Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 142

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 142
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8 Estimate to be reclassified from AOCI to earnings during the next 12 months, net of income taxes (1)$7 $7 Maximum number of months over which forecasted cash flows are hedged2224(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.

39

Non-Qualifying HedgesThe following table presents gains on non-qualifying hedges recognized on the Consolidated Statements of Income:Gains (Losses) on Non-Qualifying Hedgesdollars in millionsThree Months Ended September 30,Nine Months Ended September 30,Amounts Recognized2025202420252024Interest rate contractsOther noninterest income$4 $(5)$10 $6 Foreign currency forward contracts (1)Other noninterest income12 (20)(52)3 Other contractsOther noninterest income1 2 3 1 Total non-qualifying hedges - income statement impact$17 $(23)$(39)$10 

(1) This is primarily related to economic hedges of foreign currency risks arising from loans and other assets denominated in foreign currency. There is an offsetting impact within noninterest income for the foreign exchange revaluation of the associated assets denominated in foreign currency. 

NOTE 11 — FAIR VALUE Fair Value HierarchyBancShares measures certain financial assets and liabilities at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP also establishes a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three levels. Assets and liabilities are recorded at fair value according to a fair value hierarchy comprised of three levels. The levels are based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. The level within the fair value hierarchy for an asset or liability is based on the lowest level of input significant to the fair value measurement with Level 1 inputs considered highest and Level 3 inputs considered lowest. A brief description of each input level follows:•Level 1 inputs are quoted prices in active markets for identical assets and liabilities.•Level 2 inputs are quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active and inputs other than