First Citizens BancShares Results Presentation Deck
3Q23 Financial Results - Takeaways
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Strong EPS, ROE and ROA performance.
Solid net interest income and NIM
performance.
Another quarter of PPNR growth leading to
further improvement in the efficiency ratio.
Loan growth was strong in the General and
Commercial Bank segments.
Sustained deposit growth momentum driven
by the Direct Bank channel.
First Citizens
BancShares
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Continued low levels of private equity/
venture capital activity remain a headwind
for loan and deposit growth in the SVB
segment.
Net charge-offs increased during the quarter
driven by continued headwinds in the general
office and the innovation portfolios.
Office-related CRE exposure remains
limited and CRE-related reserve build
continued.
Maintained a strong balance sheet position
in terms of capital and liquidity due to strong
earnings and deposit growth.
Continued to implement, review and develop
plans for the large bank program and
proposed regulatory changes.
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