Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 74

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 74
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 of our liquidity position, liquidity conditions and trends. We measure and forecast liquidity and liquidity risks under different hypothetical scenarios and across different horizons. We use a liquidity stress testing framework to better understand the range of potential risks and their impacts to which BancShares is exposed. Stress test results inform our business strategy, risk appetite, levels of liquid assets, and contingency funding plans. Also included among our liquidity measurement tools are key risk indicators that assist in identifying potential liquidity risk and stress events. 

BancShares maintains a framework to establish liquidity risk tolerances, monitoring, and breach escalation protocol to alert management of potential funding and liquidity risks and to initiate mitigating actions as appropriate. Further, BancShares maintains a contingent funding plan, which details protocols and potential actions to be taken under liquidity stress conditions.

Liquidity includes available cash and HQLS. At June 30, 2025 we had $63.62 billion of high-quality liquid assets (27.7% of total assets) and $28.51 billion of contingent liquidity sources available. The higher available cash level presented below was due in part from deposit growth, maturing investment securities, and funds received in connection with the Linked Quarter Debt Issuances. During the Current Quarter, we increased our borrowing capacity under agreements with the FRB through expansion of the eligible loan population to targeted loans historically not pledged to the FRB. As noted below, the draw period under the Advance Facility Agreement with the FDIC ended March 27, 2025, as of which date, FCB had no outstanding amounts under the facility. 

Table 49

Liquidity

dollars in millionsJune 30, 2025March 31, 2025December 31, 2024Available cash$25,332 $23,769 $20,545 High-quality liquid securities (1)38,284 39,018 38,794 High-quality liquid assets$63,616 $62,787 $59,339 Current Capacity (2) of Credit Facilities:FHLB facility (3)$17,852 $16,542 $16,423 FRB facility10,561 5,612 5,475 FDIC facility (4)— — 5,291 Line of credit100 100 100 Total contingent sources$28,513 $22,254 $27,289 Total liquid assets and contingent sources$92,129 $85,041 $