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10-Q Filing

FIRST CITIZENS BANCSHARES INC /DE/ CIK: 798941 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0000798941-23-000030
Period End Date 20230331
Filing Date 20230510
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance fcnca-20230331_htm.xml
Balance Sheet 77 line items
Line Item Tag Value Unit Period
Investment in marketable equity securities at cost EquitySecuritiesFvNiCost $75.00M USD Point-in-time
Investment in marketable equity securities at cost EquitySecuritiesFvNiCost $75.00M USD Point-in-time
Investment securities available for sale at cost DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss $9.97B USD Point-in-time
Cash and due from banks CashAndDueFromBanks $1.60B USD Point-in-time
Investment securities available for sale at cost DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss $9.96B USD Point-in-time
Cash and due from banks CashAndDueFromBanks $518.00M USD Point-in-time
Interest-earning deposits at banks InterestBearingDepositsInBanks $5.03B USD Point-in-time
Investment securities held to maturity at fair value HeldToMaturitySecuritiesFairValue $8.99B USD Point-in-time
Interest-earning deposits at banks InterestBearingDepositsInBanks $38.52B USD Point-in-time
Investment securities held to maturity at fair value HeldToMaturitySecuritiesFairValue $8.79B USD Point-in-time
Investment in marketable equity securities (cost of $75 at March 31, 2023 and $75 at December 31, 2022) EquitySecuritiesFvNiCurrentAndNoncurrent $95.00M USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Investment in marketable equity securities (cost of $75 at March 31, 2023 and $75 at December 31, 2022) EquitySecuritiesFvNiCurrentAndNoncurrent $85.00M USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Investment securities available for sale (cost of $9,955 at March 31, 2023 and $9,967 at December 31, 2022), net of allowance for credit losses DebtSecuritiesAvailableForSaleExcludingAccruedInterest $8.99B USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 10.00M shares Point-in-time
Investment securities available for sale (cost of $9,955 at March 31, 2023 and $9,967 at December 31, 2022), net of allowance for credit losses DebtSecuritiesAvailableForSaleExcludingAccruedInterest $9.06B USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 10.00M shares Point-in-time
Investment securities held to maturity (fair value of $8,993 at March 31, 2023 and $8,795 at December 31, 2022) DebtSecuritiesHeldToMaturityExcludingAccruedInterestBeforeAllowanceForCreditLoss $10.38B USD Point-in-time
Investment securities held to maturity (fair value of $8,993 at March 31, 2023 and $8,795 at December 31, 2022) DebtSecuritiesHeldToMaturityExcludingAccruedInterestBeforeAllowanceForCreditLoss $10.28B USD Point-in-time
Assets held for sale LoansReceivableHeldForSaleAmount $94.00M USD Point-in-time
Assets held for sale LoansReceivableHeldForSaleAmount $60.00M USD Point-in-time
Loans and leases FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss $70.78B USD Point-in-time
Loans and leases FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss $138.29B USD Point-in-time
Loans and leases FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss $65.52B USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $922.00M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $848.00M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $178.00M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $1.60B USD Point-in-time
Loans and leases, net of allowance for credit losses FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $136.68B USD Point-in-time
Loans and leases, net of allowance for credit losses FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $69.86B USD Point-in-time
Operating lease equipment, net PropertySubjectToOrAvailableForOperatingLeaseNet $8.16B USD Point-in-time
Operating lease equipment, net PropertySubjectToOrAvailableForOperatingLeaseNet $8.33B USD Point-in-time
Operating lease equipment, net PropertySubjectToOrAvailableForOperatingLeaseNet $7.97B USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciation $1.74B USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciation $1.46B USD Point-in-time
Goodwill Goodwill $346.00M USD Point-in-time
Goodwill Goodwill $346.00M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $140.00M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $364.00M USD Point-in-time
Other assets OtherAssets $7.45B USD Point-in-time
Other assets OtherAssets $4.37B USD Point-in-time
Total assets Assets $109.30B USD Point-in-time
Total assets Assets $214.66B USD Point-in-time
Noninterest-bearing NoninterestBearingDepositLiabilities $24.92B USD Point-in-time
Noninterest-bearing NoninterestBearingDepositLiabilities $54.65B USD Point-in-time
Interest-bearing InterestBearingDepositLiabilities $85.40B USD Point-in-time
Interest-bearing InterestBearingDepositLiabilities $64.49B USD Point-in-time
Total deposits Deposits $89.41B USD Point-in-time
Total deposits Deposits $91.60B USD Point-in-time
Total deposits Deposits $140.05B USD Point-in-time
Credit balances of factoring clients LiabilitiesCreditBalancesOfFactoringClients $995.00M USD Point-in-time
Credit balances of factoring clients LiabilitiesCreditBalancesOfFactoringClients $1.13B USD Point-in-time
Short-term borrowings ShortTermBorrowings $1.01B USD Point-in-time
Short-term borrowings ShortTermBorrowings $2.19B USD Point-in-time
Long-term borrowings LongTermDebt $4.46B USD Point-in-time
Long-term borrowings LongTermDebt $45.09B USD Point-in-time
Total borrowings DebtLongtermAndShorttermCombinedAmount $46.09B USD Point-in-time
Total borrowings DebtLongtermAndShorttermCombinedAmount $6.64B USD Point-in-time
Other liabilities OtherLiabilities $2.59B USD Point-in-time
Other liabilities OtherLiabilities $8.17B USD Point-in-time
Total liabilities Liabilities $195.44B USD Point-in-time
Total liabilities Liabilities $99.64B USD Point-in-time
Preferred stock - $0.01 par value (10,000,000 shares authorized at March 31, 2023 and December 31, 2022) PreferredStockValue $881.00M USD Point-in-time
Preferred stock - $0.01 par value (10,000,000 shares authorized at March 31, 2023 and December 31, 2022) PreferredStockValue $881.00M USD Point-in-time
Additional paid in capital AdditionalPaidInCapital $4.10B USD Point-in-time
Additional paid in capital AdditionalPaidInCapital $4.11B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $14.88B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $5.39B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-669.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-735.00M USD Point-in-time
Total stockholders equity StockholdersEquity $10.57B USD Point-in-time
Total stockholders equity StockholdersEquity $4.74B USD Point-in-time
Total stockholders equity StockholdersEquity $9.66B USD Point-in-time
Total stockholders equity StockholdersEquity $19.22B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $214.66B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $109.30B USD Point-in-time
Income Statement 84 line items
Line Item Tag Value Unit Period
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $1.02B USD 1 Quarter
Interest and fees on loans InterestAndFeeIncomeLoansAndLeases $621.00M USD 1 Quarter
Interest on investment securities InterestIncomeSecuritiesTaxable $107.00M USD 1 Quarter
Interest on investment securities InterestIncomeSecuritiesTaxable $83.00M USD 1 Quarter
Interest on deposits at banks InterestIncomeDepositsWithFinancialInstitutionsAndDividendIncomeEquitySecuritiesOperating $87.00M USD 1 Quarter
Interest on deposits at banks InterestIncomeDepositsWithFinancialInstitutionsAndDividendIncomeEquitySecuritiesOperating $6.00M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $710.00M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $1.21B USD 1 Quarter
Deposits InterestExpenseDeposits $39.00M USD 1 Quarter
Deposits InterestExpenseDeposits $288.00M USD 1 Quarter
Borrowings InterestExpenseBorrowings $22.00M USD 1 Quarter
Borrowings InterestExpenseBorrowings $73.00M USD 1 Quarter
Total interest expense InterestExpense $61.00M USD 1 Quarter
Total interest expense InterestExpense $361.00M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $850.00M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $649.00M USD 1 Quarter
Provision (benefit) for credit losses FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal $783.00M USD 1 Quarter
Provision (benefit) for credit losses FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal $464.00M USD 1 Quarter
Net interest income after provision for credit losses InterestIncomeExpenseAfterProvisionForLoanLoss $185.00M USD 1 Quarter
Net interest income after provision for credit losses InterestIncomeExpenseAfterProvisionForLoanLoss $67.00M USD 1 Quarter
Rental income on operating lease equipment OperatingLeaseLeaseIncome $208.00M USD 1 Quarter
Rental income on operating lease equipment OperatingLeaseLeaseIncome $233.00M USD 1 Quarter
Realized loss on sale of investment securities available for sale, net DebtSecuritiesAvailableForSaleRealizedGainLoss $-14.00M USD 1 Quarter
Realized loss on sale of investment securities available for sale, net DebtSecuritiesAvailableForSaleRealizedGainLoss - USD 1 Quarter
Fair value adjustment on marketable equity securities, net EquitySecuritiesFvNiGainLoss $3.00M USD 1 Quarter
Fair value adjustment on marketable equity securities, net EquitySecuritiesFvNiGainLoss $-9.00M USD 1 Quarter
Bank-owned life insurance BankOwnedLifeInsuranceIncome $5.00M USD 1 Quarter
Bank-owned life insurance BankOwnedLifeInsuranceIncome $8.00M USD 1 Quarter
Gain on sale of leasing equipment, net GainLossOnSaleOfLeasedAssetsNetOperatingLeases $4.00M USD 1 Quarter
Gain on sale of leasing equipment, net GainLossOnSaleOfLeasedAssetsNetOperatingLeases $6.00M USD 1 Quarter
Gain on acquisition BusinessCombinationBargainPurchaseGainRecognizedAmount $431.00M USD 1 Quarter
Gain on acquisition BusinessCombinationBargainPurchaseGainRecognizedAmount $9.82B USD 1 Quarter
Gain on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Gain on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $6.00M USD 1 Quarter
Other noninterest income NoninterestIncomeOther $16.00M USD 1 Quarter
Other noninterest income NoninterestIncomeOther $37.00M USD 1 Quarter
Total noninterest income NoninterestIncome $850.00M USD 1 Quarter
Total noninterest income NoninterestIncome $10.26B USD 1 Quarter
Depreciation on operating lease equipment OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease $81.00M USD 1 Quarter
Depreciation on operating lease equipment OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease $89.00M USD 1 Quarter
Maintenance and other operating lease expenses DirectCostsOfLeasedAndRentedPropertyOrEquipment $43.00M USD 1 Quarter
Maintenance and other operating lease expenses DirectCostsOfLeasedAndRentedPropertyOrEquipment $56.00M USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $420.00M USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $356.00M USD 1 Quarter
Net occupancy expense OccupancyNet $50.00M USD 1 Quarter
Net occupancy expense OccupancyNet $48.00M USD 1 Quarter
Equipment expense EquipmentExpense $52.00M USD 1 Quarter
Equipment expense EquipmentExpense $58.00M USD 1 Quarter
Professional fees ProfessionalFees $12.00M USD 1 Quarter
Professional fees ProfessionalFees $12.00M USD 1 Quarter
Third-party processing fees ThirdPartyProcessingFees $24.00M USD 1 Quarter
Third-party processing fees ThirdPartyProcessingFees $29.00M USD 1 Quarter
FDIC insurance expense FederalDepositInsuranceCorporationPremiumExpense $18.00M USD 1 Quarter
FDIC insurance expense FederalDepositInsuranceCorporationPremiumExpense $12.00M USD 1 Quarter
Marketing expense MarketingExpense $8.00M USD 1 Quarter
Marketing expense MarketingExpense $15.00M USD 1 Quarter
Acquisition-related expenses BusinessCombinationAcquisitionRelatedCosts $28.00M USD 1 Quarter
Acquisition-related expenses BusinessCombinationAcquisitionRelatedCosts $135.00M USD 1 Quarter
Intangible asset amortization AmortizationOfIntangibleAssets $5.00M USD 1 Quarter
Intangible asset amortization AmortizationOfIntangibleAssets $6.00M USD 1 Quarter
Other noninterest expense OtherNoninterestExpense $33.00M USD 1 Quarter
Other noninterest expense OtherNoninterestExpense $75.00M USD 1 Quarter
Total noninterest expense NoninterestExpense $810.00M USD 1 Quarter
Total noninterest expense NoninterestExpense $855.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $225.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $9.47B USD 1 Quarter
Income tax (benefit) expense IncomeTaxExpenseBenefit $-47.00M USD 1 Quarter
Income tax (benefit) expense IncomeTaxExpenseBenefit $-46.00M USD 1 Quarter
Net income NetIncomeLoss $9.52B USD 1 Quarter
Net income NetIncomeLoss $271.00M USD 1 Quarter
Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $7.00M USD 1 Quarter
Preferred stock dividends PreferredStockDividendsIncomeStatementImpact $14.00M USD 1 Quarter
Net income available to common stockholders, basic NetIncomeLossAvailableToCommonStockholdersBasic $264.00M USD 1 Quarter
Net income available to common stockholders, basic NetIncomeLossAvailableToCommonStockholdersBasic $9.50B USD 1 Quarter
Net income available to common shareholders, diluted NetIncomeLossAvailableToCommonStockholdersDiluted $264.00M USD 1 Quarter
Net income available to common shareholders, diluted NetIncomeLossAvailableToCommonStockholdersDiluted $9.50B USD 1 Quarter
Earnings per common share, basic (in dollars per share) EarningsPerShareBasic $654.22 USD 1 Quarter
Earnings per common share, basic (in dollars per share) EarningsPerShareBasic $16.70 USD 1 Quarter
Earnings per common share, diluted (in dollars per share) EarningsPerShareDiluted $653.64 USD 1 Quarter
Earnings per common share, diluted (in dollars per share) EarningsPerShareDiluted $16.70 USD 1 Quarter
Weighted average common shares outstanding, basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 15.78M shares 1 Quarter
Weighted average common shares outstanding, basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 14.53M shares 1 Quarter
Weighted average common shares outstanding, diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 15.78M shares 1 Quarter
Weighted average common shares outstanding, diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 14.54M shares 1 Quarter
Cash Flow Statement 122 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $9.52B USD 1 Quarter
Net income NetIncomeLoss $271.00M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $464.00M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $783.00M USD 1 Quarter
Deferred tax benefit DeferredIncomeTaxExpenseBenefit $-69.00M USD 1 Quarter
Deferred tax benefit DeferredIncomeTaxExpenseBenefit $-61.00M USD 1 Quarter
Depreciation, amortization, and accretion, net DepreciationAmortizationAndAccretionNet $124.00M USD 1 Quarter
Depreciation, amortization, and accretion, net DepreciationAmortizationAndAccretionNet $114.00M USD 1 Quarter
Stock based compensation expense ShareBasedCompensation $1.00M USD 1 Quarter
Stock based compensation expense ShareBasedCompensation $12.00M USD 1 Quarter
Realized loss on sale of investment securities available for sale, net DebtSecuritiesAvailableForSaleRealizedGainLoss $-14.00M USD 1 Quarter
Realized loss on sale of investment securities available for sale, net DebtSecuritiesAvailableForSaleRealizedGainLoss - USD 1 Quarter
Fair value adjustment on marketable equity securities, net EquitySecuritiesFvNiGainLoss $3.00M USD 1 Quarter
Fair value adjustment on marketable equity securities, net EquitySecuritiesFvNiGainLoss $-9.00M USD 1 Quarter
Gain on sale of loans, net GainLossOnSalesOfLoansNet $3.00M USD 1 Quarter
Gain on sale of loans, net GainLossOnSalesOfLoansNet $1.00M USD 1 Quarter
Gain on sale of operating lease equipment, net GainOnSalesOfOperatingLeaseEquipmentNet $6.00M USD 1 Quarter
Gain on sale of operating lease equipment, net GainOnSalesOfOperatingLeaseEquipmentNet $4.00M USD 1 Quarter
Loss on sale of premises and equipment, net GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Loss on sale of premises and equipment, net GainLossOnSaleOfPropertyPlantEquipment $-1.00M USD 1 Quarter
Gain on other real estate owned, net GainsLossesOnSalesOfOtherRealEstate - USD 1 Quarter
Gain on other real estate owned, net GainsLossesOnSalesOfOtherRealEstate $2.00M USD 1 Quarter
Gain on acquisition BusinessCombinationBargainPurchaseGainRecognizedAmount $431.00M USD 1 Quarter
Gain on acquisition BusinessCombinationBargainPurchaseGainRecognizedAmount $9.82B USD 1 Quarter
Gain on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Gain on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $6.00M USD 1 Quarter
Origination of loans held for sale IncreaseDecreaseInAssetsHeldForSale $235.00M USD 1 Quarter
Origination of loans held for sale IncreaseDecreaseInAssetsHeldForSale $82.00M USD 1 Quarter
Proceeds from sale of loans held for sale ProceedsFromSaleOfLoansHeldForSale $67.00M USD 1 Quarter
Proceeds from sale of loans held for sale ProceedsFromSaleOfLoansHeldForSale $248.00M USD 1 Quarter
Net change in other assets IncreaseDecreaseInOtherOperatingAssets $-343.00M USD 1 Quarter
Net change in other assets IncreaseDecreaseInOtherOperatingAssets $486.00M USD 1 Quarter
Net change in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-118.00M USD 1 Quarter
Net change in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-347.00M USD 1 Quarter
Other operating activities OtherOperatingActivitiesCashFlowStatement $-65.00M USD 1 Quarter
Other operating activities OtherOperatingActivitiesCashFlowStatement $-11.00M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $577.00M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $-362.00M USD 1 Quarter
Net (increase) decrease in interest-earning deposits at banks ProceedsFromPaymentsForInInterestBearingDepositsInBanks $-88.00M USD 1 Quarter
Net (increase) decrease in interest-earning deposits at banks ProceedsFromPaymentsForInInterestBearingDepositsInBanks $2.71B USD 1 Quarter
Purchases of investment securities available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $810.00M USD 1 Quarter
Purchases of investment securities available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $125.00M USD 1 Quarter
Proceeds from maturities of investment securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $227.00M USD 1 Quarter
Proceeds from maturities of investment securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $330.00M USD 1 Quarter
Proceeds from sales of investment securities available for sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $1.00M USD 1 Quarter
Proceeds from sales of investment securities available for sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt - USD 1 Quarter
Purchases of investment securities held to maturity PaymentsToAcquireHeldToMaturitySecurities $212.00M USD 1 Quarter
Purchases of investment securities held to maturity PaymentsToAcquireHeldToMaturitySecurities - USD 1 Quarter
Proceeds from maturities of investment securities held to maturity ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $283.00M USD 1 Quarter
Proceeds from maturities of investment securities held to maturity ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $117.00M USD 1 Quarter
Net decrease in loans PaymentsForProceedsFromLoansAndLeases $-107.00M USD 1 Quarter
Net decrease in loans PaymentsForProceedsFromLoansAndLeases $-1.06B USD 1 Quarter
Proceeds from sales of loans ProceedsFromSaleOfLoansReceivable $53.00M USD 1 Quarter
Proceeds from sales of loans ProceedsFromSaleOfLoansReceivable $113.00M USD 1 Quarter
Net increase (decrease) in credit balances of factoring clients IncreaseDecreaseInLiabilitiesCreditBalancesOfFactoringClients $-383.00M USD 1 Quarter
Net increase (decrease) in credit balances of factoring clients IncreaseDecreaseInLiabilitiesCreditBalancesOfFactoringClients $131.00M USD 1 Quarter
Purchases of operating lease equipment PaymentsToAcquireEquipmentOnLease $226.00M USD 1 Quarter
Purchases of operating lease equipment PaymentsToAcquireEquipmentOnLease $288.00M USD 1 Quarter
Proceeds from sales of operating lease equipment ProceedsFromSalesOfOperatingLeaseEquipment $33.00M USD 1 Quarter
Proceeds from sales of operating lease equipment ProceedsFromSalesOfOperatingLeaseEquipment $19.00M USD 1 Quarter
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $44.00M USD 1 Quarter
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $15.00M USD 1 Quarter
Proceeds from sales of other real estate owned ProceedsFromSaleOfOtherRealEstateOwned $3.00M USD 1 Quarter
Proceeds from sales of other real estate owned ProceedsFromSaleOfOtherRealEstateOwned $11.00M USD 1 Quarter
Acquisition, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $-134.00M USD 1 Quarter
Acquisition, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $-1.35B USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $13.00M USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $-353.00M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $2.63B USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $2.19B USD 1 Quarter
Net increase (decrease) in time deposits IncreaseDecreaseInTimeDeposits $2.12B USD 1 Quarter
Net increase (decrease) in time deposits IncreaseDecreaseInTimeDeposits $-823.00M USD 1 Quarter
Net (decrease) increase in demand and other interest-bearing deposits IncreaseDecreaseInDemandDepositsAndOtherInterestBearingDeposits $1.27B USD 1 Quarter
Net (decrease) increase in demand and other interest-bearing deposits IncreaseDecreaseInDemandDepositsAndOtherInterestBearingDeposits $-7.57B USD 1 Quarter
Net change in securities sold under customer repurchase agreements ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase $27.00M USD 1 Quarter
Net change in securities sold under customer repurchase agreements ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase $63.00M USD 1 Quarter
Repayment of short-term borrowings RepaymentsOfShortTermDebt - USD 1 Quarter
Repayment of short-term borrowings RepaymentsOfShortTermDebt $1.75B USD 1 Quarter
Proceeds from issuance of short-term borrowings ProceedsFromShortTermDebt $500.00M USD 1 Quarter
Proceeds from issuance of short-term borrowings ProceedsFromShortTermDebt - USD 1 Quarter
Repayment of long-term borrowings RepaymentsOfLongTermDebt $3.03B USD 1 Quarter
Repayment of long-term borrowings RepaymentsOfLongTermDebt $1.02B USD 1 Quarter
Proceeds from issuance of long-term borrowings ProceedsFromIssuanceOfLongTermDebt $6.50B USD 1 Quarter
Proceeds from issuance of long-term borrowings ProceedsFromIssuanceOfLongTermDebt $1.00M USD 1 Quarter
Cash dividends paid PaymentsOfDividends $14.00M USD 1 Quarter
Cash dividends paid PaymentsOfDividends $26.00M USD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $-22.00M USD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $-6.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-2.59B USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-1.19B USD 1 Quarter
Change in cash and due from banks CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $1.08B USD 1 Quarter
Change in cash and due from banks CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $185.00M USD 1 Quarter
Cash and due from banks at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $338.00M USD Point-in-time
Cash and due from banks at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $518.00M USD Point-in-time
Cash and due from banks at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.60B USD Point-in-time
Cash and due from banks at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $523.00M USD Point-in-time
Cash and due from banks at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $338.00M USD Point-in-time
Cash and due from banks at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $518.00M USD Point-in-time
Cash and due from banks at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.60B USD Point-in-time
Cash and due from banks at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $523.00M USD Point-in-time
Interest InterestPaid $146.00M USD 1 Quarter
Interest InterestPaid $366.00M USD 1 Quarter
Income taxes IncomeTaxesPaidNet - USD 1 Quarter
Income taxes IncomeTaxesPaidNet $-1.00M USD 1 Quarter
Transfers of loans to other real estate TransferToOtherRealEstate $1.00M USD 1 Quarter
Transfers of loans to other real estate TransferToOtherRealEstate - USD 1 Quarter
Transfers of premises and equipment to other real estate PropertyPlantAndEquipmentOwnedTransferToRealEstateOwned $4.00M USD 1 Quarter
Transfers of premises and equipment to other real estate PropertyPlantAndEquipmentOwnedTransferToRealEstateOwned $1.00M USD 1 Quarter
Dividends declared but not paid DividendsDeclaredButNotPaid - USD 1 Quarter
Dividends declared but not paid DividendsDeclaredButNotPaid $1.00M USD 1 Quarter
Transfer of assets from held for investment to held for sale TransferOfAssetsFromHeldForInvestmentToHeldForSale $115.00M USD 1 Quarter
Transfer of assets from held for investment to held for sale TransferOfAssetsFromHeldForInvestmentToHeldForSale $25.00M USD 1 Quarter
Transfer of assets from held for sale to held for investment TransferOfAssetsFromHeldForSaleToHeldForInvestment $1.00M USD 1 Quarter
Transfer of assets from held for sale to held for investment TransferOfAssetsFromHeldForSaleToHeldForInvestment $12.00M USD 1 Quarter
Loans held for sale exchanged for investment securities LoansHeldForSaleExchangedForInvestmentSecurities - USD 1 Quarter
Loans held for sale exchanged for investment securities LoansHeldForSaleExchangedForInvestmentSecurities $38.00M USD 1 Quarter
Commitments extended during the period on affordable housing investment credits CommitmentsExtendedOnAffordableHousingInvestmentCredits - USD 1 Quarter
Commitments extended during the period on affordable housing investment credits CommitmentsExtendedOnAffordableHousingInvestmentCredits $3.00M USD 1 Quarter
Purchase Money Note as consideration for SVBB Acquisition NoncashOrPartNoncashAcquisitionDebtAssumed1 $35.15B USD 1 Quarter
Purchase Money Note as consideration for SVBB Acquisition NoncashOrPartNoncashAcquisitionDebtAssumed1 - USD 1 Quarter
Value Appreciation Instrument as consideration for SVBB Acquisition NoncashOrPartNoncashAcquisitionIssuanceOfValueAppreciationInstrumentAsConsiderationForAcquisition - USD 1 Quarter
Value Appreciation Instrument as consideration for SVBB Acquisition NoncashOrPartNoncashAcquisitionIssuanceOfValueAppreciationInstrumentAsConsiderationForAcquisition $500.00M USD 1 Quarter
Stockholders Equity 17 line items
Line Item Tag Value Unit Period
Common share cash dividends declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.47 USD 1 Quarter
Common share cash dividends declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.75 USD 1 Quarter
Beginning balance, shareholders' equity StockholdersEquity $10.57B USD Point-in-time
Beginning balance, shareholders' equity StockholdersEquity $4.74B USD Point-in-time
Beginning balance, shareholders' equity StockholdersEquity $9.66B USD Point-in-time
Beginning balance, shareholders' equity StockholdersEquity $19.22B USD Point-in-time
Net income NetIncomeLoss $9.52B USD 1 Quarter
Net income NetIncomeLoss $271.00M USD 1 Quarter
Other comprehensive (loss) income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $66.00M USD 1 Quarter
Other comprehensive (loss) income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-315.00M USD 1 Quarter
Stock based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $-5.00M USD 1 Quarter
Stock based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $71.00M USD 1 Quarter
Issued in CIT Merger: StockIssuedDuringPeriodValueAcquisitions $5.28B USD 1 Quarter
Ending balance, shareholders' equity StockholdersEquity $10.57B USD Point-in-time
Ending balance, shareholders' equity StockholdersEquity $4.74B USD Point-in-time
Ending balance, shareholders' equity StockholdersEquity $9.66B USD Point-in-time
Ending balance, shareholders' equity StockholdersEquity $19.22B USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $9.52B USD 1 Quarter
Net income NetIncomeLoss $271.00M USD 1 Quarter
Net unrealized gain (loss) on securities available for sale OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-318.00M USD 1 Quarter
Net unrealized gain (loss) on securities available for sale OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $58.00M USD 1 Quarter
Net change in unrealized loss on securities available for sale transferred to securities held to maturity OtherComprehensiveIncomeLossUnrealizedGainLossesOnSecuritiesAvailableForSaleTransferredToHeldToMaturityArisingDuringPeriodNetOfTax $1.00M USD 1 Quarter
Net change in unrealized loss on securities available for sale transferred to securities held to maturity OtherComprehensiveIncomeLossUnrealizedGainLossesOnSecuritiesAvailableForSaleTransferredToHeldToMaturityArisingDuringPeriodNetOfTax - USD 1 Quarter
Net change in defined benefit pension items OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-2.00M USD 1 Quarter
Net change in defined benefit pension items OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-8.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $66.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-315.00M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTax $9.58B USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTax $-44.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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