First Citizens BancShares, Inc. (NASDAQ:FCNCA) Q4 2023 Results Conference Call January 26, 2024 9:00 AM ET

Company Participants

Deanna Hart - SVP, IR

Frank Holding - CEO

Craig Nix - CFO

Elliot Howard - Director-Financial Strategy

Tom Eklund - Treasurer

Andy Giangrave - EVP, CCO

Conference Call Participants

Brian Foran - Autonomous

Brody Preston - UBS

Christopher Marinac - Janney Montgomery Scott

Steven Alexopoulos - JP Morgan

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the First Citizens Bancshares Fourth Quarter 2023 Earnings Conference Call. [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

Good morning, everyone. Welcome to our fourth quarter earnings call. Our Chairman and Chief Executive Officer, Frank Holding; and Chief Financial Officer, Craig Nix, will provide fourth quarter business and financial updates today.

During the call, we will reference our investor presentation, which you can find on our website. 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.

We will also reference non-GAAP financial measures. Reconciliations of these measures against the most directly comparable GAAP measures can be found in Section 5 of the presentation.

Finally, First Citizens is not responsible for and does not edit nor guarantee the accuracy of earnings transcripts provided by third parties.

I will now turn it over to Frank.

Frank Holding

Thank you, Deanna, and good morning, everyone. I'm going to focus my comments today on our fourth quarter accomplishments and our 2024 strategic priorities before turning it over to Craig to cover our fourth quarter financial results and outlook for 2024.

Let's start on Page 5. The fourth quarter capped off another exciting and successful year at First Citizens. We kicked off the year, 1 year into our successful merger with CIT and rang out the year combined with SVB, all as we celebrated our 125th year anniversary. I'm really proud of what we accomplished in 2023 and believe we have tremendous opportunity ahead of us. There is an undeniable sense of momentum at First Citizens and our ambition is to serve our clients in ways never imagined 125 years ago. And we're well positioned for the future, thanks to continued focus on our clients and customers and our solid financial results.