Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 353

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 2
Chunk 353
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. During the Current Quarter, we repurchased 302,683 shares. Refer to the “Recent Events” section above for more information and Item 5. Market for Registrants Common Equity for additional information related to our monthly repurchase activity during the Current Quarter. 

95

The following table details the change in outstanding Class A common stock through March 31, 2025. Refer to Note 12—Stockholders' Equity for additional information.

Table 49

Changes in Shares of Class A Common Stock Outstanding

Three Months Ended March 31, 2025Class A common stock shares outstanding at beginning of period12,712,436 Shares repurchased under authorized repurchase plan(302,683)Class A common stock shares outstanding at end of period12,409,753 

We also had 1,005,185 Class B common stock outstanding at March 31, 2025 and December 31, 2024.

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 50

Analysis of Capital Adequacy 

dollars in millionsBasel III RequirementsPCA Well Capitalized ThresholdsMarch 31, 2025December 31, 2024AmountRatioAdjusted Ratio (1)AmountRatioAdjusted Ratio (1)BancSharesRisk-based capital ratiosTotal risk-based capital10.50 %10.00 %$25,071 15.23 %14.49 %$24,610 15.04 %14.27 %Tier 1 risk-based capital8.50 8.00 21,970 13.35 12.70 22,137 13.53 12.84 Common equity Tier 17.00 6.50 21,089 12.81 12.19 21,256 12.99