Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 198

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 198
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 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 $(445)AOCI activity before reclassifications239 — — 10 249 Amounts reclassified from AOCI to earnings— — — (3)(3)Other comprehensive income for the period239 — — 7 246 Balance as of March 31, 2025$(345)$(4)$135 $15 $(199)Balance as of December 31, 2023$(577)$(5)$91 $— $(491)Other comprehensive loss for the period(91)— — — (91)Balance as of March 31, 2024$(668)$(5)$91 $— $(582)Other Comprehensive Income The amounts included in the Consolidated Statements of Comprehensive Income are net of income taxes. The following table presents the pretax and after tax components of other comprehensive income:Other Comprehensive Income (Loss) by Componentdollars in millionsThree Months Ended March 31,20252024PretaxIncomeTaxesNet of Income TaxesPretaxIncomeTaxesNet of Income TaxesIncome Statement Line ItemsUnrealized loss on securities available for sale:Other comprehensive income (loss) on securities available for sale$322 $(83)$239 $(124)$33 $(91)Unrealized gain on cash flow hedge derivatives:AOCI activity before reclassifications$12 $(2)$10 $— $— $— Amounts reclassified from AOCI to earnings(3)— (3)— — — Interest and fees on loansOther comprehensive income on cash flow hedge derivatives$9 $(2)$7 $— $— $— Total other comprehensive income (loss)$331 $(85)$246 $(124)$33 $(91)

NOTE 14 — EARNINGS PER COMMON SHAREThe following table sets forth the computation of the basic and diluted earnings per common share:Earnings per Common Share dollars in millions, except per share dataThree Months Ended March 31,20252024Net income$483 $731 Preferred stock dividends15 15 Net income available to