Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 97

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 97
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 Merchant services, net12 12 39 36 Insurance commissions13 14 41 42 Realized gain on sale of investment securities, net— 4 — 4 Fair value adjustment on marketable equity securities, net13 9 10 3 Gain on sale of leasing equipment, net3 5 16 19 Loss on extinguishment of debt— — — (2)Other noninterest income  51 21 107 98 Total noninterest income699 650 2,012 1,916 Noninterest expenseDepreciation on operating lease equipment98 99 296 293 Maintenance and other operating lease expenses67 59 180 164 Personnel cost817 788 2,445 2,277 Net occupancy expense58 62 177 182 Equipment expense137 128 404 368 Professional fees26 42 81 91 Third-party processing fees67 55 193 173 FDIC insurance expense38 31 114 105 Marketing expense33 20 97 52 Acquisition-related expenses28 46 108 148 Intangible asset amortization13 15 41 47 Other noninterest expense109 111 348 318 Total noninterest expense1,491 1,456 4,484 4,218 Income before income taxes751 873 2,160 2,856 Income tax expense183 234 534 779 Net income$568 $639 $1,626 $2,077 Preferred stock dividends14 15 43 46 Net income available to common stockholders$554 $624 $1,583 $2,031 Earnings per common shareBasic$43.08 $43.42 $119.70 $140.27 Diluted$43.08 $43.42 $119.70 $140.26 Weighted average common shares outstandingBasic12,849,33914,375,97413,217,94014,480,874Diluted12,849,33914,375,97413,217,94014,481,919

See accompanying Notes to the Unaudited Consolidated Financial Statements.

5

First Citizens BancShares, Inc. and Subsidiaries

Consolidated Statements of Comprehensive Income (Unaudited)

Three Months Ended September