FIRST CITIZENS BANCSHARES INC /DE/
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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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.
Sep 30, 2026 · Filed Nov 6, 2026
FCNCA$2,311.52+0.9%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| dollars in millions | 2026 | 2025 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $1,812 | $1,626 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Provision for credit losses | 117 | 460 |
| Deferred tax expense (benefit) | 40 | (104) |
| Depreciation, amortization, and accretion, net | 519 | 284 |
| Realized gain on sale of investment securities, net | (28) | — |
| Fair value adjustment on marketable equity securities, net | 5 | (10) |
| Gain on sale of loans, net | (8) | (12) |
| Gain on sale of operating lease equipment, net | (32) | (16) |
| Gain on other real estate owned, net | (1) | (1) |
| Loss on extinguishment of debt | 34 | — |
| Origination of loans held for sale | (1,038) | (1,011) |
| Proceeds from sale of loans held for sale | 1,266 | 1,137 |
| Impairment of premises and equipment and other assets | 9 | 5 |
| Net change in other assets | (660) | (86) |
| Net change in other liabilities | 120 | (345) |
| Other operating activities | (38) | (54) |
| Net cash provided by operating activities | 2,117 | 1,873 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Net decrease (increase) in interest-earning deposits at banks | 5,437 | (3,434) |
| Proceeds from sales of investments in marketable equity securities | 38 | — |
| Purchases of investment securities available for sale | (13,416) | (7,476) |
| Proceeds from maturities of investment securities available for sale | 3,866 | 5,802 |
| Proceeds from sales of investment securities available for sale | 4,829 | 1,196 |
| Purchases of investment securities held to maturity | (194) | (389) |
| Proceeds from maturities of investment securities held to maturity | 702 | 598 |
| Net decrease in securities purchased under agreements to resell | 35 | 75 |
| Net increase in loans | (9,630) | (4,987) |
| Proceeds from sales of loans | 1,357 | 220 |
| Net increase in credit balances of factoring clients | 411 | 392 |
| Purchases of operating lease equipment | (536) | (522) |
| Proceeds from sales of operating lease equipment | 215 | 195 |
| Purchases of premises and equipment | (456) | (467) |
| Proceeds from sales of other real estate owned | 45 | 20 |
| Cash acquired in a business combination | 23 | — |
| Other investing activities | (431) | (463) |
| Net cash used in investing activities | (7,705) | (9,240) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Net increase (decrease) in time deposits | 6,165 | (2,178) |
| Net increase in demand and other interest-bearing deposits | 12,656 | 10,312 |
| Net (decrease) increase in securities sold under agreements to repurchase | (108) | 56 |
| Repayment of long-term borrowings | (13,008) | (355) |
| Net proceeds from issuance of long-term borrowings | 1,641 | 1,839 |
| Issuance of Series E preferred stock | 390 | — |
| Issuance of Series F preferred stock | 296 | — |
| Repurchase of Class A common stock | (2,105) | (2,127) |
| Cash dividends paid | (159) | (121) |
| Other financing activities | — | 1 |
| Net cash provided by financing activities | 5,768 | 7,427 |
| Change in cash and due from banks | 180 | 60 |
| Cash and due from banks at beginning of period | 801 | 814 |
| Cash and due from banks at end of period | $981 | $874 |
| Nine Months Ended September 30, | ||
|---|---|---|
| dollars in millions | 2026 | 2025 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
| Cash paid during the period for: | ||
| Interest | $3,483 | $3,663 |
| Income taxes | 218 | 289 |
| Significant non-cash investing and financing activities: | ||
| Transfers of loans to other real estate | 21 | 55 |
| Transfer of assets from held for investment to held for sale | 996 | 401 |
| Transfer of assets from held for sale to held for investment | 67 | 28 |
| Retained interests in a securitization | 18 | — |
| Commitments extended during the period on affordable housing investment credits | 52 | 454 |
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