chief Executive Officer Craig Nix - Chief Financial Officer Andy Giangrave - EVP, Chief Credit Officer of the Commercial Bank Randy Martin - SVP, Branch Development and Project Management Tom Eklund - Treasurer Conference Call Participants Stephen Scouten - Piper Sandler Brady Gailey - KBW Steven ...

First Citizens BancShares, Inc. (NASDAQ:FCNCA) Q2 2023 Results Conference Call August 3, 2023 9:00 AM ET Company Participants Deanna Hart - SVP, IR Frank Holding - Chairman and CEO Peter Bristow - President Craig Nix - CFO Robert Hawley - Director, Corporate Accounting and Accounting Policy Conference Call Participants Brady Gailey - KBW Stephen Scouten - Piper Sandler Kevin Fitzsimmons - D.A. Davidson Brian Foran - Autonomous Research Christopher Marinac - Janney Montgomery Scott Brody Preston - UBS Operat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ FORM 10-Q ____________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-16715 First Citizens BancShares, Inc. (Exact name of Registrant as ...

First Citizens BancShares, Inc. (NASDAQ:FCNCA) Q1 2023 Earnings Conference Call May 10, 2023 9:00 AM ET Company Participants Deanna Hart - SVP, IR Frank Holding - Chairman and CEO Peter Bristow - President Craig Nix - CFO Elliot Howard - Manager Mergers and Acquisitions Tom Eklund - Treasurer Lorie Rupp - Chief Risk Officer Conference Call Participants Stephen Scouten - Piper Sandler Brady Gailey - KBW Kevin Fitzsimmons - DA Davidson Christopher Marinac - Janney Montgomery Scott Brody Preston - UBS Operato ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ FORM 10-Q ____________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-16715 First Citizens BancShares, Inc. (Exact name of Registrant as ...

Except to the extent required by applicable laws or regulations, BancShares disclaims any obligation to update forward-looking statements or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments. Additional factors which could affect the forward-looking statements can be found in BancShares' Annual Report on Form 10-K for the fiscal year ended December 31, 2022, and its other filings with the Securities and Exchang ...

Company and Industry Overview * **Company**: First Citizens BancShares, Inc. (NASDAQ: FCNCA) * **Industry**: Banking, specifically focusing on commercial lending, private banking, and wealth management. * **Key Event**: Acquisition of Silicon Valley Bridge Bank, N.A. by First Citizens Bank. Core Points and Arguments * **Acquisition Details**: * First Citizens acquired $110 billion in assets, including $72 billion in loans and $56 billion in deposits. * The acquisition included 20 branch locations and private banking offices, expanding First Citizens' footprint to 570 locations. * The transaction was structured to maintain First Citizens' strong capital ratios and liquidity position. * First Citizens entered into a loss-share agreement with the FDIC to limit credit risk. * The acquisition was immediately accretive to tangible book value per share and earnings per share. * **Strategic Benefits**: * **Scale and Growth**: The acquisition enhances First Citizens' scale, expands its customer base, and accelerates growth in key markets. * **Innovation and Technology**: The acquisition strengthens First Citizens' presence in the innovation and technology sectors, leveraging Silicon Valley Bank's expertise and relationships. * **Diversification**: The acquisition diversifies First Citizens' client base and expands its offerings, particularly in the venture capital and private equity communities. * **Risk Management**: First Citizens maintains a strong risk management culture and continues to prioritize conservative practices. Other Important Points * **Customer Value Proposition**: The acquisition strengthens First Citizens' commitment to long-term, high-quality relationships and expands its ability to serve a broader range of customer needs. * **Employee Benefits**: The acquisition creates additional career opportunities and mobility for First Citizens' employees, while also leveraging the expertise and experience of Silicon Valley Bank's team. * **Community Impact**: First Citizens and Silicon Valley Bank share a commitment to investing in and supporting their communities, and the acquisition will further enhance their ability to do so. * **Financial Impact**: * The acquisition is expected to be accretive to tangible book value per share and earnings per share. * First Citizens expects to maintain its capital ratios within or above its target ranges without the need to raise additional capital. * The acquisition is expected to generate significant revenue synergies and cost savings. * **Regulatory Considerations**: * First Citizens will remain a Category 4 bank following the acquisition. * First Citizens has no current plans to move up to a Category 3 bank. Conclusion The acquisition of Silicon Valley Bridge Bank by First Citizens Bank represents a significant strategic move that enhances the company's scale, capabilities, and market position. The transaction is expected to be immediately accretive to financial performance and provides a strong foundation for future growth and success.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 Commission File Number: 001-16715 ____________________________________________________ FIRST CITIZENS BANCSHARES, INC. (Exact name of Registrant as specified in its charter) _______________________________ ...