Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 1

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 1
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Item 1. Financial Statements.

  First Citizens BancShares, Inc. and Subsidiaries

Consolidated Balance Sheets (Unaudited)

dollars in millions, except share dataMarch 31, 2025December 31, 2024AssetsCash and due from banks$812 $814 Interest-earning deposits at banks24,692 21,364 Securities purchased under agreements to resell345 158 Investment in marketable equity securities (cost of $78 at March 31, 2025 and $79 at December 31, 2024)95 101 Investment securities available for sale (cost of $34,340 at March 31, 2025 and $34,512 at December 31, 2024)33,900 33,750 Investment securities held to maturity (fair value of $8,973 at March 31, 2025 and $8,702 at December 31, 2024)10,324 10,239 Assets held for sale185 85 Loans and leases141,358 140,221 Allowance for loan and lease losses(1,680)(1,676)Loans and leases, net of allowance for loan and lease losses139,678 138,545 Operating lease equipment, net9,371 9,323 Premises and equipment, net2,044 2,006 Goodwill346 346 Other intangible assets, net234 249 Other assets6,796 6,740 Total assets$228,822 $223,720 LiabilitiesDeposits:Noninterest-bearing$40,767 $38,633 Interest-bearing118,558 116,596 Total deposits159,325 155,229 Credit balances of factoring clients1,145 1,016 Borrowings:Short-term borrowings450 367 Long-term borrowings37,956 36,684 Total borrowings38,406 37,051 Other liabilities7,651 8,196 Total liabilities206,527 201,492 Stockholders’ equityPreferred stock - $0.01 par value (20,000,000 shares authorized at March 31, 2025 and December 31, 2024) 881 881 Common stock:Class A - $1 par value (32,000,000 shares authorized at March 31, 202