First Citizens Bancshares, Inc. · NASDAQ:FCNCA
First Citizens Bancshares — Merger or Acquisition (March 2023)
10 slides from First Citizens Bancshares's merger presentation, Mar 27, 2023
Slide 1: First Citizens Bank Announces Acquisition of Silicon Valley Bridge Bank, N.A.
First Citizens Bank Announces Acquisition of Silicon Valley Bridge Bank, N.A. March 27, 2023 + SVB Private | Silicon Valley Bridge Bank 1
Slide 2: Disclosures
Disclosures Forward Looking Statements This investor presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the financial condition, results of operations, business plans and future performance of First Citizens BancSha
Slide 3: A leading relationship bank serving customers' unique needs
A leading relationship bank serving customers’ unique needs Creating valuable scale, enhancing product offerings and bolstering presence in attractive markets. Standalone Standalone Assets $109 B Assets $110 B $219 B – Total assets Loans & Loans & leases $71 B $143 B – Loans & leases leases $72 B $1
Slide 4: Opportunity for long-term stockholder value creation
Opportunity for long-term stockholder value creation Expanding our portfolio and unlocking new business opportunities ▪ Unlocks incremental top-line growth by adding legacy SVB’s Global Fund Banking business to serve private equity and venture capital clients and introducing First Citizens’ consumer
Slide 5: Delivers value across the stakeholder universe
Delivers value across the stakeholder universe Clients Stockholders ▪ A shared commitment to long-term customer relationships. ▪ Meaningful synergies through combining capabilities and leveraging common platforms, vendors, and technologies. ▪ Expanded capabilities and products strengthen our positio
Slide 6: Acquired certain assets and assumed certain liabilities of Silicon Valley Bridge Bank, N.A. from the FDIC
Acquired certain assets and assumed certain liabilities of Silicon Valley Bridge Bank, N.A. from the FDIC Acquisition details ▪ We acquired total assets of $110.1 billion with a $16.5 billion discount bid on assets, consisting of: Preliminary Acquired Assets o $72.1 billion in loans & Liabilities (1
Slide 7: Our liquidity and capital position remains strong, stable and sound
Our liquidity and capital position remains strong, stable and sound We strive to maintain strong liquidity and capital positions and our risk appetite for liquidity is low. ▪ Our liquidity position is immediately strengthened by the transaction resulting from the Pro forma liquidity infusion of ~$35
Slide 8: Expanding First Citizens' deposit base
Expanding First Citizens’ deposit base Pro Forma Time deposits Time deposits Time deposits Checking with Money market 12% 1% 8% interest 15% & savings Money market 21% Checking with & savings Checking Money market interest with interest 17% 34% 18% 42% & savings $89 B $56 B $145 B 28% 63% 41% Nonint
Slide 9: Combined loan portfolios are well-diversified limiting concentration risk
Combined loan portfolios are well-diversified limiting concentration risk Pro Forma Commercial Services Other Commercial Services Other General Bank Equipment Finance 4% 1% Other 2% Equipment 5% Global Real Estate Finance 4% Finance 7% Private Bank 4% Fund Branch 20% 4% 29% Banking Network Private B
Slide 10: Key Takeaways
Key Takeaways Adds significant scale, geographic diversity, capabilities and solutions for our 1 customers. Financially attractive transaction with favorable downside protections against 2 liquidity and credit risk. Committed to serving the innovation economy and preserving legacy SVB’s strong 3 rel
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