Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 58

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 58
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axIncomeTaxesNet of Income TaxesPretaxIncomeTaxesNet of Income TaxesUnrealized loss on securities available for sale$(440)$95 $(345)$(762)$178 $(584)Unrealized loss on securities available for sale transferred to held to maturity(6)2 (4)(6)2 (4)Defined benefit pension items182 (47)135 182 (47)135 Unrealized gain on cash flow hedge derivatives20 (5)15 11 (3)8 Total accumulated other comprehensive loss$(244)$45 $(199)$(575)$130 $(445)

46

The following table details the changes in the components of AOCI, net of income taxes:Changes in Accumulated Other Comprehensive (Loss) Income by Componentdollars in millionsUnrealized loss on securities available for saleUnrealized loss on securities available for sale transferred to held to maturityDefined benefit pension itemsUnrealized gain on cash flow hedge derivativesTotal accumulated other comprehensive lossBalance as of December 31, 2024$(584)$(4)$135 $8 $(445)AOCI activity before reclassifications239 — — 10 249 Amounts reclassified from AOCI to earnings— — — (3)(3)Other comprehensive income for the period239 — — 7 246 Balance as of March 31, 2025$(345)$(4)$135 $15 $(199)Balance as of December 31, 2023$(577)$(5)$91 $— $(491)Other comprehensive loss for the period(91)— — — (91)Balance as of March 31, 2024$(668)$(5)$91 $— $(582)Other Comprehensive Income The amounts included in the Consolidated Statements of Comprehensive Income are net of income taxes. The following table presents the pretax and after tax components of other comprehensive income:Other Comprehensive Income (Loss) by Componentdollars in millionsThree Months Ended March 31,20252024PretaxIncomeTaxesNet of Income TaxesPretaxIncomeTaxesNet of Income TaxesIncome Statement Line ItemsUnrealized loss on securities available for sale:Other comprehensive income (loss) on securities available for sale$322 $(83)$239 $(124)$33 $(91)Unrealized gain on cash flow hedge derivatives:AOCI activity before reclassifications