Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 250

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 250
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. Repurchases under the 2025 SRP commenced in September 2025 upon the completion of the 2024 SRP in August 2025. Refer to the “Recent Events” section above for more information and Part II, Item 2. Unregistered Sales of Equity Securities and Use of Proceeds for our monthly repurchase activity during the current quarter. 

The following table details the change in outstanding Class A common stock through September 30, 2025. Refer to Note 12—Stockholders' Equity for additional information.

Table 52Changes in Shares of Class A Common Stock Outstanding

Three Months Ended September 30, 2025Nine Months Ended September 30, 2025Class A common stock shares outstanding at beginning of period12,070,794 12,712,436 Shares repurchased under authorized repurchase plan(457,350)(1,098,992)Class A common stock shares outstanding at end of period11,613,444 11,613,444 

We also had 1,005,185 Class B common stock outstanding at September 30, 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.

104

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 53Analysis of Capital Adequacy

dollars in millionsBasel III RequirementsPCA Well Capitalized ThresholdsSeptember 30, 2025June 30, 2025December 31, 2024AmountRatioAmountRatioAmountRatioAdjusted Ratio (1)BancSharesRisk-based capital ratiosTotal risk-based capital10.50 %10.00 %$24,901 14.05 %$24,713 14.25 %$24,610 15.04 %14.27 %Tier 1 risk-based capital8.50 8.00