Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 66

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 66
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144 Class A common stock shares outstanding at end of period12,712,436 

We also had 1,005,185 Class B common stock outstanding at December 31, 2024 and December 31, 2023.

We are committed to effectively managing our capital to protect our depositors, creditors and stockholders. We continually monitor the capital levels and ratios for BancShares and FCB to ensure they exceed the minimum requirements imposed by regulatory authorities and to ensure they are appropriate given growth projections, risk profile and potential changes in the regulatory or external environment. Failure to meet certain capital requirements may result in actions by regulatory agencies that could have a material impact on our operations or consolidated financial statements.

In accordance with GAAP, the unrealized gains and losses on certain assets and liabilities, net of deferred taxes, are included in accumulated other comprehensive loss within stockholders’ equity. These amounts are excluded from the calculation of our regulatory capital ratios under current regulatory guidelines.

Table 48

Analysis of Capital Adequacy 

dollars in millionsBasel III RequirementsPCA Well Capitalized ThresholdsDecember 31, 2024December 31, 2023December 31, 2022AmountRatioAmountRatioAmountRatioBancSharesRisk-based capital ratiosTotal risk-based capital10.50 %10.00 %$24,610 15.04 %$23,891 15.75 %$11,799 13.18 %Tier 1 risk-based capital8.50 8.00 22,137 13.53 21,150 13.94 9,902 11.06 Common equity Tier 17.00 6.50 21,256 12.99 20,270 13.36 9,021 10.08 Tier 1 leverage ratio4.00 5.00 22,137 9.90 21,150 9.83 9,902 8.99 FCBRisk-based capital ratiosTotal risk-based capital10.50 %10.00 %$23,975 14.66 %$23,600 15.56 %$11,627 12.99 %Tier 1 risk-based capital8.50 8.00 21,852 13.37 21,227 13.99 10,186 11.38 Common equity Tier 17.00 6.50 21,