Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 215

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 215
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 earnings— 1 — — 1 Other comprehensive (loss) income for the period(7)1 44 8 46 Balance as of December 31, 2024$(584)$(4)$135 $8 $(445)Balance as of December, 31, 2022$(739)$(6)$10 $— $(735)AOCI activity before reclassifications143 — 81 — 224 Amounts reclassified from AOCI to earnings19 1 — — 20 Other comprehensive income for the period162 1 81 — 244 Balance as of December 31, 2023$(577)$(5)$91 $— $(491)

165

Other Comprehensive Income The amounts included in the Consolidated Statements of Comprehensive Income are net of income taxes. The following table presents the pretax and after tax components of other comprehensive income:Other Comprehensive Income (Loss) by Componentdollars in millionsYear Ended December 31,20242023PretaxIncomeTaxesNet of Income TaxesPretaxIncomeTaxesNet of Income TaxesIncome Statement Line ItemsUnrealized loss on securities available for sale:AOCI activity before reclassifications$(10)$3 $(7)$194 $(51)$143 Amounts reclassified from AOCI to earnings— — — 26 (7)19 Realized loss on sale of investment securities, netOther comprehensive (loss) income on securities available for sale$(10)$3 $(7)$220 $(58)$162 Unrealized loss on securities available for sale transferred to held to maturity:Amounts reclassified from AOCI to earnings$1 $— $1 $1 $— $1 Interest on investment securitiesOther comprehensive income on securities available for sale transferred to held to maturity$1 $— $1 $1 $— $1 Defined benefit pension items:Actuarial gain$60 $(16)$44 $109 $(28)$81 Unrealized gain on cash flow hedge derivatives:AOCI activity before reclassifications$11 $(3)$8 $— $— $— Amounts reclassified from AOCI to earnings— — — — — — Interest and fees on loansOther comprehensive income on cash flow hedge derivatives$11 $(3)$8 $— $— $