First Citizens BancShares Results Presentation Deck

Historical and Forecasted Cumulative Deposit Beta Actual 78 bps 4Q22 41% 14% 59% 3Q22 44% 56% 4Q22 First Citizens BancShares 23% 124 bps 1Q23 42% 58% 1Q23 46% 54% Actual cumulative beta 2Q23 30% Mid/higher beta categories Lower beta categories 168 bps 2Q23 57% 43% 3Q23 37% 212 bps 3Q23 ● ● Expected cumulative beta 40% o 4Q23 O Forecast Terminal beta O 43% 1Q24 Rate paid on deposits Highlights Expect cumulative deposit beta to continue increasing with a terminal beta of approximately 43% as we continue to increase deposits in the Direct Bank and interest rates remain higher for longer. Actual betas will be dependent on liquidity needs, behavior of acquired deposits, deposit mix and levels of overall competition. 42% The quarter-over-quarter increase in the mid/high beta categories is primarily driven by balance growth in the Direct Bank as part of our liquidity management activities. Mid/higher beta categories: > 30% beta on Direct Bank and SVB money market, savings and time deposit accounts. 2Q24 10 to 30% beta on branch network money market accounts and Community Association Banking checking with interest and money market accounts. Lower beta categories: 0 to 10% beta on total noninterest bearing deposits and branch network checking with interest and savings accounts. 17

View entire presentation