Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 92

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 92
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Item 1. Financial Statements.

First Citizens BancShares, Inc. and Subsidiaries

Consolidated Balance Sheets (Unaudited)

dollars in millions, except share dataJune 30, 2025December 31, 2024AssetsCash and due from banks$889 $814 Interest-earning deposits at banks26,184 21,364 Securities purchased under agreements to resell300 158 Investment in marketable equity securities (cost of $78 at June 30, 2025 and $79 at December 31, 2024)97 101 Investment securities available for sale (cost of $33,381 at June 30, 2025 and $34,512 at December 31, 2024)33,060 33,750 Investment securities held to maturity (fair value of $8,888 at June 30, 2025 and $8,702 at December 31, 2024)10,189 10,239 Assets held for sale125 85 Loans and leases141,269 140,221 Allowance for loan and lease losses(1,672)(1,676)Loans and leases, net of allowance for loan and lease losses139,597 138,545 Operating lease equipment, net9,466 9,323 Premises and equipment, net2,115 2,006 Goodwill346 346 Other intangible assets, net221 249 Other assets7,064 6,740 Total assets$229,653 $223,720 LiabilitiesDeposits:Noninterest-bearing$40,879 $38,633 Interest-bearing119,056 116,596 Total deposits159,935 155,229 Credit balances of factoring clients1,077 1,016 Borrowings:Short-term borrowings471 367 Long-term borrowings37,641 36,684 Total borrowings38,112 37,051 Other liabilities8,233 8,196 Total liabilities207,357 201,492 Stockholders’ equityPreferred stock - $0.01 par value (20,000,000 shares authorized at June 30, 2025 and December 31, 2024) 881 881 Common stock:Class A - $1 par value (32,000,000 shares authorized at June 30, 2025