Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 379

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 379
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 well as manufacturers and commodity shippers. Our total operating lease fleet at September 30, 2025 consisted of approximately 127,600 railcars and locomotives. 

The following tables reflect the proportion of railcars by type based on units and net investment, and rail operating lease equipment by obligor industry:

Table 19Operating Lease Railcar Portfolio by Type (units and net investment)

September 30, 2025June 30, 2025December 31, 2024Railcar TypeTotal Owned Fleet - % Total UnitsTotal Owned Fleet - % TotalNet InvestmentTotal Owned Fleet - % Total UnitsTotal Owned Fleet - % TotalNet InvestmentTotal Owned Fleet - % Total UnitsTotal Owned Fleet - % TotalNet InvestmentCovered hoppers45 %41 %45 %41 %45 %42 %Tank cars27 39 28 39 27 38 Mill/ coil gondolas8 6 8 6 8 6 Coal7 1 7 1 7 1 Boxcars5 5 6 5 6 6 Other8 8 6 8 7 7 Total100 %100 %100 %100 %100 %100 %

Table 20Rail Operating Lease Equipment by Obligor Industry

dollars in millions September 30, 2025June 30, 2025December 31, 2024Manufacturing$3,706 43 %$3,659 42 %$3,467 40 %Rail1,975 23 2,011 23 2,003 23 Wholesale1,532 18 1,550 18 1,505 18 Oil and gas extraction / services493 6 483 5 583 7 Energy and utilities213 2 222 3 239 3 Other 791 8 791 9 776 9 Total$8,710 100 %$8,716 100 %$8,573 100 %

80

Corporate 

Table 21Corporate: Financial Data

dollars in millions Three Months EndedIncrease (Decrease) from Linked QuarterNine Months EndedIncrease (Decrease)Year to DateEarnings SummarySeptember 30, 2025June 30, 2025September 30, 2024September 30, 2025September 30, 2024