Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 153

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 153
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 and be payable quarterly in arrears on March 15, June 15, September 15, and December 15 of each year. Dividends on the BancShares Preferred Stock will not be cumulative. For further description of BancShares Preferred Stock, refer to Note 16—Stockholders’ Equity in the Notes to the Consolidated Financial Statements included in the 2024 Form 10-K.

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NOTE 13 — ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME  The following table details the components of AOCI:Components of Accumulated Other Comprehensive Lossdollars in millionsSeptember 30, 2025December 31, 2024PretaxIncome TaxesNet of Income TaxesPretaxIncome TaxesNet of Income TaxesUnrealized loss on securities available for sale$(224)$40 $(184)$(762)$178 $(584)Unrealized loss on securities available for sale transferred to held to maturity(5)1 (4)(6)2 (4)Defined benefit pension items177 (46)131 182 (47)135 Unrealized gain on cash flow hedge derivatives17 (4)13 11 (3)8 Total accumulated other comprehensive loss$(35)$(9)$(44)$(575)$130 $(445)The following table details the changes in the components of AOCI, net of income taxes:Changes in Accumulated Other Comprehensive (Loss) Income by Componentdollars in millionsUnrealized loss on securities available for saleUnrealized loss on securities available for sale transferred to held to maturityDefined benefit pension itemsUnrealized gain on cash flow hedge derivativesTotal accumulated other comprehensive lossBalance as of December 31, 2024$(584)$(4)$135 $8 $(445)AOCI activity before reclassifications400 — (4)8 404 Amounts reclassified from AOCI to earnings— — — (3)(3)Other comprehensive income (loss) for the period400 — (4)5 401 Balance as of September 30, 2025$(184)$(4)$131 $13 $(44)Balance as of December 31, 2023$(577)$(5)$91 $— $(491)AOCI activity before reclassifications325 — (8)12 329 Amounts reclassified from AOCI to earnings— 1 —