Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 231

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 231
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16 million, respectively.Stock-Settled Awards Outstandingshare amounts in whole dollarsStock-Settled AwardsNumber of SharesWeighted Average Grant Date Value(1)December 31, 2024Unvested at beginning of period20,255 $859.76 Forfeited / cancelled— 859.76 Vested / settled awards(20,255)859.76 Unvested at end of period— $859.76 December 31, 2023Unvested at beginning of period42,989 $859.76 Forfeited / cancelled(643)859.76 Vested / settled awards(22,091)859.76 Unvested at end of period20,255 $859.76 (1) Represents the share price of BancShares as of the CIT Merger Date.

NOTE 22 — SEGMENT INFORMATIONEffective January 1, 2024, we changed our segment reporting as further described in Note 1—Significant Accounting Policies and Basis of Presentation and the segment disclosures below for 2023 and 2022 were recast to conform with those segment reporting changes.BancShares’ segments include the General Bank, the Commercial Bank, SVB Commercial, and Rail. All other financial information not included in the segments is reported in the Corporate section of the segment disclosures. We do not aggregate multiple operating segments into a reportable segment. Therefore, each of our operating segments are reportable segments.Certain noninterest expenses are directly incurred by a segment, while others are not. Noninterest expenses not directly incurred by a segment are included in Corporate unless allocated to a segment (“Allocated Expenses”). Under our segment expense allocation methodology, Allocated Expenses increase noninterest expense of the applicable segment(s), with an offsetting decrease to Corporate noninterest expense. “All other noninterest expense” in the segment reporting tables below are presented net of Allocated Expenses, resulting in a reduction to expense (or “Contra Expense”) for Corporate.  

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General Bank The General Bank segment delivers products and services to consumers and businesses through our extensive network of branches and various digital channels. We offer a full suite of deposit products, loans (primarily residential mortgages and business and commercial loans), cash management, private banking and wealth management, payment services, and treasury services. We offer conforming and jumbo residential mortgage loans throughout the United States that are primarily originated through branches and retail referrals, employee referrals, internet leads, direct