First Citizens BancShares, Inc. (FCNCA) Q4 2022 Earnings Call Transcript
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the First Citizens BancShares Fourth Quarter and Year End 2022 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]. As a reminder, today’s conference is being recorded.
I would now like to introduce the host of this conference call, Ms. Deanna Hart, Senior Vice President of Investor Relations. You may begin.
Deanna Hart
Thank you. Good morning, everyone, and thank you for joining us for First Citizens Bank’s fourth quarter earnings call. It is my pleasure to introduce our Chairman and Chief Executive Officer, Frank Holding, as well as our Chief Financial Officer, Craig Nix, who will provide an update on our financial results and outlook.
We are also pleased to have several other members of our leadership team in attendance with us today who will be available to participate in the question-and-answer portion of the call, if needed. During the call, we will be referencing our investor presentation, which you can find on our Web site. An agenda for today’s presentation is on Page 2 of these materials. Following the completion of our presentation, we’ll happily take questions.
As a reminder, our comments will include forward-looking statements, which are subject to risks and uncertainties that may cause our results to differ materially from expectations. We assume no obligation to update such statements. These risks are outlined for you on Page 3 of the presentation. We will also reference non-GAAP financial measures in the presentation.
Reconciliations of these measures against the most directly comparable GAAP measures are found in Section 5 of the presentation. Finally, First Citizens is not responsible for and does not edit nor guarantee the accuracy of our earnings teleconference transcripts provided by third parties.
With that, I’ll turn it over to Frank.
Frank Holding
Thank you, Deanna, and good morning to everyone. We appreciate all of you joining us today. And I'll make some comments about the year and then update you on our 2023 strategic priorities. And then I'll turn it over to Craig Nix to highlight our financial results for the fourth quarter and the outlook for 2023.
Starting on Page 5, 2022 was a great year for First Citizens. In addition to the completion of our merger, we delivered solid financial results marked by strong top line growth, low credit losses and well controlled expenses. We were pleased with the performance of our lines of business, achieving robust loan growth in both the general and commercial banks.