First Citizens BancShares Mergers and Acquisitions Presentation Deck
Disclosures
Forward Looking Statements
This investor presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995
regarding the financial condition, results of operations, business plans and future performance of First Citizens BancShares, Inc. ("BancShares")
and its wholly owned subsidiary, First-Citizens Bank & Trust Company ("First Citizens"). Words such as "anticipates," "believes," "estimates,"
"expects," "predicts," "forecasts," "intends," "plans," "projects," "targets," "designed," "could," "may," "should," "will," "potential," "continue", "aims"
or other similar words and expressions are intended to identify these forward-looking statements. These forward-looking statements are based
on BancShares' current expectations and assumptions regarding BancShares' business, the economy, and other future conditions.
Because forward-looking statements relate to future results and occurrences, they are subject to inherent risks, uncertainties, changes in
circumstances and other factors that are difficult to predict. Many possible events or factors could affect BancShares' future financial results and
performance and could cause the actual results, performance or achievements of BancShares to differ materially from any anticipated results
expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, general competitive, economic,
political, geopolitical events (including the military conflict between Russia and Ukraine) and market conditions, the financial success or changing
conditions or strategies of BancShares' customers or vendors, fluctuations in interest rates, actions of government regulators, including the
recent and projected interest rate hikes by the Board of Governors of the Federal Reserve Board (the "Federal Reserve"), the potential impact of
decisions by the Federal Reserve on BancShares' capital plans, adverse developments with respect to U.S. or global economic conditions,
including the significant turbulence in the capital or financial markets, the impact of the current inflationary environment, the impact of
implementation and compliance with current or proposed laws, regulations and regulatory interpretations, the availability of capital and personnel
and the failure to realize the anticipated benefits of BancShares' previous acquisition transactions, including the acquisition announced in this
investor presentation and the recently completed transaction with CIT Group Inc., which acquisition risks include (1) disruption from the
transactions with customer, supplier or employee relationships, (2) the possibility that the amount of the costs, fees, expenses and charges
related to the transactions may be greater than anticipated, including as a result of unexpected or unknown factors, events or liabilities, (3)
reputational risk and the reaction of the parties' customers to the transactions, (4) the risk that the cost savings and any revenue synergies from
the transactions may not be realized or take longer than anticipated to be realized, (5) difficulties experienced in the integration of the businesses,
and (6) the ability to retain customers following the transactions.
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 Exchange Commission.
First Citizens
BancShares
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