Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 391

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 391
---
 at December 31, 2024. 

Refer to the “Executive Overview—Funding, Liquidity and Capital Overview” and “Results by Segment” sections of this MD&A for further discussion of deposit composition, uninsured deposits, and recent deposit trends.

86

The following table provides the expected maturity of time deposits with balances in excess of $250,000 as of September 30, 2025:

Table 28Maturities of Time Deposits In Excess of $250,000 

dollars in millionsSeptember 30, 2025Time deposits maturing in:Three months or less$483 Over three months through six months467 Over six months through 12 months321 More than 12 months14 Total$1,285 

Borrowings

Total borrowings at September 30, 2025 were $38.68 billion, an increase of $1.62 billion or 4% from $37.05 billion at December 31, 2024. The increase from December 31, 2024 primarily related to the 2025 Debt Issuances (refer to the table below), partially offset by the Linked Quarter Debt Redemption.

The following table presents borrowings, net of the respective unamortized purchase accounting adjustments and issuance costs:

Table 29Borrowings

dollars in millionsIncrease (Decrease) from:September 30, 2025June 30, 2025December 31, 2024June 30, 2025December 31, 2024Securities sold under agreements to repurchase$423 $471 $367 $(48)(10)%$56 15 %Federal Deposit Insurance Corporation   3.500% fixed rate note due March 2028 (1)35,854 35,841 35,816 13 — 38 — Senior Unsecured Borrowings5.231% fixed-to-floating rate notes due March 2031 (2)497 497 — — — 497 100    6.000% fixed rate notes due April 203658 58 58 — — — — Subordinated debt6.125% fixed rate notes due March 2028434 437 445 (3)(1)(11)(2)3.375% fixed-to-floating rate notes due March 2030 (3)— — 350 — — (350)(100)5.