First Citizens BancShares Results Presentation Deck
Deposits
($ in millions)
$87,553
$26,587
$60,966
35
bps
3Q22
$89,408
$24,922
$64,486
78
bps
4Q22
Interest-bearing
SVB Interest-bearing
First Citizens
BancShares
$140,050
$30,544
$18,715
$24,105
124
bps
$66,686
1Q23
$49,259
$90,791
Noninterest-bearing
$141,164
$21,376
$19,484
$23,171
168
bps
$77,133
2Q23
SVB Noninterest-bearing
$40,860
$100,304
$146,233
$20,486
$19,484
$22,655
212
bps
$83,608
3Q23
Cost of deposits
$39,970
$106,263
Highlights
3Q23 vs. 2Q23
Total deposits grew $5.1 billion (14.2%
annualized) driven primarily by a $6.4
billion increase in the Direct Bank, partially
offset by a $890 million decline in deposits
in the SVB segment driven by a
combination of cash burn and muted
fundraising activity.
ā
Excluding the Direct Bank, General Bank
segment deposits decreased $721 million,
partially offset by a $304 million increase
in Commercial Bank segment deposits.
3Q23 vs. 3Q22
Total deposits grew $58.7 billion (67.0%)
driven primarily by the SVB acquisition
which contributed $40.0 billion in deposits
as of September 30, 2023 and a $21.7
billion increase in the Direct Bank.
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