Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 98

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 98
---
10,757)Proceeds from maturities of investment securities available for sale2,972 2,729 Proceeds from sales of investment securities available for sale1,196 695 Purchases of investment securities held to maturity(218)(791)Proceeds from maturities of investment securities held to maturity282 249 Net (increase) decrease in securities purchased under agreements to resell(142)81 Net increase in loans(1,320)(6,190)Proceeds from sales of loans146 218 Net increase in credit balances of factoring clients127 86 Purchases of operating lease equipment(385)(428)Proceeds from sales of operating lease equipment124 103 Purchases of premises and equipment(229)(195)Proceeds from sales of other real estate owned10 11 Other investing activities(272)(169)Net cash used in investing activities(5,439)(6,110)CASH FLOWS FROM FINANCING ACTIVITIESNet decrease in time deposits(2,010)(1,261)Net increase in demand and other interest-bearing deposits6,885 6,568 Net increase (decrease) in securities sold under agreements to repurchase104 (99)Repayment of long-term borrowings(352)(32)Proceeds from issuance of long-term borrowings1,242 — Repurchase of Class A common stock(1,231)— Cash dividends paid(82)(78)Other financing activities1 (10)Net cash provided by financing activities4,557 5,088 Change in cash and due from banks75 (144)Cash and due from banks at beginning of period814 908 Cash and due from banks at end of period$889 $764 

8

Six Months Ended June 30,dollars in millions20252024SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATIONCash paid during the period for:Interest$2,422 $2,618 Income taxes171 703 Significant non-cash investing and financing activities:Transfers of loans to other real estate54 — Net settlement with FDIC for Purchase Money Note— 80 Transfer of assets from held for investment to held for sale286 236 Commitments extended during the period on affordable housing investment credits197 323 

See accompanying Notes to the Unaudited Consolidated Financial Statements.

9

First Citizens BancShares, Inc. and Subsidiaries