First Citizens BancShares Reports Q2 2023 Earnings Including Full Quarter Impact from SVB Acquisition

FIRST CITIZENS BANCSHARES INC /DE/

2023-Q2 EPS reported $699.53

Reported Q2 2023 earnings including first full quarter after acquiring Silicon Valley Bridge Bank on March 27, 2023.
Acquired assets with estimated fair value of $107.26 billion and loans of $68.46 billion from FDIC.
Assumed $55.90 billion in customer deposits without premium and $16.45 billion discount on assets.
Entered into a five-year note payable to FDIC of $36.07 billion at 3.50% interest.

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