First Citizens BancShares Results Presentation Deck

First Citizens is Committed to SVB and the Innovation Economy We remain fully committed to supporting our clients and the innovation economy and are well-positioned to help navigate these challenging market conditions. mm میرا Committed to the innovation economy Trusted partner State of the market Robust, resilient markets First Citizens BancShares ■ ▪ We continued to invest in the SVB business as demonstrated by the release of 'SVB Go' an online digital banking platform designed to support our clients needs by facilitating easier interactions. ■ ■ ■ We launched a new nationwide advertising campaign 'Yes, SVB' intended to increase awareness of SVB's continued presence, ongoing commitment, experienced team and leadership position helping investors and innovators scale and succeed. ■ We remain a trusted partner to innovation clients as we have been for 40 years by providing banking services, debt-financing solutions and industry partnerships to companies and investors. ▪ Innovation economy fundraising activity remains muted as the dynamic macroeconomic environment leads to continued lient cash burn and a decline in VC investment. ■ Our partnerships stretch beyond our wide range of product offerings and include a collection of intangible knowledge based on our extensive experience that is critical for successful innovation companies. We facilitate committed partnership with our clients to promote better outcomes. VC dry powder remains elevated but capital deployment is likely to remain slow in the near-term. We remain confident in the long-term growth opportunity of the innovation economy. I ▪ We believe the innovation economy is better-positioned today to weather a downturn than in past cycles. Capital markets have continued to be volatile in 2023 reducing exit values and leading many companies to postpone public offerings. As we have seen in prior slowdowns in the exit markets, including the early 2000s, the Global Financial Crisis, early 2016 and 2022, a slowdown period typically lasts 12-18 months as VC/PE firms historically jumped in to take advantage of depressed private company valuations. 8

View entire presentation