Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 98

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 98
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 30,Nine Months Ended September 30,dollars in millions2025202420252024Net income$568 $639 $1,626 $2,077 Other comprehensive income, net of taxNet unrealized gain on securities available for sale72 438 400 325 Net change in unrealized loss on securities available for sale transferred to securities held to maturity— 1 — 1 Net change in defined benefit pension items(1)— (4)(8)Net unrealized (loss) gain on cash flow hedge derivatives(1)12 5 14 Other comprehensive income, net of tax$70 $451 $401 $332 Total comprehensive income$638 $1,090 $2,027 $2,409 

See accompanying Notes to the Unaudited Consolidated Financial Statements.

6

First Citizens BancShares, Inc. and Subsidiaries

Consolidated Statements of Changes in Stockholders’ Equity (Unaudited)

Three Months Endeddollars in millions, except per share dataPreferred StockClass A Common StockClass B Common StockAdditional Paid in CapitalRetained EarningsAccumulated Other Comprehensive (Loss) IncomeTotal Stockholders' EquityBalance at June 30, 2025$881 $12 $1 $1,179 $20,337 $(114)$22,296 Net income— — — — 568 — 568 Other comprehensive income, net of tax— — — — — 70 70 Repurchased 457,350  shares of Class A common stock— — — (909)— — (909)Cash dividends declared ($1.95 per common share):Class A common stock— — — — (23)— (23)Class B common stock— — — — (2)— (2)Preferred stock dividends declared:Series A— — — — (5)— (5)Series B— — — — (7)— (7)Series C— — — — (2)— (2)Balance at September 30, 2025$881 $12 $1 $270 $20,866 $(44)$21,986 Balance at June 30, 2024$881 $14 $1 $4