Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 137

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 137
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 borrowingsBorrowings— (1)— (6)Gain (loss) on hedged item - time depositsDeposits— 1 — 1 Gain on hedged item - borrowingsBorrowings1 — 2 5 Net gain on fair value hedgesTotal interest expense$1 $(1)$2 $(1)The following table presents the carrying value of hedged items and associated cumulative hedging adjustment related to fair value hedges:Carrying Value of Hedged Itemsdollars in millionsCumulative Fair Value Hedging Adjustment Included in the Carrying Value of Hedged ItemsCarrying Value of Hedged ItemsCurrently DesignatedNo Longer DesignatedJune 30, 2025Long-term borrowings$219 $— $— Deposits134 — — December 31, 2024Long-term borrowings795 2 — Deposits335 1 — Cash Flow Hedges The following table presents the pretax unrealized gain on hedging instruments in cash flow hedges, which are reported in other comprehensive income, and the pretax amount reclassified from accumulated other comprehensive income (“AOCI”) to earnings:Unrealized Gain on Cash Flow Hedges dollars in millionsThree Months Ended June 30,Six Months Ended June 30,2025202420252024Other comprehensive income on cash flow hedge derivatives before reclassifications$— $3 $12 $3 Amounts reclassified from AOCI to earnings(1)— (4)— Other comprehensive income on cash flow hedge derivatives$(1)$3 $8 $3 The following table presents other information for cash flow hedges:Other Information for Cash Flow Hedgesdollars in millionsJune 30, 2025December 31, 2024Unrealized gain on cash flow hedge derivatives reported in AOCI, net of income taxes$14 $8 Estimate to be reclassified from AOCI to earnings during the next 12 months, net of income taxes (1)$6 $7 Maximum number of months over which forecasted cash flows are hedged2524(1) Reclassified amounts could differ from amounts actually recognized due to factors such as changes in interest rates, hedge de-designations and the addition of other hedges.

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Non-Qualifying HedgesThe following table presents gains on non-qualifying hedges recognized on the Consolidated Statements of Income:G