Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 130

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 130
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 157 Other investing activities(473)208 (108)Net cash (used in) provided by investing activities(10,155)2,429 75 CASH FLOWS FROM FINANCING ACTIVITIESNet (decrease) increase in time deposits(3,169)5,634 568 Net increase (decrease) in demand and other interest-bearing deposits12,630 (5,369)(2,259)Net (decrease) increase in securities sold under customer repurchase agreements(118)39 (153)Repayment of short-term borrowings— (2,250)(1,355)Proceeds from issuance of short-term borrowings— 500 3,105 Repayment of long-term borrowings(450)(13,120)(5,099)Proceeds from issuance of long-term borrowings— 9,991 3,854 Repurchase of Class A common stock(1,648)— (1,240)Cash dividends paid(158)(117)(83)Other financing activities(14)(7)(24)Net cash provided by (used in) financing activities7,073 (4,699)(2,686)Change in cash and due from banks(94)390 180 Cash and due from banks at beginning of period908 518 338 Cash and due from banks at end of period$814 $908 $518 

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Year Ended December 31,dollars in millions202420232022SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATIONCash paid during the period for:Interest$5,079 $3,686 $525 Income taxes763 514 (551)Significant non-cash investing and financing activities:Net settlement with FDIC for Purchase Money Note80 — — Dividends declared but not paid— — 1 Transfer of assets from held for investment to held for sale606 336 188 Commitments extended during the period on affordable housing investment credits710 224 110 Issuance of common stock as consideration for CIT Merger— — 5,279 Stock based compensation as consideration for CIT Merger— — 81 Issuance of preferred stock as consideration for CIT Merger— — 541 Purchase Money Note as consideration for SVBB Acquisition— 35,808 — 

See accompanying Notes to the Consolidated Financial Statements.

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First Citizens