First Citizens BancShares Results Presentation Deck

Allowance for loan and lease losses (ALLL) ($ in millions) $1,637 2Q23 12.6x 1.9x 3Q22 9.3x 1.5x 4Q22 $30 First Citizens BancShares Economic outlook ALLL Coverage ALLL ratio / NCO ratio 4.3x 1.9x 1Q23 Credit quality 2.6x $30 1.8x 2Q23 2Q23 to 3Q23 2.4x 1.9x 3Q23 ALLL / Nonaccrual loans $2 Volume ● ● $(1) ● Portfolio mix $(25) Change in specific reserves Highlights 3Q23 vs 2Q23 ALLL increased $36 million compared to the linked quarter. Deterioration in the macroeconomic forecast and in the large balance commercial real estate portfolio, including general office were the primary drivers of higher reserves. $1,673 3Q23 These factors were partially offset by lower specific reserves driven by charge-offs on loans reserved for in prior periods exceeding specific reserves established during the quarter. The ALLL covered annualized quarterly net charge-offs 2.4 times and provided 1.9 times coverage of nonaccrual loans. These metrics were relatively stable from the prior quarter. 28

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