Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 216

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 216
---
— Total other comprehensive income$62 $(16)$46 $330 $(86)$244 

NOTE 18 — REGULATORY CAPITALBancShares and FCB are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on BancShares’ Consolidated Financial Statements. Certain activities, such as the ability to undertake new business initiatives, including acquisitions, the access to and cost of funding for new business initiatives, the ability to pay dividends, the ability to repurchase shares or other capital instruments, the level of deposit insurance costs, and the level and nature of regulatory oversight, largely depend on a financial institution’s capital strength.Federal banking agencies approved regulatory capital guidelines (“Basel III”) aimed at strengthening previous capital requirements for banking organizations. The following table includes the Basel III requirements for regulatory capital ratios.Basel III MinimumsBasel III Conservation BuffersBasel III RequirementsRegulatory capital ratiosTotal risk-based capital8.00 %2.50 %10.50 %Tier 1 risk-based capital6.00 2.50 8.50 Common equity Tier 14.50 2.50 7.00 Tier 1 leverage4.00 — 4.00 

166

The FDIC also has Prompt Corrective Action (“PCA”) thresholds for regulatory capital ratios. The regulatory capital ratios for BancShares and FCB are calculated in accordance with the guidelines of the federal banking authorities. The regulatory capital ratios for BancShares and FCB exceed the Basel III requirements and the PCA well capitalized thresholds as of December 31, 2024 and 2023 as summarized in the following table.dollars in millionsDecember 31, 2024December 31, 2023Basel III RequirementsPCA Well Capitalized ThresholdsAmountRatioAmountRatioBancSharesTotal risk-based capital10.50 %10.00 %$24,610 15.04 %$23,891 15.75 %Tier 1 risk-based capital8.50 8.00 22,137 13.53 21,150 13.94 Common equity Tier 17.00 6.50 21,256 12.99 20,270 13.36 Tier 1 leverage4.00 5.00 22,137 9.90 21,