<span item_type="fundamental" item_id="cf2791cac16077d86bdf199235722a57" counter_id="ST/US/FCNCP" env="prod"></span><span item_type="announcement" item_id="619763908309749761" env="prod"></span><p>Revenue: As of FY2025, the actual value is USD 14.51 B.</p><p>EPS: As of FY2025, the actual value is USD 165.24.</p><p>EBIT: As of FY2025, the actual value is USD -3.843 B.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>General Bank Segment</strong>: Deposit fees and service charges increased by $11 million, and wealth management services revenue increased by $18 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li><strong>Commercial Bank Segment</strong>: Lending-related fees increased by $9 million, and international fees increased by $17 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li><strong>Rail Segment</strong>: Rental income on operating lease equipment increased by $48 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li><strong>Corporate Segment</strong>: Other noninterest income increased by $12 million, driven by tax credit investments, a favorable change in fair value of non-marketable equity securities, and mortgage-related income, partially offset by lower derivative income and a write-down of a held-for-sale asset.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li></ul><h3>Operational Metrics</h3><h4>Net Income</h4><ul><li>Net income for the current year was $2.21 billion, a decrease of $571 million or 21% from $2.78 billion in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>Net income available to common stockholders was $2.15 billion for the current year, a decrease of $567 million or 21% from $2.72 billion in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li></ul><h4>Net Interest Income (NII) and Net Interest Margin (NIM)</h4><ul><li>NII for the current year was $6.81 billion, a decrease of $329 million or 5% from $7.14 billion in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>NIM for the current year was 3.25%, a decrease of 29 basis points from 3.54% in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>NII, excluding Purchase Accounting Accretion or Amortization (PAA), was $6.56 billion for the current year, a decrease of $99 million from $6.66 billion in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>NIM, excluding PAA, was 3.13% for the current year, a decrease of 17 basis points from 3.30% in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li></ul><h4>Provision for Credit Losses</h4><ul><li>The total provision for credit losses for the current year was $514 million, an increase of $83 million or 19% from $431 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>The provision for loan and lease losses was $530 million, an increase of $61 million from $469 million in the prior year, primarily due to a $100 million increase in net charge-offs, including an $82 million charge-off on a single supply chain finance client.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>This was partially offset by an Allowance for Loan and Lease Losses (ALLL) reserve release of $110 million in the current year, compared to $71 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>The benefit for off-balance sheet credit exposure was $18 million for the current year, a decrease of $20 million from $38 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li></ul><h4>Noninterest Expense</h4><ul><li>Noninterest expense for the current year was $6.06 billion, an increase of $321 million or 6% from $5.74 billion in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>This increase was primarily due to higher personnel costs (up $216 million), marketing expense (up $66 million), equipment expense (up $51 million), third-party processing fees (up $38 million), and maintenance and other operating lease expenses (up $25 million), partially offset by a $69 million decrease in acquisition-related expenses.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li></ul><h3>Unique Metrics</h3><h4>Loans and Leases</h4><ul><li>Total loans and leases were $147.93 billion at December 31, 2025, an increase of $7.71 billion or 6% from $140.22 billion at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>The Commercial Bank segment experienced loan growth of $7.64 billion, mainly in Global Fund Banking and other industry verticals like technology, media, and telecommunications (TMT) and Healthcare.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>The General Bank segment saw loan growth of $71 million, primarily in Wealth, Small Business Administration (SBA), and Community Association Banking portfolios, offset by a $694 million transfer of residential mortgage loans to held for sale.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li></ul><h4>Deposits</h4><ul><li>Total deposits were $161.58 billion at December 31, 2025, an increase of $6.35 billion or 4% from $155.23 billion at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>Corporate deposit growth was $3.02 billion, mainly from the Direct Bank, which primarily consists of savings accounts.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>General Bank segment deposit growth was $1.84 billion, concentrated in the Branch Network, with money market growth partially offset by lower time deposits.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>Commercial Bank segment deposit growth was $1.51 billion, mostly in Global Fund Banking, with increases in noninterest-bearing demand and money-market deposits, partially offset by a decline in interest-bearing checking.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>Noninterest-bearing deposits grew by $2.02 billion or 5% compared to December 31, 2024, representing 25.2% of total deposits at December 31, 2025, compared to 24.9% at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>Total uninsured deposits were approximately $61.81 billion or 38% of total deposits at December 31, 2025, consistent with $59.51 billion or 38% at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li></ul><h4>Investment Securities</h4><ul><li>Investment securities were $41.56 billion at December 31, 2025, a decrease of $2.53 billion or 6% from $44.09 billion at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>The duration of investment securities was approximately 2.7 years at December 31, 2025, with available-for-sale securities having an average duration of 2.3 years and held-to-maturity securities having an average duration of 4.1 years.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li></ul><h4>Borrowings</h4><ul><li>Total borrowings were $36.01 billion at December 31, 2025, a decrease of $1.04 billion or 3% from $37.05 billion at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>This decrease was primarily due to $2.84 billion in debt redemptions, including a $2.49 billion partial prepayment of the Purchase Money Note, partially offset by $1.85 billion in debt issuances in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li></ul><h4>Capital Ratios (as of December 31, 2025)</h4><ul><li>Total risk-based capital ratio: 13.71%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>Tier 1 risk-based capital ratio: 11.91%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>Common Equity Tier 1 (CET1) ratio: 11.15%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li><li>Tier 1 leverage ratio: 9.29%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></li></ul><h3>Outlook / Guidance</h3><p>First Citizens BancShares, Inc. anticipates the acquisition of 138 branches from BMO Bank N.A., involving approximately $5.7 billion in deposit liabilities and $1.1 billion in loans, to close in the second half of 2026, pending customary closing terms and regulatory approvals.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span> The company plans to monitor the interest rate environment and its collateral position for the Purchase Money Note to assess further voluntary prepayments, noting that interest rates for potential interest-bearing sources of prepayment could be higher than the note’s 3.50% rate.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span> Additionally, First Citizens BancShares, Inc. will continue to monitor developments regarding the revised proposal for the implementation of the Basel III Endgame, with final rules expected to begin implementation in 2027.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/798941/000079894126000015/fcnca-20251231.htm"></span></p>

First Citz Bancshare Pref Share FCNCP 5.375 Perp 03/15/25 | 10-K: FY2025 Revenue: USD 14.51 B