** Shares of First Citizens BancShares rise ~7% to $1,754.96 in morning trade
** FCNCA's profit beat expectations as it earned higher interest income and reaped the benefits of its acquisition of failed Silicon Valley Bank last year
** Adjusted profit of $52.92 per share beats estimate of $43.32 per share, according to LSEG data
** FCNCA's assets have been boosted by its buyout of SVB, which collapsed last year and triggered the biggest banking sector crisis since 2008
** FCNCA shares up ~23.7% YTD, including session moves
(Reporting by Manya Saini in Bengaluru)
((Manya.Saini@thomsonreuters.com))
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