Financial Performance - Net income available to common stockholders for Q4 2025 was $566 million, compared to $554 million in Q3 2025 and $685 million in Q4 2024[2] - Net income for the fourth quarter of 2025 was $648 million, an increase of 10.4% from $587 million in the previous quarter[9] - Net income (GAAP) for Q4 2025 was $580 million, a slight increase from $568 million in Q3 2025 but a decrease from $700 million in Q4 2024[18] - Adjusted net income (non-GAAP) for Q4 2025 was $648 million, compared to $587 million in Q3 2025 and $643 million in Q4 2024[18] - Annualized adjusted net income available to common stockholders for Q4 2025 was $2,515 million, an increase from $2,275 million in Q3 2025[19] Income and Expenses - Net interest income for Q4 2025 was $1,722 million, a slight decrease from $1,734 million in Q3 2025 and $1,709 million in Q4 2024[1] - Total noninterest income increased to $715 million in Q4 2025, up from $699 million in both Q3 2025 and Q4 2024[2] - Total noninterest expense rose to $1,572 million in Q4 2025, compared to $1,491 million in Q3 2025 and $1,517 million in Q4 2024[2] - Noninterest income for the fourth quarter of 2025 was $529 million, an increase of 2.1% from $518 million in the previous quarter[9] - Noninterest expense (GAAP) for Q4 2025 increased to $1,572 million from $1,491 million in Q3 2025 and $1,517 million in Q4 2024[18] Credit Losses and Provisions - Provision for credit losses decreased significantly to $54 million in Q4 2025 from $191 million in Q3 2025 and $155 million in Q4 2024[1] - The provision for loan and lease losses for the quarter was $59 million, significantly lower than $214 million in the previous quarter and $158 million a year ago[14] - Loan PAA (provision for credit losses) decreased to $59 million from $71 million, showing a reduction of 16.9%[21] Assets and Liabilities - Total loans and leases increased to $147,930 million at the end of Q4 2025, compared to $144,758 million at the end of Q3 2025 and $140,221 million at the end of Q4 2024[1] - Total deposits decreased to $161,578 million in Q4 2025 from $163,190 million in Q3 2025 but increased from $155,229 million in Q4 2024[1] - Total assets as of December 31, 2025, were $229,698 million, a decrease of 1.7% from $233,488 million on September 30, 2025[3] - Total assets (GAAP) as of December 31, 2025, were $229,698 million, down from $233,488 million as of September 30, 2025[20] - Total deposits as of December 31, 2025, were $161,578 million, a slight decrease from $163,190 million on September 30, 2025[3] Efficiency and Ratios - The efficiency ratio for Q4 2025 was 64.53%, compared to 61.27% in Q3 2025 and 63.01% in Q4 2024[1] - The adjusted efficiency ratio (non-GAAP) improved to 60.79% from 56.78% in the previous quarter, indicating better cost management[21] - Return on average assets (ROA) for Q4 2025 was 0.99%, slightly up from 0.98% in Q3 2025 but down from 1.25% in Q4 2024[1] - Adjusted ROA (non-GAAP) for Q4 2025 was 1.10%, compared to 1.01% in Q3 2025 and 1.14% in Q4 2024[19] Stockholders' Equity - Stockholders' equity increased to $22,238 million as of December 31, 2025, compared to $21,986 million on September 30, 2025[3] - Stockholders' equity at the end of December 31, 2025, was $22,197 million, slightly down from $22,291 million at September 30, 2025, and $22,598 million a year ago[15] Interest and Yield - Total interest-earning assets for the three months ended December 31, 2025, were $213,294 million, generating net interest income of $1,722 million, with a net interest margin of 3.20%[15] - Average interest-earning assets increased to $213,294 million from $211,042 million, representing a growth of 1.1%[21] - Interest income on loans was $2,290 million, slightly down from $2,300 million in the prior quarter, reflecting a decrease of 0.4%[21] - The net interest spread for the twelve months ended December 31, 2025, was 2.46%, compared to 2.62% for the previous year[16]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ FORM 10-Q ____________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2025 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-16715 First Citizens BancShares, Inc. (Exact name of Registran ...

Summary Financial Data & Key Metrics This section provides a comprehensive overview of the company's summary financial data and key performance metrics [Results of Operations](index=1&type=section&id=Results%20of%20Operations) Net interest income and net income declined, due to higher credit loss provisions and rising noninterest expenses | Metric | Three Months Ended Sep 30, 2025 ($ millions) | Three Months Ended Sep 30, 2024 ($ millions) | Nine Months Ended Sep 30, 2025 ($ millions) | Nine Months Ended Sep 30, 2024 ($ millions) | | :----------------------------------- | :----------------------------------- | :----------------------------------- | :----------------------------------- | :----------------------------------- | | Net interest income | $1,734 | $1,796 | $5,092 | $5,434 | | Provision for credit losses | $191 | $117 | $460 | $276 | | Net income | $568 | $639 | $1,626 | $2,077 | | Net income available to common stockholders | $554 | $624 | $1,583 | $2,031 | | Noninterest income | $699 | $650 | $2,012 | $1,916 | | Noninterest expense | $1,491 | $1,456 | $4,484 | $4,218 | - Net interest income decreased by **$62 million (3.45%)** for the three months ended September 30, 2025, and by **$342 million (6.29%)** for the nine months ended September 30, 2025, compared to the prior year periods[1](index=1&type=chunk) - Provision for credit losses increased significantly by **$74 million (63.25%)** for the three months and **$184 million (66.67%)** for the nine months ended September 30, 2025, year-over-year[1](index=1&type=chunk) [Per Share Information](index=1&type=section&id=Per%20Share%20Information) Diluted and adjusted EPS declined year-over-year; book and tangible book value per share increased | Metric | Three Months Ended Sep 30, 2025 ($) | Three Months Ended Sep 30, 2024 ($) | Nine Months Ended Sep 30, 2025 ($) | Nine Months Ended Sep 30, 2024 ($) | | :----------------------------------- | :----------------------------------- | :----------------------------------- | :----------------------------------- | :----------------------------------- | | Diluted earnings per common share (EPS) | $43.08 | $43.42 | $119.70 | $140.26 | | Adjusted diluted EPS | $44.62 | $45.87 | $127.03 | $149.71 | | Book value per common share at period end | $1,672.54 | $1,547.81 | N/A | N/A | | Tangible book value per common share (TBV) at period end | $1,628.64 | $1,504.75 | N/A | N/A | - Diluted EPS decreased by **$0.34 (0.78%)** for the quarter and **$20.56 (14.66%)** for the nine months ended September 30, 2025, compared to the same periods in the prior year[1](index=1&type=chunk) - Book value per common share increased by **$124.73 (8.06%)** year-over-year to **$1,672.54** at September 30, 2025[1](index=1&type=chunk) [Key Performance Metrics](index=1&type=section&id=Key%20Performance%20Metrics) Key profitability ratios (ROA, ROE) and Net Interest Margin declined, with efficiency ratio worsening year-over-year | Metric | Three Months Ended Sep 30, 2025 | Three Months Ended Sep 30, 2024 | Nine Months Ended Sep 30, 2025 | Nine Months Ended Sep 30, 2024 | | :----------------------------------- | :------------------------------ | :------------------------------ | :----------------------------- | :----------------------------- | | Return on average assets (ROA) | 0.98 % | 1.15 % | 0.95 % | 1.27 % | | Adjusted ROA | 1.01 % | 1.22 % | 1.01 % | 1.35 % | | Return on average common equity (ROE) | 10.26 % | 11.30 % | 9.82 % | 12.73 % | | Efficiency ratio | 61.27 % | 59.49 % | 63.12 % | 57.38 % | | Net interest margin (NIM) | 3.26 % | 3.53 % | 3.26 % | 3.62 % | - ROA decreased from **1.15% to 0.98%** year-over-year for the quarter, and from **1.27% to 0.95%** for the nine-month period[1](index=1&type=chunk) - The efficiency ratio worsened to **61.27%** in Q3 2025 from **59.49%** in Q3 2024, and to **63.12%** for the nine months from **57.38%** in the prior year, indicating higher costs relative to revenue[1](index=1&type=chunk) [Select Balance Sheet Items at Period End](index=1&type=section&id=Select%20Balance%20Sheet%20Items%20at%20Period%20End) Total loans and leases, investment securities, and deposits all increased year-over-year, while the loan to deposit ratio slightly decreased | Metric | Sep 30, 2025 ($ millions) | Jun 30, 2025 ($ millions) | Sep 30, 2024 ($ millions) | | :----------------------------------- | :------------------------ | :------------------------ | :------------------------ | | Total investment securities | $45,124 | $43,346 | $38,663 | | Total loans and leases | $144,758 | $141,269 | $138,695 | | Total deposits | $163,190 | $159,935 | $151,574 | | Total borrowings | $38,675 | $38,112 | $37,161 | | Loan to deposit ratio | 88.71 % | 88.33 % | 91.50 % | | Noninterest-bearing deposits to total deposits | 26.20 % | 25.56 % | 25.99 % | - Total loans and leases grew by **$6.063 billion (4.37%)** year-over-year to **$144.758 billion**[1](index=1&type=chunk) - Total deposits increased by **$11.616 billion (7.66%)** year-over-year to **$163.190 billion**[1](index=1&type=chunk) [Capital Ratios at Period End](index=1&type=section&id=Capital%20Ratios%20at%20Period%20End) Capital ratios, including Total risk-based capital, Tier 1 risk-based capital, and Common equity Tier 1, decreased year-over-year | Metric | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 | | :----------------------------------- | :----------- | :----------- | :----------- | | Total risk-based capital ratio | 14.05 % | 14.25 % | 15.36 % | | Tier 1 risk-based capital ratio | 12.15 % | 12.63 % | 13.78 % | | Common equity Tier 1 ratio | 11.65 % | 12.12 % | 13.24 % | | Tier 1 leverage capital ratio | 9.34 % | 9.62 % | 10.17 % | - Common equity Tier 1 ratio decreased from **13.24%** in Q3 2024 to **11.65%** in Q3 2025[1](index=1&type=chunk) - Capital ratios for the current quarter-end are preliminary[1](index=1&type=chunk) [Asset Quality at Period End](index=1&type=section&id=Asset%20Quality%20at%20Period%20End) Asset quality metrics show a slight deterioration, with nonaccrual loans increasing and the net charge-off ratio rising significantly year-over-year | Metric | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 | | :----------------------------------- | :----------- | :----------- | :----------- | | Nonaccrual loans to total loans and leases | 0.97 % | 0.93 % | 0.90 % | | Allowance for loan and lease losses (ALLL) to loans and leases | 1.14 % | 1.18 % | 1.21 % | | Net charge-off ratio for the period | 0.65 % | 0.33 % | 0.42 % | - Nonaccrual loans to total loans and leases increased from **0.90%** in Q3 2024 to **0.97%** in Q3 2025[1](index=1&type=chunk) - The net charge-off ratio for the quarter more than doubled from **0.33%** in Q2 2025 to **0.65%** in Q3 2025, and increased from **0.42%** in Q3 2024[1](index=1&type=chunk) Income Statement (unaudited) This section presents the unaudited income statement, detailing interest income and expense, noninterest income, noninterest expense, and net income [Interest Income and Expense](index=2&type=section&id=Interest%20Income%20and%20Expense

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ FORM 10-Q ____________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2025 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (Registrant's telephone number, including area code) __________________________________________ ...

| Dollars in millions, except per share data | | | | Three Months Ended | | | | | Six Months Ended | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Summary Financial Data & Key Metrics | | June 30, 2025 | | March 31, 2025 | | June 30, 2024 | | June 30, 2025 | | June 30, 2024 | | Results of Operations: | | | | | | | | | | | | Net interest income | $ | 1,695 | $ | 1,663 | $ | 1,821 | $ | 3,358 | $ | 3,638 | | Provision for credit losses | | 115 | | 154 | | 95 | | 269 | | 159 | | Net i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ FORM 10-Q ____________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-16715 First Citizens BancShares, Inc. (Exact name of Registrant as ...

| Dollars in millions, except per share data | | | | Three Months Ended | | | | --- | --- | --- | --- | --- | --- | --- | | Summary Financial Data & Key Metrics | | March 31, 2025 | | December 31, 2024 | | March 31, 2024 | | Results of Operations: | | | | | | | | Net interest income | $ | 1,663 | $ | 1,709 | $ | 1,817 | | Provision for credit losses | | 154 | | 155 | | 64 | | Net interest income after provision for credit losses | | 1,509 | | 1,554 | | 1,753 | | Noninterest income | | 635 | | 699 | | 627 | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-16715 First Citizens BancShares, Inc. (Exact name of Registrant as specified in its charter) Washington, D.C. 20549 ____________________________________________________ FORM 10-K ____________________________________________________ ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended ...

Dollars in millions, except per share data Capital ratios as of the current quarter-end are preliminary pending completion of quarterly regulatory filings. (3) 1 Dollars in millions, except share and per share data | Three Months Ended | Year Ended December 31, | December 31, | September 30, | December 31, | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Income Statement (unaudited) | 2024 | 2024 | 2023 | 2024 | 2023 | Interest incom ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ FORM 10-Q ____________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-16715 First Citizens BancShares, Inc. (Exact name of Registran ...