First Citizens BancShares Results Presentation Deck
Loans and Leases
($ in millions)
$69,790
$28,097
$41,693
4.63%
3Q22
$70,781
$27,569
$43,212
5.14%
4Q22
General Bank
Yield on Loans
First Citizens
BancShares
$138,288
$66,171
$28,485
$43,632
5.59%
1Q23
Commercial Bank
$133,015
$58,803
$29,234
7.07%
$44,978
2Q23
SVB
$133,202
$56,864
$30,261
7.29%
$46,077
3Q23
3Q23 vs 2Q23
Total loans increased $187 million driven
primarily by a $1.1 billion increase in the
General Bank segment and a $1.0 billion
increase in the Commercial Bank
segment, partially offset by a $1.9 billion
decline in the SVB segment related to
Global Fund Banking.
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Highlights
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3Q23 vs 3Q22
Total loans increased $63.4 billion due
primarily to the SVB acquisition which
contributed $56.9 billion in loans as of
September 30, 2023.
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The General Bank growth of $1.1 billion
(9.7% annualized) was driven primarily by
business and commercial loans while the
$1.0 billion (14.3% annualized) growth in
the Commercial Bank was broad-based
given strong performance in many of our
industry verticals and seasonal factoring
volumes.
General Bank loans grew by $4.4 billion
(10.5%) due primarily to business,
commercial and mortgage loans.
Commercial Bank loans grew by $2.2
billion (7.8%) due to growth in many of our
industry verticals, middle market banking
and equipment finance.
Note - Commercial Bank includes a small amount of Rail loans (less than $100 million in all periods). Rail operating lease assets are not included in the loan totals.
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