FIRST CITIZENS BANCSHARES INC DE
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
FCNCA$2,311.52+0.9%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets at December 31, 2024 and 2023
| dollars in millions, except share data | December 31, 2024 | December 31, 2023 |
|---|---|---|
| Assets | ||
| Cash and due from banks | $814 | $908 |
| Interest-earning deposits at banks | 21,364 | 33,609 |
| Securities purchased under agreements to resell | 158 | 473 |
| Investment in marketable equity securities (cost of $79 at December 31, 2024 and $75 at December 31, 2023) | 101 | 84 |
| Investment securities available for sale (cost of $34,512 at December 31, 2024 and $20,688 at December 31, 2023), net of allowance for credit losses | 33,750 | 19,936 |
| Investment securities held to maturity (fair value of $8,702 at December 31, 2024 and $8,503 at December 31, 2023) | 10,239 | 9,979 |
| Assets held for sale | 85 | 76 |
| Loans and leases | 140,221 | 133,302 |
| Allowance for loan and lease losses | (1,676) | (1,747) |
| Loans and leases, net of allowance for loan and lease losses | 138,545 | 131,555 |
| Operating lease equipment, net | 9,323 | 8,746 |
| Premises and equipment, net | 2,006 | 1,877 |
| Goodwill | 346 | 346 |
| Other intangible assets, net | 249 | 312 |
| Other assets | 6,740 | 5,857 |
| Total assets | $223,720 | $213,758 |
| Liabilities | ||
| Deposits: | ||
| Noninterest-bearing | $38,633 | $39,799 |
| Interest-bearing | 116,596 | 106,055 |
| Total deposits | 155,229 | 145,854 |
| Credit balances of factoring clients | 1,016 | 1,089 |
| Borrowings: | ||
| Short-term borrowings | 367 | 485 |
| Long-term borrowings | 36,684 | 37,169 |
| Total borrowings | 37,051 | 37,654 |
| Other liabilities | 8,196 | 7,906 |
| Total liabilities | 201,492 | 192,503 |
| Stockholders’ equity | ||
| Preferred stock - $0.01 par value (20,000,000 shares authorized at December 31, 2024 and December 31, 2023) | 881 | 881 |
| Common stock: | ||
| Class A - $1 par value (32,000,000 shares authorized at December 31, 2024 and December 31, 2023; 12,712,436 and 13,514,933 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively) | 13 | 14 |
| Class B - $1 par value (2,000,000 shares authorized and 1,005,185 shares issued and outstanding at December 31, 2024 and December 31, 2023) | 1 | 1 |
| Additional paid in capital | 2,417 | 4,108 |
| Retained earnings | 19,361 | 16,742 |
| Accumulated other comprehensive loss | (445) | (491) |
| Total stockholders’ equity | 22,228 | 21,255 |
| Total liabilities and stockholders’ equity | $223,720 | $213,758 |
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