Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 95

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 95
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Item 1. Financial Statements.

First Citizens BancShares, Inc. and Subsidiaries

Consolidated Balance Sheets (Unaudited)

dollars in millions, except share dataSeptember 30, 2025December 31, 2024AssetsCash and due from banks$874 $814 Interest-earning deposits at banks24,798 21,364 Securities purchased under agreements to resell83 158 Investment in marketable equity securities (cost of $78 at September 30, 2025 and $79 at December 31, 2024)110 101 Investment securities available for sale (cost of $35,187 at September 30, 2025 and $34,512 at December 31, 2024)34,963 33,750 Investment securities held to maturity (fair value of $8,838 at September 30, 2025 and $8,702 at December 31, 2024)10,051 10,239 Assets held for sale112 85 Loans and leases144,758 140,221 Allowance for loan and lease losses(1,652)(1,676)Loans and leases, net of allowance for loan and lease losses143,106 138,545 Operating lease equipment, net9,446 9,323 Premises and equipment, net2,283 2,006 Goodwill346 346 Other intangible assets, net208 249 Other assets7,108 6,740 Total assets$233,488 $223,720 LiabilitiesDeposits:Noninterest-bearing$42,752 $38,633 Interest-bearing120,438 116,596 Total deposits163,190 155,229 Credit balances of factoring clients1,326 1,016 Borrowings:Short-term borrowings423 367 Long-term borrowings38,252 36,684 Total borrowings38,675 37,051 Other liabilities8,311 8,196 Total liabilities211,502 201,492 Stockholders’ equityPreferred stock - $0.01 par value (20,000,000 shares authorized at September 30, 2025 and December 31, 2024) 881 881 Common stock:Class A - $1 par value (32,000,000 shares authorized at September 30, 2025