Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 125

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 125
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 issued and outstanding at December 31, 2024 and December 31, 2023)1 1 Additional paid in capital2,417 4,108 Retained earnings19,361 16,742 Accumulated other comprehensive loss(445)(491)Total stockholders’ equity22,228 21,255 Total liabilities and stockholders’ equity$223,720 $213,758 

See accompanying Notes to the Consolidated Financial Statements.

101

 First Citizens BancShares, Inc. and Subsidiaries

Consolidated Statements of Income

Year Ended December 31,dollars in millions, except share and per share data202420232022Interest incomeInterest and fees on loans$9,528 $8,187 $2,953 Interest on investment securities1,347 648 354 Interest on deposits at banks1,478 1,556 106 Total interest income12,353 10,391 3,413 Interest expenseDeposits3,864 2,497 335 Borrowings1,346 1,182 132 Total interest expense5,210 3,679 467 Net interest income7,143 6,712 2,946 Provision for credit losses431 1,375 645 Net interest income after provision for credit losses6,712 5,337 2,301 Noninterest incomeRental income on operating lease equipment1,048 971 864 Lending-related fees257 218 103 Deposit fees and service charges230 200 142 Client investment fees213 157 — Wealth management services211 188 142 International fees119 91 8 Factoring commissions75 82 104 Cardholder services, net163 139 102 Merchant services, net49 48 35 Insurance commissions55 54 47 Realized gain (loss) on sale of investment securities, net6 (26)— Fair value adjustment on marketable equity securities, net13 (11)(3)Gain on sale of leasing equipment, net30 20 15 Gain on acquisition— 9,808 431 (Loss) gain on extinguishment of debt(2)— 7 Other noninterest income  148 136 139 Total noninterest income2,615 12,075 2,136 Noninterest expenseDepreciation on operating lease