FIRST CITIZENS BANCSHARES INC /DE/

For the period ended Jun 30, 2025. Filed Aug 8, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 8, 2025

FCNCA$2,311.52+0.9%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income (Unaudited)

	Three Months Ended June 30,		Six Months Ended June 30,
dollars in millions, except share and per share data	2025	2024	2025	2024
Interest income
Interest and fees on loans	$2,270	$2,422	$4,506	$4,776
Interest on investment securities	419	330	833	612
Interest on deposits at banks	256	378	501	826
Total interest income	2,945	3,130	5,840	6,214
Interest expense
Deposits	894	975	1,787	1,903
Borrowings	356	334	695	673
Total interest expense	1,250	1,309	2,482	2,576
Net interest income	1,695	1,821	3,358	3,638
Provision for credit losses	115	95	269	159
Net interest income after provision for credit losses	1,580	1,726	3,089	3,479
Noninterest income
Rental income on operating lease equipment	272	259	542	514
Lending-related fees	69	63	135	122
Deposit fees and service charges	59	57	117	115
Client investment fees	52	54	105	104
Wealth management services	55	52	111	103
International fees	33	29	65	57
Factoring commissions	18	19	35	36
Cardholder services, net	41	40	82	80
Merchant services, net	13	12	27	24
Insurance commissions	14	13	28	28
Fair value adjustment on marketable equity securities, net	2	(2)	(3)	(6)
Gain on sale of leasing equipment, net	8	4	13	14
Loss on extinguishment of debt	—	—	—	(2)
Other noninterest income	42	39	56	77
Total noninterest income	678	639	1,313	1,266
Noninterest expense
Depreciation on operating lease equipment	100	98	198	194
Maintenance and other operating lease expenses	55	60	113	105
Personnel cost	810	745	1,628	1,489
Net occupancy expense	61	58	119	120
Equipment expense	131	126	267	240
Professional fees	30	24	55	49
Third-party processing fees	63	58	126	118
FDIC insurance expense	38	33	76	74
Marketing expense	32	18	64	32
Acquisition-related expenses	38	44	80	102
Intangible asset amortization	13	15	28	32
Other noninterest expense	129	107	239	207
Total noninterest expense	1,500	1,386	2,993	2,762
Income before income taxes	758	979	1,409	1,983
Income tax expense	183	272	351	545
Net income	$575	$707	$1,058	$1,438
Preferred stock dividends	14	16	29	31
Net income available to common stockholders	$561	$691	$1,029	$1,407
Earnings per common share
Basic	$42.36	$47.54	$76.73	$96.81
Diluted	$42.36	$47.54	$76.73	$96.80
Weighted average common shares outstanding
Basic	13,237,226	14,534,499	13,405,295	14,533,900
Diluted	13,237,226	14,534,499	13,405,295	14,535,472

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.