Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 314

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 314
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LOSS) INCOME  The following table details the components of AOCI:Components of Accumulated Other Comprehensive Lossdollars in millionsJune 30, 2025December 31, 2024PretaxIncome TaxesNet of Income TaxesPretaxIncome TaxesNet of Income TaxesUnrealized loss on securities available for sale$(321)$65 $(256)$(762)$178 $(584)Unrealized loss on securities available for sale transferred to held to maturity(6)2 (4)(6)2 (4)Defined benefit pension items178 (46)132 182 (47)135 Unrealized gain on cash flow hedge derivatives19 (5)14 11 (3)8 Total accumulated other comprehensive loss$(130)$16 $(114)$(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 $(445)AOCI activity before reclassifications328 — (3)9 334 Amounts reclassified from AOCI to earnings— — — (3)(3)Other comprehensive income (loss) for the period328 — (3)6 331 Balance as of June 30, 2025$(256)$(4)$132 $14 $(114)Balance as of December 31, 2023$(577)$(5)$91 $— $(491)Other comprehensive loss (income) for the period(113)— (8)2 (119)Balance as of June 30, 2024$(690)$(5)$83 $2 $(610)

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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 June 30,20252024PretaxIncome TaxesNet of Income TaxesPretaxIncome TaxesNet of Income TaxesIncome Statement Line ItemsUnrealized loss on securities