First Citizens reports Q4 EPS $46.58, consensus $47.98

Reports Q4 CET1 capital ratio 13.36%. Reports Q4 net charge-offs 0.53%. Chairman and CEO Frank Holding, Jr. said: “Our fourth quarter financial results remained solid as we completed what was a truly exceptional year. While celebrating our bank’s 125th anniversary, we completed our integration with CIT and finished strong with the stabilization of SVB, all while our teams continued to support our clients. We now look forward to 2024, remaining focused on prudent risk management, growing our core lines of business, and maintaining solid capital and liquidity positions. We continue to be well-positioned to deliver strong financial results and long-term tangible book value growth for our stockholders.”