Financial Performance - Net interest income after provision for credit losses for the three months ended September 30, 2024, was $1,679 million, compared to $1,798 million for the same period in 2023, a decrease of 6.6%[14] - Net income for the three months ended September 30, 2024, was $639 million, down from $752 million in 2023, a decline of 15.0%[14] - Net income for the nine months ended September 30, 2024, was $2,077 million, a decrease from $10,952 million in the same period of 2023[23] - Total comprehensive income for the three months ended September 30, 2024, was $1,090 million, compared to $644 million in 2023, an increase of 69.5%[16] - Earnings per common share for the nine months ended September 30, 2024, was $140.27, compared to $750.79 in the same period of 2023, reflecting a significant decrease[14] Assets and Liabilities - Total assets increased to $220,567 million as of September 30, 2024, up from $213,758 million at December 31, 2023, representing a growth of 3.8%[12] - Total liabilities increased to $197,739 million as of September 30, 2024, from $192,503 million at December 31, 2023, an increase of 2.9%[12] - The allowance for loan and lease losses decreased to $1,678 million as of September 30, 2024, from $1,747 million at December 31, 2023, a reduction of 4.0%[12] - The balance of retained earnings as of September 30, 2024, was $18,703 million, compared to $16,267 million as of September 30, 2023, reflecting an increase of 15%[20] Deposits - Total deposits rose to $151,574 million as of September 30, 2024, compared to $145,854 million at December 31, 2023, marking an increase of 3.7%[12] - Total time deposits amounted to $14,129 million as of September 30, 2024, with $13,400 million maturing in 2025[173] Credit Losses and Provisions - The company reported a provision for credit losses of $276 million for the nine months ended September 30, 2024, down from $1,126 million in the same period of 2023[23] - The total provision for credit losses for the nine months ended September 30, 2024, was $311 million, compared to $914 million for the same period in 2023, indicating a significant reduction in credit loss provisions[146] Loan Performance - As of September 30, 2024, BancShares' total loans and leases amounted to $138.7 billion, an increase from $133.3 billion as of December 31, 2023, representing a growth of approximately 4.5%[93] - Total loans and leases as of September 30, 2024, amounted to $736 million, an increase from $640 million at the end of September 30, 2023, representing a growth of approximately 15%[135] - The total commercial loans past due (30-59 days) as of September 30, 2024, were $2 million, while total consumer loans past due were $1 million, indicating a stable performance in loan repayments[135] Investment Securities - The fair value of investment securities available for sale increased from $19,936 million as of December 31, 2023, to $28,190 million as of September 30, 2024, reflecting a growth of 41.1%[188] - The total investment securities held to maturity as of September 30, 2024, amounted to $9.168 billion, with a gross unrealized loss of $1.260 billion[79] Acquisitions - FCB acquired assets with a total fair value of approximately $107.54 billion from Silicon Valley Bridge Bank, including $68.47 billion in loans and $35.31 billion in cash and interest-earning deposits[52] - The total purchase price consideration for the acquisition was $36.308 billion, which includes a Purchase Money Note of $35.808 billion and a Value Appreciation Instrument of $500 million[58] Modifications and Charge-offs - The total commercial loan modifications for borrowers experiencing financial difficulties amounted to $164 million, representing 0.23% of total commercial loans[124] - The total commercial charge-offs for the nine months ended September 30, 2024, were $287 million, a decrease from $207 million in the same period of 2023, indicating a reduction of 30.7%[118][121] Derivatives and Hedging - Derivatives designated as hedging instruments had a notional amount of $3,584 million as of September 30, 2024, with no asset fair value reported[179] - The fair value of derivative liabilities was $507 million as of September 30, 2024, down from $636 million as of December 31, 2023, a decline of 20.2%[188] Other Financial Metrics - Cash dividends declared for common shares were $4.92 per share, with total dividends paid amounting to $116 million[23] - The company reported a net loss of $2 million on extinguishment of debt for the nine months ended September 30, 2024[174]

| | | | | Three Months Ended | | | | | Nine Months Ended | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Summary Financial Data & Key Metrics | | September 30, 2024 | | June 30, 2024 | | September 30, 2023 | | September 30, 2024 | | September 30, 2023 | | Results of Operations: | | | | | | | | | | | | Net interest income | $ | 1,796 | $ | 1,821 | $ | 1,990 | $ | 5,434 | $ | 4,801 | | Provision for credit losses | | 117 | | 95 | | 192 | | 276 | | 1,126 | | Net interest income after ...

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, 2024 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. (Address of principle executi ...

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, 2024 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 ...

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 For the fiscal year ended December 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 spec ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ FORM 10-Q ____________________________________________________ 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 specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 56-1528994 (I.R.S. Employer Identific ...

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 ...

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 ...

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 4300 Six Forks Road Raleigh North Carolina 27609 (Address of principle executive offices) (Zip code) (919) 716-7000 ☐ 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 ____________________________________________________ FI ...