Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 94

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 94
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 27 24 Insurance commissions14 13 28 28 Fair value adjustment on marketable equity securities, net2 (2)(3)(6)Gain on sale of leasing equipment, net8 4 13 14 Loss on extinguishment of debt— — — (2)Other noninterest income  42 39 56 77 Total noninterest income678 639 1,313 1,266 Noninterest expenseDepreciation on operating lease equipment100 98 198 194 Maintenance and other operating lease expenses55 60 113 105 Personnel cost810 745 1,628 1,489 Net occupancy expense61 58 119 120 Equipment expense131 126 267 240 Professional fees30 24 55 49 Third-party processing fees63 58 126 118 FDIC insurance expense38 33 76 74 Marketing expense32 18 64 32 Acquisition-related expenses38 44 80 102 Intangible asset amortization13 15 28 32 Other noninterest expense129 107 239 207 Total noninterest expense1,500 1,386 2,993 2,762 Income before income taxes758 979 1,409 1,983 Income tax expense183 272 351 545 Net income$575 $707 $1,058 $1,438 Preferred stock dividends14 16 29 31 Net income available to common stockholders$561 $691 $1,029 $1,407 Earnings per common shareBasic$42.36 $47.54 $76.73 $96.81 Diluted$42.36 $47.54 $76.73 $96.80 Weighted average common shares outstandingBasic13,237,22614,534,49913,405,29514,533,900Diluted13,237,22614,534,49913,405,29514,535,472

See accompanying Notes to the Unaudited Consolidated Financial Statements.

5

First Citizens BancShares, Inc. and Subsidiaries

Consolidated Statements of Comprehensive Income (Unaudited)

Three Months Ended June 30,Six Months Ended June 30,dollars in millions2025202420252024Net income$575