Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 93

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 93
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 and December 31, 2024; 12,070,794 and 12,712,436 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively)12 13 Class B - $1 par value (2,000,000 shares authorized and 1,005,185 shares issued and outstanding at June 30, 2025 and December 31, 2024)1 1 Additional paid in capital1,179 2,417 Retained earnings20,337 19,361 Accumulated other comprehensive loss(114)(445)Total stockholders’ equity22,296 22,228 Total liabilities and stockholders’ equity$229,653 $223,720 

See accompanying Notes to the Unaudited Consolidated Financial Statements.

4

First Citizens BancShares, Inc. and Subsidiaries

Consolidated Statements of Income (Unaudited)

Three Months Ended June 30,Six Months Ended June 30,dollars in millions, except share and per share data2025202420252024Interest incomeInterest and fees on loans$2,270 $2,422 $4,506 $4,776 Interest on investment securities419 330 833 612 Interest on deposits at banks256 378 501 826 Total interest income2,945 3,130 5,840 6,214 Interest expenseDeposits894 975 1,787 1,903 Borrowings356 334 695 673 Total interest expense1,250 1,309 2,482 2,576 Net interest income1,695 1,821 3,358 3,638 Provision for credit losses115 95 269 159 Net interest income after provision for credit losses1,580 1,726 3,089 3,479 Noninterest incomeRental income on operating lease equipment272 259 542 514 Lending-related fees69 63 135 122 Deposit fees and service charges59 57 117 115 Client investment fees52 54 105 104 Wealth management services55 52 111 103 International fees33 29 65 57 Factoring commissions18 19 35 36 Cardholder services, net41 40 82 80 Merchant services, net13 12