Income StatementBalance SheetCash FlowSegments
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First Citizens BancShares Income Statement

Revenue, expenses, and profitability over time

First Citizens BancShares generated $9.6B in trailing twelve-month revenue, down 0.0% year-over-year. Net income was $2.3B with a 23.62% net margin. Diluted EPS is $173.61, which declined 0.0% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$9.6BNet Income (TTM)$2.3BEps Diluted (TTM)$173.61
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$22.5B
P/E Ratio9.97
ROE10.18%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared—$2.0$2.0$2.0—$2.1
Change in Fair Value of Cash Flow Hedges—$7.0M-$1.0M-$1.0M—-$14.0M
OCI Available-for-Sale Securities Adjustment—$239.0M$89.0M$72.0M—-$139.0M
Capital Expenditures$128.0M$103.0M$126.0M$238.0M$243.0M$141.0M
Change in Other Liabilities—-$610.0M$320.0M-$55.0M$515.0M-$680.0M
Common Stock Dividends Per Share—$2.0$2.0$2.0—$2.1
OCI - Available-for-Sale Securities Adjustment—$239.0M$89.0M$72.0M—-$139.0M
Other Comprehensive Income (Loss), Net of Tax—$246.0M$85.0M$70.0M—-$155.0M
Dividends per share declared—$2.0$2.0$2.0—$2.1
Reclassifications Net of Tax$685.0M$468.0M$561.0M$554.0M$566.0M$508.0M
Unrealized Gain (Loss) on Hedging Activities—$7.0M-$1.0M-$1.0M—-$14.0M
Increase (Decrease) in Time Deposits—-$1.3B-$753.0M-$168.0M—$2.0B
Finance Lease Interest Paid—$0.0$1.0M$1.0M—$1.0M
Finance Lease Principal Paid—$1.0M$1.0M$3.0M—$2.0M
Net Change in Cash and Restricted Cash—-$2.0M$77.0M——$279.0M
OCI Cash Flow Hedge Reclassification, Before Tax—-$3.0M-$1.0M$0.0—$0.0
Operating Lease Payments—$19.0M$21.0M$18.0M—$19.0M
Payments to Acquire Equipment on Lease—$170.0M$215.0M$137.0M—$194.0M
ROU Asset Obtained - Finance Lease—$22.0M$26.0M$7.0M—$3.0M
ROU Asset Obtained - Operating Lease—$3.0M$38.0M$3.0M—$6.0M
OCI Attributable to Parent—$246.0M$85.0M$70.0M—-$155.0M
OCI Cash Flow Hedge Before Reclassification and Tax—-$12.0M$0.0$2.0M—$19.0M
Other Comprehensive Income (Loss), Before Tax—$331.0M$114.0M$95.0M—-$208.0M
OCI Defined Benefit Plans Adjustment (Net of Tax) Parent—$0.0$3.0M$1.0M—$2.0M
Cash flow hedge gain loss to be reclassified within 12 months—$7.0M—$1.0M$2.0M$0.0
OCI available-for-sale securities adjustment—$239.0M$89.0M$72.0M—-$139.0M
OCI cash flow hedges—$7.0M-$1.0M-$1.0M—-$14.0M
OCI defined benefit plans—$0.0$3.0M$1.0M—$2.0M
Other comprehensive income (loss), after-tax—$331.0M$114.0M$95.0M—-$208.0M
Other investing activities, net—$114.0M$158.0M$191.0M—$149.0M
Payments for other loans and leases—$1.4B—$3.7B—$1.4B
Payments to acquire available-for-sale debt securities—$1.9B$1.1B$4.6B—$2.8B
Payments to acquire held-to-maturity securities—$217.0M$1.0M$171.0M—$59.0M
Dividends per share declared—$2.0$2.0$2.0—$2.1
Common Stock Dividends Per Share Declared—$2.0$2.0$2.0—$2.1
Income Taxes Paid, Net$9.0M$40.0M$131.0M$118.0M$26.0M$51.0M
Interest Paid, Net$1.1B$1.2B$1.2B$1.2B$1.1B$1.2B
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months—$7.0M—$1.0M$2.0M$0.0
Commitments extended during the period on affordable housing investment credits$350.0M$108.0M$89.0M$257.0M$194.0M$0.0
Dividends declared (in dollars per share)—$2.0$2.0$2.0—$2.1
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$729.0M$660.0M$638.0M—$379.0M
Provision for credit losses$155.0M$154.0M$115.0M$191.0M$54.0M$72.0M
Addition to (release of) the allowance for credit losses on securities that had an allowance recorded in a previous period, for which there was no intent to sell before recovery of amortized cost basis—$0.0———$1.0M
Debt Securities, Available-for-Sale, Realized Loss—$2.0M$0.0$0.0—$0.0
Realized gain$2.0M$0.0$0.0$0.0$3.0M$0.0
Net realized gain on sale of marketable equity securities—$1.0M$0.0$0.0—$0.0
Write off of accrued interest receivable—$0.0$0.0$0.0—$0.0
Deferred taxes$133.0M-$40.0M-$34.0M-$30.0M-$7.0M$8.0M
Interest cost—$16.0M$16.0M$16.0M—$16.0M
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)—-$6.0M-$5.0M-$6.0M—-$7.0M
Service cost—$2.0M$2.0M$2.0M—$2.0M
Depreciation, Amortization and Accretion, Net$94.0M$93.0M$100.0M$91.0M$121.0M$180.0M
Effective tax rates—$0.3$0.2$0.2—$0.2
Equipment$136.0M$136.0M$131.0M$137.0M$151.0M$136.0M
Finance Lease Principal Payments—$1.0M$1.0M$3.0M—$2.0M
Financing receivable, accrued interest reversed to nonaccrual status$3.0M$7.0M$3.0M$4.0M—$5.0M
Net addition to the allowance for credit losses———-$20.0M—-$8.0M
Financing receivable, amortization of purchase discount—$84.0M$75.0M$71.0M—$48.0M
Financing Receivable, Credit Loss, Expense—$148.0M$111.0M$214.0M—$103.0M
Gross charge-offs—$167.0M$144.0M$256.0M—$132.0M
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery—$23.0M$25.0M$22.0M—$21.0M
Loan modifications—$1.0M$1.0M$1.0M—$1.0M
Subsequently default—$53.0M$25.0M$35.0M—$174.0M
Amortized Cost$76.0M$262.0M$367.0M$504.0M—$465.0M
Prior—$25.0M$2.0M$22.0M—$13.0M
Revolving Loans—$35.0M$33.0M$144.0M—$53.0M
Revolving Loans Converted to Term—$1.0M———$1.0M
Term loan by year, year 4—$34.0M$46.0M$18.0M—$9.0M
Term loan by year, year 1—$0.0$16.0M$18.0M—$1.0M
Term loan by year, year 2—$22.0M$22.0M$21.0M—$21.0M
Term loan by year, year 3—$39.0M$22.0M$29.0M—$24.0M
Term loan by year, year 5—$11.0M$3.0M$4.0M—$10.0M
Percent of total loans—0.2%0.3%0.4%—0.3%
Weighted Average Interest Rate Reduction—2.1%1.0%0.7%—1.3%
Gain on sale of leasing equipment, net$11.0M$5.0M$8.0M$3.0M$14.0M$11.0M
Gain Loss On Sale Of Property Plant Equipment$1.0M$1.0M———$0.0
Net gains/(losses) on sales of loans—$2.0M$2.0M$8.0M$9.0M$5.0M
Gain On Sales Of Operating Lease Equipment, Net—$5.0M$8.0M$3.0M—$11.0M
Gains from sale of other real estate classified as OREO$1.0M-$8.0M$1.0M$8.0M$1.0M$1.0M
Goodwill impairment losses—$0.0$0.0$0.0—$0.0
Impairment of premises and equipment and other assets—$4.0M$1.0M——$0.0
Income Taxes Paid, Net$9.0M$40.0M$131.0M$118.0M$26.0M$51.0M
Increase (Decrease) in Asset, Held-for-Sale—$297.0M$381.0M$333.0M—$289.0M
Net increase in demand and other interest-bearing deposits—$5.4B$1.5B$3.4B—$7.3B
Net increase in credit balances of factoring clients—$129.0M—$265.0M—$92.0M
Increase (Decrease) in Other Operating Assets$326.0M-$24.0M$265.0M—$196.0M$103.0M
Other liabilities—-$610.0M$320.0M-$55.0M$515.0M-$680.0M
Increase (Decrease) in Time Deposits-$874.0M-$1.3B-$753.0M-$168.0M$0.0$2.0B
Add - Incremental shares under stock-based compensation plans (in shares)—$0.0$0.0$0.0—$0.0
Interest and Dividend Income, Operating$3.0B$2.9B$2.9B$3.0B$2.9B$2.8B
Interest and Fee Income, Loans and Leases$2.3B$2.2B$2.3B$2.3B$2.3B$2.2B
Interest Expense, Deposits$957.0M$893.0M$894.0M$911.0M$861.0M$833.0M
Deposits at banks$302.0M$245.0M$256.0M$265.0M$226.0M$196.0M
Interest Income (Expense), after Provision for Credit Loss$1.6B$1.5B$1.6B$1.5B$1.7B$1.5B
Interest Income (Expense), Operating$1.7B$1.7B$1.7B$1.7B$1.7B$1.6B
Interest income - taxable investment securities—$413.0M$418.0M$432.0M—$383.0M
Interest Paid, Excluding Capitalized Interest, Operating Activity$1.1B$1.2B$1.2B$1.2B$1.1B$1.2B
Lease Income—$328.0M$333.0M$332.0M—$338.0M
Interest income – leveraged leases—$1.0M$1.0M$1.0M—$1.0M
Marketing$24.0M$32.0M$32.0M$33.0M$45.0M$30.0M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation$2.6B$4.8B—$2.9B—$6.6B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$3.7B-$4.9B-$562.0M-$3.8B—-$6.5B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$1.1B$98.0M$859.0M$916.0M$1.1B$172.0M
Noninterest Expense$1.5B$1.5B$1.5B$1.5B$1.6B$1.5B
Total other income$50.0M$14.0M$42.0M$51.0M$53.0M$38.0M
Noninterest Income, Other Miscellaneous—$365.0M$406.0M$426.0M—$411.0M
Other comprehensive income/(loss) before reclassifications—$249.0M$85.0M$70.0M—-$155.0M
(Benefit) provision for off-balance sheet credit exposure—$6.0M$4.0M-$23.0M—-$32.0M
Lease income — operating leases$272.0M$270.0M$272.0M$273.0M$281.0M$281.0M
Operating Lease Payments—$19.0M$21.0M$18.0M—$19.0M
Depreciation expense$101.0M$98.0M$100.0M$98.0M$102.0M$101.0M
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent—$0.0$3.0M$1.0M—$2.0M
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent—$331.0M$114.0M$95.0M—-$208.0M
Cash flow hedges—-$12.0M$0.0$2.0M—$19.0M
Cash flow hedges, Gain or (loss) reclassified from accumulated OCI into income—-$3.0M-$1.0M$0.0—$0.0
Other comprehensive income/(loss)—$246.0M$85.0M$70.0M—-$155.0M
Other Non-interest Expense, Miscellaneous—$477.0M$497.0M$481.0M—$496.0M
All other operating activities$12.0M-$11.0M-$38.0M-$5.0M-$14.0M$1.0M
Payments For Proceeds From Loans And Leases$1.9B$1.4B$0.0$3.7B$4.1B$1.4B
Payment for (Proceeds from) Other Investing Activity$194.0M$114.0M$158.0M$191.0M$343.0M$149.0M
Payments for Repurchase of Common Stock$948.0M$618.0M$613.0M$896.0M$900.0M$899.0M
Payments of Dividends$42.0M$42.0M$40.0M$39.0M$40.0M$51.0M
Payments to Acquire Debt Securities, Available-for-Sale$9.2B$1.9B$1.1B$4.6B$6.5B$2.8B
Payments To Acquire Equipment On Lease$313.0M$170.0M$215.0M$137.0M$330.0M$194.0M
Payments to Acquire Held-to-Maturity Securities$1.0M$217.0M$1.0M$171.0M$0.0$59.0M
Payments to Acquire Property, Plant, and Equipment$128.0M$103.0M$126.0M$238.0M$243.0M$141.0M
Debt issued (Note 13)$0.0$1.2B—$597.0M—$497.0M
Proceeds from issuance of preferred stock$0.0$0.0———$390.0M
Proceeds from Maturities, Prepayments and Calls of Held-to-Maturity Securities$161.0M$139.0M$143.0M$316.0M$412.0M$170.0M
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$2.4B$894.0M$2.1B$2.8B$7.2B$1.2B
Proceeds From Payments For In Interest Bearing Deposits In Banks—-$3.3B-$1.5B——-$3.4B
Proceeds From Payments For In Securities Sold Under Agreements To Repurchase-$24.0M$83.0M$21.0M-$48.0M-$199.0M-$54.0M
Change in Securities Purchased under Agreements to Resell—-$187.0M—$217.0M—$9.0M
Sale of investments$798.0M$1.2B——$2.6B$0.0
Proceeds From Sale Of Loans Held For Sale$422.0M$293.0M$478.0M$366.0M$416.0M$461.0M
Loans$110.0M$41.0M$105.0M$74.0M$179.0M$128.0M
Proceeds from sales of other real estate owned—$3.0M$7.0M$10.0M—$15.0M
Proceeds from sales of operating lease equipment—$63.0M$61.0M$71.0M—$55.0M
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent—$3.0M———$0.0
Repayments of Long-Term Debt$102.0M$1.0M$351.0M$3.0M$2.5B$2.5B
Right Of Use Asset Obtained In Exchange For Operating Lease Liability—$3.0M$38.0M$3.0M—$6.0M
Interest income on lease receivables—$43.0M$44.0M$44.0M—$42.0M
Third-party processing fees$57.0M$63.0M$63.0M$67.0M$75.0M$93.0M
Transfer of assets from held for investment to held for sale$277.0M$139.0M$147.0M$115.0M$895.0M$666.0M
Transfer of assets from held for sale to held for investment-$25.0M$0.0——$3.0M$32.0M
Variable lease income—$14.0M$16.0M$14.0M—$14.0M
OCI Cash Flow Hedge After Reclassification Before Tax—$9.0M-$1.0M-$2.0M—-$19.0M
Unrealized Gain (Loss) on Derivatives, Net—-$12.0M$0.0$2.0M—$19.0M
OCI Before Reclassifications, Net of Tax—$249.0M$85.0M$70.0M—-$155.0M
Reclassification from AOCI, Net of Tax—$3.0M———$0.0
OCI Cash Flow Hedge Gain (Loss), After Tax, Parent—$7.0M-$1.0M-$1.0M—-$14.0M
OCI Cash Flow Hedge Reclassification, After Tax—$7.0M-$1.0M-$1.0M—-$14.0M
Other Comprehensive Income (Loss)—$729.0M$660.0M$638.0M—$379.0M
Unrealized Gain (Loss) on Derivatives—$7.0M-$1.0M-$1.0M—-$14.0M
Common Stock Dividends Per Share Declared—$2.0$2.0$2.0—$2.1
Other Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$246.0M$85.0M$70.0M—-$155.0M
Common Stock Dividends Per Share Declared—$2.0$2.0$2.0—$2.1
OCI Net of Tax, Parent—$246.0M$85.0M$70.0M—-$155.0M
Cash Dividends Paid—$42.0M$40.0M$39.0M—$51.0M
OCI Attributable to Parent—$246.0M$85.0M$70.0M—-$155.0M
Stock Repurchased During Period, Value—$618.0M$613.0M$896.0M—$899.0M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared—$2.0$2.0$2.0—$2.1
Common Stock Dividends Per Share (Declared)—$2.0$2.0$2.0—$2.1
Common Stock Dividends Per Share Declared—$2.0$2.0$2.0—$2.1
Basic earnings per share$49.15$34.47$42.36$43.08$45.54$42.63
Diluted earnings per share$49.15$34.47$42.36$43.08$45.54$42.63
Common Stock Dividends Per Share Declared—$2.0$2.0$2.0—$2.1
Dividends Per Share Declared—$2.0$2.0$2.0—$2.1
Common Stock Dividends Per Share Declared—$2.0$2.0$2.0—$2.1
Common Stock Dividends Per Share Declared—$2.0$2.0$2.0—$2.1
Common stock dividends per share declared—$2.0$2.0$2.0—$2.1
Dividends Per Share Declared—$2.0$2.0$2.0—$2.1
Dividends per share declared—$2.0$2.0$2.0—$2.1
Common Stock Dividends Per Share Declared—$2.0$2.0$2.0—$2.1
Dividends per share declared—$2.0$2.0$2.0—$2.1
Dividends per share declared—$2.0$2.0$2.0—$2.1
Dividends per Share Declared—$2.0$2.0$2.0—$2.1
Dividends per share declared—$1.95$1.95$1.95—$2.10
Common Stock Dividends Per Share Declared—$2.0$2.0$2.0—$2.1
Common Stock Dividends Per Share Declared—$2.0$2.0$2.0—$2.1
Common stock dividends per share declared—$2.0$2.0$2.0—$2.1
Common Stock Dividends Per Share Declared—$2.0$2.0$2.0—$2.1
Common Stock Dividends Per Share Declared—$2.0$2.0$2.0—$2.1
Common stock dividends per share declared—$2.0$2.0$2.0—$2.1
Weighted-average shares, basic—13.6M13.2M12.8M—11.9M
Weighted-average shares, diluted—13.6M13.2M12.8M—11.9M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisition and integration costs$62.0M$42.0M$38.0M$28.0M$33.0M$5.0M
Operating Lease Cost—$18.0M$18.0M$18.0M—$17.0M
Compensation and benefits$801.0M$818.0M$810.0M$817.0M$849.0M$869.0M
Total Lease Cost—$24.0M$25.0M$25.0M—$25.0M
Depreciation and amortization$16.0M$15.0M$13.0M$13.0M$13.0M$13.0M
Finance Lease ROU Asset Amortization—$1.0M$2.0M$3.0M—$3.0M
Total Lease Cost—$24.0M$25.0M$25.0M—$25.0M
Goodwill impairment—$0.0$0.0$0.0—$0.0
Operating Lease Cost—$18.0M$18.0M$18.0M—$17.0M
Total Lease Cost—$24.0M$25.0M$25.0M—$25.0M
FDIC-related expense$33.0M$38.0M$38.0M$38.0M$27.0M$38.0M
Net periodic benefit cost (credit)—-$6.0M-$5.0M-$6.0M—-$7.0M
Defined Benefit Plan Expected Return on Plan Assets—$24.0M$23.0M$24.0M—$25.0M
Defined Benefit Plan Interest Cost—$16.0M$16.0M$16.0M—$16.0M
Defined Benefit Plan Net Periodic Benefit Cost—-$6.0M-$5.0M-$6.0M—-$7.0M
Defined Benefit Plan Service Cost—$2.0M$2.0M$2.0M—$2.0M
Lease Cost—$24.0M$25.0M$25.0M—$25.0M
Operating Lease Cost—$18.0M$18.0M$18.0M—$17.0M
Variable Lease Cost—$7.0M$5.0M$4.0M—$5.0M
Finance Lease ROU Asset Amortization—$1.0M$2.0M$3.0M—$3.0M
Occupancy and equipment$60.0M$58.0M$61.0M$58.0M$61.0M$60.0M
Other operating expenses$142.0M$110.0M$129.0M$109.0M$118.0M$102.0M
Professional fees$30.0M$25.0M$30.0M$26.0M$34.0M$24.0M
Provision for credit losses$155.0M$154.0M$115.0M$191.0M$54.0M$72.0M
Selling and marketing$24.0M$32.0M$32.0M$33.0M$45.0M$30.0M
Amortization of Right-of-Use Assets—$1.0M$2.0M$3.0M—$3.0M
Variable Lease Expense—$7.0M$5.0M$4.0M—$5.0M
Total operating expenses$1.5B$1.5B$1.5B$1.5B$1.6B$1.5B
Variable Lease Cost—$7.0M$5.0M$4.0M—$5.0M
Lease Costs$55.0M$58.0M$55.0M$67.0M$64.0M$65.0M
Operating Lease Cost—$18.0M$18.0M$18.0M—$17.0M
Variable Lease Cost—$7.0M$5.0M$4.0M—$5.0M
Variable Lease Cost—$7.0M$5.0M$4.0M—$5.0M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Defined Benefit Plan Net Periodic Benefit Cost—-$6.0M-$5.0M-$6.0M—-$7.0M
Cash Paid for Interest$1.1B$1.2B$1.2B$1.2B$1.1B$1.2B
Transfer to Other Real Estate-$1.0M$52.0M$2.0M$1.0M$31.0M$0.0
Equity Securities FV-NI Gain (Loss)$10.0M-$5.0M$2.0M$13.0M$12.0M$3.0M
Gain (Loss) on Cenovus Energy Investment$10.0M-$5.0M$2.0M$13.0M$12.0M$3.0M
Gain (loss) on extinguishment of debt$0.0$0.0$0.0$0.0-$9.0M-$8.0M
Gain (loss) on disposal of assets—$1.0M———$0.0
Finance Lease Interest Payment—$0.0$1.0M$1.0M—$1.0M
Sublease Income—$2.0M$1.0M$1.0M—$1.0M
Gains (losses) on equity investments$10.0M-$5.0M$2.0M$13.0M$12.0M$3.0M
Interest expense$1.3B$1.2B$1.3B$1.3B$1.2B$1.2B
Net investment gains (losses)$10.0M-$5.0M$2.0M$13.0M$12.0M$3.0M
Interest Expense, Borrowings$335.0M$339.0M$356.0M$353.0M$357.0M$332.0M
Realized Gain on AFS Securities—$1.0M$0.0$0.0—$0.0
Sublease Income—$2.0M$1.0M$1.0M—$1.0M
Realized Loss on AFS Debt Securities—$2.0M$0.0$0.0—$0.0
Other income (expense), net$50.0M$14.0M$42.0M$51.0M$53.0M$38.0M
Net gains (losses) on equity securities$10.0M-$5.0M$2.0M$13.0M$12.0M$3.0M
Net Periodic Benefit Cost (Credit)—-$6.0M-$5.0M-$6.0M—-$7.0M
Finance Lease Interest Expense—$0.0$1.0M$1.0M—$1.0M
Interest expense on finance leases—$0.0$1.0M$1.0M—$1.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effective Tax Rate (Continuing Operations)—$0.3$0.2$0.2—$0.2
Effective Tax Rate—$0.3$0.2$0.2—$0.2
Cash Paid for Income Taxes$9.0M$40.0M$131.0M$118.0M$26.0M$51.0M
Effective Tax Rate, Continuing Operations—$0.3$0.2$0.2—$0.2
Effective Income Tax Rate, Continuing Operations—$0.3$0.2$0.2—$0.2
Effective Tax Rate—$0.3$0.2$0.2—$0.2
Effective Tax Rate (Continuing Operations)—$0.3$0.2$0.2—$0.2
Income Taxes Paid, Net$9.0M$40.0M$131.0M$118.0M$26.0M$51.0M
Income tax expense$36.0M$168.0M$183.0M$183.0M$231.0M$171.0M
Effective Tax Rate (Continuing Operations)—$0.3$0.2$0.2—$0.2
Deferred Income Tax Expense (Benefit)—-$40.0M-$34.0M-$30.0M—$8.0M
Effective Tax Rate (Continuing Operations)—$0.3$0.2$0.2—$0.2
Income Taxes Paid, Net$9.0M$40.0M$131.0M$118.0M$26.0M$51.0M
Effective Income Tax Rate—$0.3$0.2$0.2—$0.2
Effective Tax Rate, Continuing Operations—$0.3$0.2$0.2—$0.2
Income and Other Taxes$9.0M$40.0M$131.0M$118.0M$26.0M$51.0M
Effective Tax Rate Continuing Operations—$0.3$0.2$0.2—$0.2

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest and fee income, loans and leases$2.3B$2.2B$2.3B$2.3B$2.3B$2.2B
Interest and Fee Income on Loans and Leases$2.3B$2.2B$2.3B$2.3B$2.3B$2.2B
Interest and Fee Income on Loans and Leases$2.3B$2.2B$2.3B$2.3B$2.3B$2.2B
Lease Income—$328.0M$333.0M$332.0M—$338.0M
Interest Income on Lease Receivables—$43.0M$44.0M$44.0M—$42.0M
Variable Lease Income—$14.0M$16.0M$14.0M—$14.0M
Gain (loss) on sale of loans—$2.0M$2.0M$8.0M—$5.0M
Interest and fee income, loans and leases$2.3B$2.2B$2.3B$2.3B$2.3B$2.2B
Interest and Fee Income, Loans and Leases$2.3B$2.2B$2.3B$2.3B$2.3B$2.2B
Net interest income$1.7B$1.7B$1.7B$1.7B$1.7B$1.6B
Rental income$272.0M$270.0M$272.0M$273.0M$281.0M$281.0M
Total interest income$3.0B$2.9B$2.9B$3.0B$2.9B$2.8B
Total noninterest income$699.0M$635.0M$678.0M$699.0M$715.0M$692.0M
Total revenue$2.4B$2.3B$2.4B$2.4B$2.4B$2.3B
Income from Equity Securities—$1.0M$1.0M$0.0—$1.0M
Operating Lease Payment Income—$254.0M$258.0M$261.0M—$268.0M
Operating Lease Variable Income—$16.0M$14.0M$12.0M—$13.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$685.0M$468.0M$561.0M$554.0M$566.0M$508.0M
Common Dividends Declared (Per Share)—$2.0$2.0$2.0—$2.1
Net Income Allocated to Common (Diluted)$685.0M$468.0M$561.0M$554.0M$566.0M$508.0M
Net earnings to common$685.0M$468.0M$561.0M$554.0M$566.0M$508.0M
Net Income Available to Common Stockholders (Diluted)$685.0M$468.0M$561.0M$554.0M$566.0M$508.0M
Net Income Available to Common Shareholders$685.0M$468.0M$561.0M$554.0M$566.0M$508.0M
OCI Attributable to Parent—$246.0M$85.0M$70.0M—-$155.0M
Net income$700.0M$483.0M$575.0M$568.0M$580.0M$534.0M
Preferred stock dividends$15.0M$15.0M$14.0M$14.0M$14.0M$26.0M
Net income attributable to common stock$685.0M$468.0M$561.0M$554.0M$566.0M$508.0M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$736.0M$651.0M$758.0M$751.0M$811.0M$705.0M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total interest expense (banking)$957.0M$893.0M$894.0M$911.0M$861.0M$833.0M