First Citizens Q4 GAAP EPS $34.33, adj. $46.58; NIM 3.86%, loans $133.3B

FIRST CITIZENS BANCSHARES INC /DE/

2023-FY EPS reported $784.51 revenue$18,787,000,000

GAAP net income available to common of $499M ($34.33 diluted EPS); adjusted $678M ($46.58).
Net interest income $1,911M, down 4% QoQ; net interest margin 3.86% vs 4.07% in Q3.
Provision for credit losses $249M, up from $192M Q3; net charge-off ratio 0.53%.
Period-end loans $133.3B, deposits $145.9B; CET1 ratio 13.36%, TBV $1,357.77.
Completed CIT integration and SVB stabilization; CEO cites solid results for 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIRST CITIZENS BANCSHARES INC /DE/ reported financial results for quarter ended December 31, 2023.

Period: quarter ended December 31, 2023
Result: reported results

Exact text from the filing

announced its results of operations for the quarter ended December 31, 2023

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

FIRST CITIZENS BANCSHARES INC /DE/ filing history →

Source: SEC EDGAR

accession 0000798941-24-000010

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