FIRST CITIZENS BANCSHARES INC /DE/'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), FIRST CITIZENS BANCSHARES INC /DE/ reported net income of $2.2B (-20.6% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Loans and leases | $9.1B | $9.5B | $8.2B | $3.0B |
| Investment securities | $1.7B | $1.3B | $648.0M | $354.0M |
| Deposits at banks | $992.0M | $1.5B | $1.6B | $106.0M |
| Total interest income | $11.8B | $12.4B | $10.4B | $3.4B |
| Deposits | $3.6B | $3.9B | $2.5B | $335.0M |
| Borrowings | $1.4B | $1.3B | $1.2B | $132.0M |
| Total interest expense | $5.0B | $5.2B | $3.7B | $467.0M |
| Net interest income | $6.8B | $7.1B | $6.7B | $2.9B |
| Provision for credit losses | $514.0M | $431.0M | $1.4B | $645.0M |
| Net interest income after provision for credit losses | $6.3B | $6.7B | $5.3B | $2.3B |
| Rental income on operating lease equipment | $1.1B | $1.0B | $971.0M | $864.0M |
| Noninterest income | $1.4B | $1.4B | $1.2B | $693.0M |
| Realized gain (loss) on sale of investment securities, net | $3.0M | $6.0M | — | — |
| Fair value adjustment on marketable equity securities, net | $22.0M | $13.0M | ($11.0M) | ($3.0M) |
| Gain on sale of leasing equipment, net | $30.0M | $30.0M | $20.0M | $15.0M |
| Gain on acquisition | $0 | $0 | $9.8B | $431.0M |
| Loss on extinguishment of debt | ($9.0M) | ($2.0M) | $0 | $7.0M |
| Other noninterest income | $160.0M | $148.0M | $120.0M | $97.0M |
| Total noninterest income | $2.7B | $2.6B | $12.1B | $2.1B |
| Depreciation on operating lease equipment | $398.0M | $394.0M | $371.0M | $345.0M |
| Maintenance and other operating lease expenses | $244.0M | $219.0M | $222.0M | $189.0M |
| Personnel cost | $3.3B | $3.1B | $2.6B | $1.4B |
| Net occupancy expense | $238.0M | $242.0M | $244.0M | $194.0M |
| Equipment expense | $555.0M | $504.0M | $422.0M | $216.0M |
| Professional fees | $115.0M | $121.0M | $73.0M | $57.0M |
| Third-party processing fees | $268.0M | $230.0M | $203.0M | $103.0M |
| FDIC insurance expense | $141.0M | $138.0M | $158.0M | $31.0M |
| Marketing expense | $142.0M | $76.0M | $102.0M | $53.0M |
| Acquisition-related expenses | $141.0M | $210.0M | $470.0M | $231.0M |
| Intangible asset amortization | $54.0M | $63.0M | $57.0M | $23.0M |
| Other noninterest expense | $466.0M | $460.0M | $377.0M | $237.0M |
| Total noninterest expense | $6.1B | $5.7B | $5.3B | $3.1B |
| Income before income taxes | $3.0B | $3.6B | $12.1B | $1.4B |
| Income tax expense | $765.0M | $815.0M | $611.0M | $264.0M |
| Net income | $2.2B | $2.8B | $11.5B | $1.1B |
| Preferred stock dividends | $57.0M | $61.0M | $59.0M | $50.0M |
| Net income available to common stockholders, basic | $2.1B | $2.7B | $11.4B | $1.0B |
| Net income available to common shareholders, diluted | $2.1B | $2.7B | $11.4B | $1.0B |
| Basic (in dollars per share) | $165.24 | $189.42 | $785.14 | $67.47 |
| Diluted (in dollars per share) | $165.24 | $189.41 | $784.51 | $67.40 |
| Basic (in shares) | 13.0M | 14.3M | 14.5M | 15.5M |
| Diluted (in shares) | 13.0M | 14.3M | 14.5M | 15.5M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Loans and leases | $2.3B | $2.2B | $2.3B | $2.3B |
| Investment securities | $401.0M | $384.0M | $433.0M | $419.0M |
| Deposits at banks | $197.0M | $196.0M | $265.0M | $256.0M |
| Total interest income | $2.9B | $2.8B | $3.0B | $2.9B |
| Deposits | $881.0M | $833.0M | $911.0M | $894.0M |
| Borrowings | $314.0M | $332.0M | $353.0M | $356.0M |
| Total interest expense | $1.2B | $1.2B | $1.3B | $1.3B |
| Net interest income | $1.7B | $1.6B | $1.7B | $1.7B |
| (Benefit) provision for credit losses | ($10.0M) | $72.0M | $191.0M | $115.0M |
| Net interest income after provision for credit losses | $1.7B | $1.5B | $1.5B | $1.6B |
| Rental income on operating lease equipment | $280.0M | $281.0M | $273.0M | $272.0M |
| Noninterest income | $386.0M | $367.0M | $359.0M | $354.0M |
| Fair value adjustment on marketable equity securities, net | $15.0M | $3.0M | $13.0M | $2.0M |
| Gain on sale of leasing equipment, net | $14.0M | $11.0M | $3.0M | $8.0M |
| Loss on extinguishment of debt | ($7.0M) | ($8.0M) | $0 | $0 |
| Other noninterest income | $88.0M | $38.0M | $51.0M | $42.0M |
| Total noninterest income | $776.0M | $692.0M | $699.0M | $678.0M |
| Depreciation on operating lease equipment | $101.0M | $101.0M | $98.0M | $100.0M |
| Maintenance and other operating lease expenses | $67.0M | $65.0M | $67.0M | $55.0M |
| Personnel cost | $844.0M | $869.0M | $817.0M | $810.0M |
| Net occupancy expense | $59.0M | $60.0M | $58.0M | $61.0M |
| Equipment expense | $141.0M | $136.0M | $137.0M | $131.0M |
| Professional fees | $26.0M | $24.0M | $26.0M | $30.0M |
| Third-party processing fees | $100.0M | $93.0M | $67.0M | $63.0M |
| FDIC insurance expense | $39.0M | $38.0M | $38.0M | $38.0M |
| Marketing expense | $45.0M | $30.0M | $33.0M | $32.0M |
| Acquisition-related expenses | $8.0M | $5.0M | $28.0M | $38.0M |
| Intangible asset amortization | $11.0M | $13.0M | $13.0M | $13.0M |
| Other noninterest expense | $110.0M | $102.0M | $109.0M | $129.0M |
| Total noninterest expense | $1.6B | $1.5B | $1.5B | $1.5B |
| Income before income taxes | $891.0M | $705.0M | $751.0M | $758.0M |
| Income tax expense | $219.0M | $171.0M | $183.0M | $183.0M |
| Net income (loss) | $672.0M | $534.0M | $568.0M | $575.0M |
| Preferred stock dividends | $32.0M | $26.0M | $14.0M | $14.0M |
| Net income available to common stockholders, basic | $640.0M | $508.0M | $554.0M | $561.0M |
| Net income available to common shareholders, diluted | $640.0M | $508.0M | $554.0M | $561.0M |
| Basic (in dollars per share) | $55.52 | $42.63 | $43.08 | $42.36 |
| Diluted (in dollars per share) | $55.52 | $42.63 | $43.08 | $42.36 |
| Basic (in shares) | 11.5M | 11.9M | 12.8M | 13.2M |
| Diluted (in shares) | 11.5M | 11.9M | 12.8M | 13.2M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and due from banks | $801.0M | $814.0M | $908.0M | $518.0M |
| Interest-earning deposits at banks | $19.8B | $21.4B | $33.6B | $5.0B |
| Securities purchased under agreements to resell | $232.0M | $158.0M | $473.0M | — |
| Investment in marketable equity securities (cost of $83 at December 31, 2025 and $79 at December 31, 2024) | $127.0M | $101.0M | $84.0M | $95.0M |
| Investment securities available for sale (cost of $31,952 at December 31, 2025 and $34,512 at December 31, 2024) | $31.8B | $33.8B | $19.9B | $9.0B |
| Investment securities held to maturity (fair value of $8,491 at December 31, 2025 and $8,702 at December 31, 2024) | $9.6B | $10.2B | $10.0B | $10.3B |
| Assets held for sale | $804.0M | $85.0M | $76.0M | $60.0M |
| Loans and leases | $147.9B | $140.2B | $133.3B | $70.8B |
| Allowance for loan and lease losses | ($1.6B) | ($1.7B) | ($1.7B) | ($922.0M) |
| Loans and leases, net of allowance for loan and lease losses | $146.4B | $138.5B | $131.6B | $69.9B |
| Operating lease equipment, net | $9.6B | $9.3B | $8.7B | $8.2B |
| Premises and equipment, net | $2.4B | $2.0B | $1.9B | $1.5B |
| Goodwill | $346.0M | $346.0M | $346.0M | $346.0M |
| Other intangible assets, net | $195.0M | $249.0M | $312.0M | $140.0M |
| Other assets | $7.5B | $6.7B | $5.9B | $4.4B |
| Total assets | $229.7B | $223.7B | $213.8B | $109.3B |
| Noninterest-bearing | $40.7B | $38.6B | $39.8B | $24.9B |
| Interest-bearing | $120.9B | $116.6B | $106.1B | $64.5B |
| Total deposits | $161.6B | $155.2B | $145.9B | $89.4B |
| Credit balances of factoring clients | $1.1B | $1.0B | $1.1B | $995.0M |
| Short-term borrowings | $224.0M | $367.0M | $485.0M | $2.2B |
| Long-term borrowings | $35.8B | $36.7B | $37.2B | $4.5B |
| Total borrowings | $36.0B | $37.1B | $37.7B | $6.6B |
| Other liabilities | $8.7B | $8.2B | $7.9B | $2.6B |
| Total liabilities | $207.5B | $201.5B | $192.5B | $99.6B |
| Preferred stock - $0.01 par value (20,000,000 shares authorized at December 31, 2025 and December 31, 2024) | 1.4B | 881.0M | 881.0M | 881.0M |
| Common stock | $12.0M | $14.0M | $15.0M | $15.0M |
| Additional paid in capital | $0 | $2.4B | $4.1B | $4.1B |
| Retained earnings | $20.8B | $19.4B | $16.7B | $5.4B |
| Accumulated other comprehensive income (loss) | $83.0M | ($445.0M) | ($491.0M) | ($735.0M) |
| Total stockholders’ equity | $22.2B | $22.2B | $21.3B | $9.7B |
| Total liabilities and stockholders’ equity | $229.7B | $223.7B | $213.8B | $109.3B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and due from banks | $1.5B | $1.1B | $874.0M | $889.0M |
| Interest-earning deposits at banks | $21.1B | $23.2B | $24.8B | $26.2B |
| Securities purchased under agreements to resell | $737.0M | $223.0M | $83.0M | $300.0M |
| Investment in marketable equity securities (cost of $95 at June 30, 2026 and $83 at December 31, 2025) | $156.0M | $130.0M | $110.0M | $97.0M |
| Investment securities available for sale (cost of $34,510 at June 30, 2026 and $31,952 at December 31, 2025) | $34.0B | $33.3B | $35.0B | $33.1B |
| Investment securities held to maturity (fair value of $8,214 at June 30, 2026 and $8,491 at December 31, 2025) | $9.4B | $9.5B | $10.1B | $10.2B |
| Assets held for sale | $93.0M | $1.1B | $112.0M | $125.0M |
| Loans and leases | $151.0B | $148.7B | $144.8B | $141.3B |
| Allowance for loan and lease losses | ($1.5B) | ($1.6B) | ($1.7B) | ($1.7B) |
| Loans and leases, net of allowance for loan and lease losses | $149.6B | $147.1B | $143.1B | $139.6B |
| Operating lease equipment, net | $9.8B | $9.7B | $9.4B | $9.5B |
| Premises and equipment, net | $2.5B | $2.5B | $2.3B | $2.1B |
| Goodwill | $346.0M | $346.0M | $346.0M | $346.0M |
| Other intangible assets, net | $171.0M | $182.0M | $208.0M | $221.0M |
| Other assets | $7.5B | $7.5B | $7.1B | $7.1B |
| Total assets | $236.8B | $236.0B | $233.5B | $229.7B |
| Noninterest-bearing | $42.5B | $43.6B | $42.8B | $40.9B |
| Interest-bearing | $131.0B | $127.2B | $120.4B | $119.1B |
| Total deposits | $173.4B | $170.8B | $163.2B | $159.9B |
| Credit balances of factoring clients | $1.3B | $1.3B | $1.3B | $1.1B |
| Short-term borrowings | $152.0M | $170.0M | $423.0M | $471.0M |
| Long-term borrowings | $32.0B | $33.8B | $38.3B | $37.6B |
| Total borrowings | $32.2B | $34.0B | $38.7B | $38.1B |
| Other liabilities | $8.0B | $7.8B | $8.3B | $8.2B |
| Total liabilities | $214.9B | $213.9B | $211.5B | $207.4B |
| Preferred stock - $0.01 par value (20,000,000 shares authorized at June 30, 2026 and December 31, 2025) | 1.8B | 1.8B | 881.0M | 881.0M |
| Common stock | $11.0M | $12.0M | $13.0M | $13.0M |
| Retained earnings | $20.4B | $20.3B | $20.9B | $20.3B |
| Accumulated other comprehensive (loss) income | ($230.0M) | ($72.0M) | ($44.0M) | ($114.0M) |
| Total stockholders’ equity | $21.9B | $22.0B | $22.0B | $22.3B |
| Total liabilities and stockholders’ equity | $236.8B | $236.0B | $233.5B | $229.7B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $2.2B | $2.8B | $11.5B | $1.1B |
| Provision for credit losses | $514.0M | $431.0M | $1.4B | $645.0M |
| Deferred tax (benefit) expense | ($111.0M) | $6.0M | ($165.0M) | $206.0M |
| Depreciation, amortization, and accretion, net | $405.0M | $130.0M | ($57.0M) | $533.0M |
| Stock based compensation expense | $0 | $0 | $5.0M | $19.0M |
| Realized (gain) loss on sale of investment securities, net | ($3.0M) | ($6.0M) | — | — |
| Fair value adjustment on marketable equity securities, net | ($22.0M) | ($13.0M) | $11.0M | $3.0M |
| (Gain) loss on sale of loans, net | ($21.0M) | ($7.0M) | $2.0M | ($22.0M) |
| Gain on sale of operating lease equipment, net | ($30.0M) | ($30.0M) | ($20.0M) | ($15.0M) |
| Gain on other real estate owned, net | ($2.0M) | ($7.0M) | ($4.0M) | ($14.0M) |
| Gain on acquisition | $0 | $0 | ($9.8B) | ($431.0M) |
| Loss on extinguishment of debt | $9.0M | $2.0M | $0 | ($7.0M) |
| Origination of loans held for sale | ($1.4B) | ($1.1B) | ($740.0M) | ($499.0M) |
| Proceeds from sale of loans held for sale | $1.6B | $1.3B | $693.0M | $562.0M |
| Impairment of premises and equipment and other assets | $6.0M | $22.0M | $70.0M | — |
| Net change in other assets | ($282.0M) | ($495.0M) | $206.0M | $484.0M |
| Net change in other liabilities | $170.0M | ($34.0M) | ($379.0M) | $260.0M |
| Other operating activities | ($68.0M) | $1.0M | ($21.0M) | ($36.0M) |
| Net cash provided by operating activities | $2.9B | $3.0B | $2.7B | $2.8B |
| Net decrease in interest-earning deposits at banks | $1.6B | $12.2B | $5.4B | $7.0B |
| Purchases of marketable equity securities | ($5.0M) | ($6.0M) | $0 | $0 |
| Proceeds from sales of investments in marketable equity securities | $1.0M | $15.0M | $0 | $0 |
| Purchases of investment securities available for sale | ($14.0B) | ($22.5B) | ($12.8B) | ($2.0B) |
| Proceeds from maturities of investment securities available for sale | $13.0B | $7.4B | $2.1B | $1.2B |
| Proceeds from sales of investment securities available for sale | $3.8B | $1.5B | $495.0M | $2.0M |
| Purchases of investment securities held to maturity | ($389.0M) | ($792.0M) | ($213.0M) | ($755.0M) |
| Proceeds from maturities of investment securities held to maturity | $1.0B | $562.0M | $545.0M | $835.0M |
| Net (increase) decrease in securities purchased under agreements to resell | ($74.0M) | $315.0M | — | — |
| Net (increase) decrease in loans | ($9.1B) | ($7.5B) | $6.1B | ($5.3B) |
| Proceeds from sales of loans | $399.0M | $354.0M | $317.0M | $245.0M |
| Net decrease (increase) in credit balances of factoring clients | $212.0M | ($73.0M) | $94.0M | — |
| Purchases of operating lease equipment | ($852.0M) | ($1.1B) | ($1.0B) | ($771.0M) |
| Proceeds from sales of operating lease equipment | $285.0M | $250.0M | $243.0M | $95.0M |
| Purchases of premises and equipment | ($710.0M) | ($429.0M) | ($405.0M) | ($155.0M) |
| Proceeds from sales of other real estate owned | $29.0M | $19.0M | $19.0M | $48.0M |
| Cash acquired, net of cash paid as consideration for acquisition | $0 | $0 | $810.0M | — |
| Proceeds from surrender of bank-owned life insurance policies | $0 | $0 | $1.1B | — |
| Other investing activities | ($806.0M) | ($473.0M) | $208.0M | $49.0M |
| Net cash (used in) provided by investing activities | ($5.6B) | ($10.2B) | $2.4B | $75.0M |
| Net (decrease) increase in time deposits | ($2.0B) | ($3.2B) | $5.6B | $568.0M |
| Net increase (decrease) in demand and other interest-bearing deposits | $8.5B | $12.6B | ($5.4B) | ($2.3B) |
| Net (decrease) increase in securities sold under agreements to repurchase | ($143.0M) | ($118.0M) | $39.0M | ($153.0M) |
| Repayment of short-term borrowings | $0 | $0 | ($2.3B) | ($1.4B) |
| Proceeds from issuance of short-term borrowings | $0 | $0 | $500.0M | $3.1B |
| Repayment of long-term borrowings | ($2.9B) | ($450.0M) | ($13.1B) | ($5.1B) |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $1.2B | $534.0M | $1.6B | $1.1B |
| Provision for credit losses | $62.0M | $72.0M | $460.0M | $269.0M |
| Deferred tax expense (benefit) | $79.0M | $8.0M | ($104.0M) | ($74.0M) |
| Depreciation, amortization, and accretion, net | $336.0M | $180.0M | $284.0M | $193.0M |
| Fair value adjustment on marketable equity securities, net | ($18.0M) | ($3.0M) | ($10.0M) | $3.0M |
| Gain on sale of loans, net | ($8.0M) | ($5.0M) | ($12.0M) | ($4.0M) |
| Gain on sale of operating lease equipment, net | ($25.0M) | ($11.0M) | ($16.0M) | ($13.0M) |
| (Gain) loss on other real estate owned, net | ($2.0M) | ($1.0M) | ($1.0M) | $7.0M |
| Loss on extinguishment of debt | $15.0M | $8.0M | $0 | $0 |
| Origination of loans held for sale | ($681.0M) | ($289.0M) | ($1.0B) | ($678.0M) |
| Proceeds from sale of loans held for sale | $911.0M | $461.0M | $1.1B | $771.0M |
| Impairment of premises and equipment and other assets | $1.0M | $0 | $5.0M | $5.0M |
| Net change in other assets | ($183.0M) | ($103.0M) | ($86.0M) | ($241.0M) |
| Net change in other liabilities | ($447.0M) | ($680.0M) | ($345.0M) | ($290.0M) |
| Other operating activities | ($31.0M) | $1.0M | ($54.0M) | ($49.0M) |
| Net cash provided by operating activities | $1.2B | $172.0M | $1.9B | $957.0M |
| Net increase in interest-earning deposits at banks | ($1.3B) | ($3.4B) | ($3.4B) | ($4.8B) |
| Purchases of investment securities available for sale | ($8.7B) | ($2.8B) | ($7.5B) | ($2.9B) |
| Proceeds from maturities of investment securities available for sale | $2.8B | $1.2B | $5.8B | $3.0B |
| Proceeds from sales of investment securities available for sale | $3.4B | $0 | $1.2B | $1.2B |
| Purchases of investment securities held to maturity | ($100.0M) | ($59.0M) | ($389.0M) | ($218.0M) |
| Proceeds from maturities of investment securities held to maturity | $341.0M | $170.0M | $598.0M | $282.0M |
| Net increase in securities purchased under agreements to resell | ($505.0M) | $9.0M | $75.0M | ($142.0M) |
| Net increase in loans | ($4.0B) | ($1.4B) | ($5.0B) | ($1.3B) |
| Proceeds from sales of loans | $1.3B | $128.0M | $220.0M | $146.0M |
| Net increase in credit balances of factoring clients | $181.0M | $92.0M | $392.0M | $127.0M |
| Purchases of operating lease equipment | ($382.0M) | ($194.0M) | ($522.0M) | ($385.0M) |
| Proceeds from sales of operating lease equipment | $146.0M | $55.0M | $195.0M | $124.0M |
| Purchases of premises and equipment | ($243.0M) | ($141.0M) | ($467.0M) | ($229.0M) |
| Proceeds from sales of other real estate owned | $26.0M | $15.0M | $20.0M | $10.0M |
| Other investing activities | ($267.0M) | ($149.0M) | ($463.0M) | ($272.0M) |
| Net cash used in investing activities | ($7.3B) | ($6.5B) | ($9.2B) | ($5.4B) |
| Net increase (decrease) in time deposits | $3.9B | $2.0B | ($2.2B) | ($2.0B) |
| Net increase in demand and other interest-bearing deposits | $8.0B | $7.3B | $10.3B | $6.9B |
| Net (decrease) increase in securities sold under agreements to repurchase | ($72.0M) | ($54.0M) | $56.0M | $104.0M |
| Repayment of long-term borrowings | ($5.0B) | ($2.5B) | ($355.0M) | ($352.0M) |
| Net proceeds from issuance of long-term borrowings | $1.2B | $497.0M | $1.8B | $1.2B |
| Issuance of Series E preferred stock | $390.0M | $390.0M | — | — |
| Repurchase of Class A common stock | ($1.5B) | ($899.0M) | ($2.1B) | ($1.2B) |
| Cash dividends paid | ($106.0M) | ($51.0M) | ($121.0M) | ($82.0M) |
| Other financing activities | $0 | — | $1.0M | $1.0M |
| Net cash provided by financing activities | $6.8B | $6.6B | $7.4B | $4.6B |
| Change in cash and due from banks | $718.0M | $279.0M | $60.0M | $75.0M |
| Cash and due from banks at beginning of period | $801.0M | $801.0M | $814.0M | $814.0M |
| Cash and due from banks at end of period | $1.5B | $1.1B | $874.0M | $889.0M |
FIRST CITIZENS BANCSHARES INC /DE/ score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.