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Midas Edge

FIRST CITIZENS BANCSHARES INC /DE/

For the period ended Jun 30, 2026. Filed Aug 7, 2026.

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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, 2026 · Filed Aug 7, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Cash Flows (Unaudited)

Six Months Ended June 30,
dollars in millions20262025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income$1,206$1,058
Adjustments to reconcile net income to cash provided by operating activities:
Provision for credit losses62269
Deferred tax expense (benefit)79(74)
Depreciation, amortization, and accretion, net336193
Fair value adjustment on marketable equity securities, net(18)3
Gain on sale of loans, net(8)(4)
Gain on sale of operating lease equipment, net(25)(13)
(Gain) loss on other real estate owned, net(2)7
Loss on extinguishment of debt15—
Origination of loans held for sale(681)(678)
Proceeds from sale of loans held for sale911771
Impairment of premises and equipment and other assets15
Net change in other assets(183)(241)
Net change in other liabilities(447)(290)
Other operating activities(31)(49)
Net cash provided by operating activities1,215957
CASH FLOWS FROM INVESTING ACTIVITIES
Net increase in interest-earning deposits at banks(1,331)(4,820)
Purchases of investment securities available for sale(8,685)(2,910)
Proceeds from maturities of investment securities available for sale2,8062,972
Proceeds from sales of investment securities available for sale3,4271,196
Purchases of investment securities held to maturity(100)(218)
Proceeds from maturities of investment securities held to maturity341282
Net increase in securities purchased under agreements to resell(505)(142)
Net increase in loans(3,968)(1,320)
Proceeds from sales of loans1,265146
Net increase in credit balances of factoring clients181127
Purchases of operating lease equipment(382)(385)
Proceeds from sales of operating lease equipment146124
Purchases of premises and equipment(243)(229)
Proceeds from sales of other real estate owned2610
Other investing activities(267)(272)
Net cash used in investing activities(7,289)(5,439)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in time deposits3,891(2,010)
Net increase in demand and other interest-bearing deposits7,9556,885
Net (decrease) increase in securities sold under agreements to repurchase(72)104
Repayment of long-term borrowings(5,005)(352)
Net proceeds from issuance of long-term borrowings1,2441,242
Issuance of Series E preferred stock390—
Repurchase of Class A common stock(1,505)(1,231)
Cash dividends paid(106)(82)
Other financing activities—1
Net cash provided by financing activities6,7924,557
Change in cash and due from banks71875
Cash and due from banks at beginning of period801814
Cash and due from banks at end of period$1,519$889
Six Months Ended June 30,
dollars in millions20262025
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid during the period for:
Interest$2,263$2,422
Income taxes168171
Significant non-cash investing and financing activities:
Transfers of loans to other real estate1554
Transfer of assets from held for investment to held for sale862286
Transfer of assets from held for sale to held for investment55—
Retained interests in a securitization18—
Commitments extended during the period on affordable housing investment credits32197
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.