earnings
confidence low
sentiment positive
materiality 0.50
First Citizens BancShares reports Q3 2023 earnings; specific figures not provided in filing excerpt
FIRST CITIZENS BANCSHARES INC /DE/
2023-Q3 EPS reported
$750.19
- Q3 2023 earnings released; CEO cites solid results, strong revenue growth, and disciplined expense management.
- Acquisition of Silicon Valley Bridge Bank closed March 2023; total assets acquired ~$107.5B, deposits assumed ~$56B.
- SVB segment identified as new business segment; integration progress noted.
- Purchase Money Note to FDIC of ~$36.1B at 3.50% interest over five years.
- Capital and liquidity positions solid; focus on core deposit gathering and credit risk management.