FIRST CITIZENS BANCSHARES INC DE
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
FCNCA$2,311.52+0.9%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets at December 31, 2023 and 2022
| dollars in millions, except share data | December 31, 2023 | December 31, 2022 |
|---|---|---|
| Assets | ||
| Cash and due from banks | $908 | $518 |
| Interest-earning deposits at banks | 33,609 | 5,025 |
| Securities purchased under agreements to resell | 473 | — |
| Investment in marketable equity securities (cost of $75 at December 31, 2023 and $75 at December 31, 2022) | 84 | 95 |
| Investment securities available for sale (cost of $20,688 at December 31, 2023 and $9,967 at December 31, 2022), net of allowance for credit losses | 19,936 | 8,995 |
| Investment securities held to maturity (fair value of $8,503 at December 31, 2023 and $8,795 at December 31, 2022) | 9,979 | 10,279 |
| Assets held for sale | 76 | 60 |
| Loans and leases | 133,302 | 70,781 |
| Allowance for loan and lease losses | (1,747) | (922) |
| Loans and leases, net of allowance for loan and lease losses | 131,555 | 69,859 |
| Operating lease equipment, net | 8,746 | 8,156 |
| Premises and equipment, net | 1,877 | 1,456 |
| Goodwill | 346 | 346 |
| Other intangible assets, net | 312 | 140 |
| Other assets | 5,857 | 4,369 |
| Total assets | $213,758 | $109,298 |
| Liabilities | ||
| Deposits: | ||
| Noninterest-bearing | $39,799 | $24,922 |
| Interest-bearing | 106,055 | 64,486 |
| Total deposits | 145,854 | 89,408 |
| Credit balances of factoring clients | 1,089 | 995 |
| Borrowings: | ||
| Short-term borrowings | 485 | 2,186 |
| Long-term borrowings | 37,169 | 4,459 |
| Total borrowings | 37,654 | 6,645 |
| Other liabilities | 7,906 | 2,588 |
| Total liabilities | 192,503 | 99,636 |
| Stockholders’ equity | ||
| Preferred stock - $0.01 par value (20,000,000 and 10,000,000 shares authorized at December 31, 2023 and December 31, 2022, respectively) | 881 | 881 |
| Common stock: | ||
| Class A - $1 par value (32,000,000 and 16,000,000 shares authorized at December 31, 2023 and December 31, 2022, respectively; 13,514,933 and 13,501,017 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively) | 14 | 14 |
| Class B - $1 par value (2,000,000 shares authorized; 1,005,185 shares issued and outstanding at December 31, 2023 and December 31, 2022) | 1 | 1 |
| Additional paid in capital | 4,108 | 4,109 |
| Retained earnings | 16,742 | 5,392 |
| Accumulated other comprehensive loss | (491) | (735) |
| Total stockholders’ equity | 21,255 | 9,662 |
| Total liabilities and stockholders’ equity | $213,758 | $109,298 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.