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First Citizens BancShares Cash Flow Statement

Operating, investing, and financing cash movements

First Citizens BancShares generated $3.0B in operating cash flow over the trailing twelve months. After $748.0M in capital expenditures, free cash flow was $2.2B. Free cash flow increased 0.0% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$3.0BNet Cash From Investing (TTM)-$13.0BNet Cash From Financing (TTM)$8.8BCapital Expenditures (TTM)$748.0MDepreciation And Amortization Cf (TTM)$492.0MNet Change In Cash (TTM)$268.0M
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$24.5B
P/E Ratio10.87
ROE10.18%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$128M$103M$126M$238M$243M$141M
Net increase in credit balances of factoring clients-$234M$129M—$265M—$92M
Payments For Proceeds From Loans And Leases$1.9B$1.4B$0$3.7B$4.1B$1.4B
Payment for (Proceeds from) Other Investing Activity$194M$114M$158M$191M$343M$149M
Payments to Acquire Held-to-Maturity Securities$1M$217M$1M$171M$0$59M
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$2.4B$894M$2.1B$2.8B$7.2B$1.2B
Change in interest-bearing deposits with banks$4.3B-$3.3B-$1.5B$1.4B$5B-$3.4B
Proceeds from (Payments for) Securities Purchased under Agreements to Resell$297M-$187M—$217M-$149M$9M
Sale of investments$798M$1.2B——$2.6B$0
Loans$110M$41M$105M$74M$179M$128M
Proceeds from sales of other real estate owned$3M$3M$7M$10M$9M$15M
Proceeds from sales of operating lease equipment$101M$63M$61M$71M$90M$55M
Net cash from investing activities-$3.7B-$4.9B-$562M-$3.8B—-$6.5B
Net change in loans and leases$1.9B$1.4B$0$3.7B$4.1B$1.4B
Other investing activities$194M$114M$158M$191M$343M$149M
Proceeds from maturities/sales of investments$798M$1.2B——$2.6B$0
Purchases of fixed maturity securities$1M$217M$1M$171M$0$59M
Purchases of investments$9.2B$1.9B$1.1B$4.6B$6.5B$2.8B

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in other assets$326M-$24M$265M—$196M$103M
Change in other liabilities—-$610M$320M-$55M$515M-$680M
Other working capital changes$12M-$11M-$38M-$5M-$14M$1M
Deferred income taxes$133M-$40M-$34M-$30M-$7M$8M
Depreciation and amortization$94M$93M$100M$91M$121M$180M
Net gains (losses) on investments$10M-$5M$2M$13M$12M$3M
Gain (loss) on sale of assets$1M$1M———$0
Loss on extinguishment of debt$0$0$0$0-$9M-$8M
Net cash from operating activities$1.1B$98M$859M$916M$1.1B$172M
Net income$700M$483M$575M$568M$580M$534M
Equity Securities, FV-NI, Gain (Loss)$10M-$5M$2M$13M$12M$3M
Gain (Loss) on Sales of Loans, Net—$2M$2M$8M$9M$5M
Gain On Sales Of Operating Lease Equipment, Net$11M$5M$8M$3M$14M$11M
Gains (Losses) on Sales of Other Real Estate$1M-$8M$1M$8M$1M$1M
Impairment of premises and equipment and other assets$22M$4M$1M$0$1M$0
Increase (Decrease) in Other Operating Assets$326M-$24M$265M—$196M$103M
Proceeds From Payments For In Securities Sold Under Agreements To Repurchase-$24M$83M$21M-$48M-$199M-$54M
Proceeds From Sale Of Loans Held For Sale$422M$293M$478M$366M$416M$461M
Provision for Loan, Lease, and Other Losses$155M$154M$115M$191M$54M$72M
Provision for credit losses$155M$154M$115M$191M$54M$72M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$0$1.2B—$597M—$497M
Repayments of debt$102M$1M$351M$3M$2.5B$2.5B
Dividends paid$42M$42M$40M$39M$40M$51M
Increase (Decrease) in Assets Held-for-sale$279M$297M$381M$333M$390M$289M
Net increase in demand and other interest-bearing deposits$4.6B$5.4B$1.5B$3.4B—$7.3B
Net (decrease) increase in time deposits-$874M-$1.3B-$753M-$168M$0$2B
Net cash from financing activities$2.6B$4.8B—$2.9B—$6.6B
Proceeds from issuance of preferred stock$0$0———$390M
Repurchases of common stock$948M$618M$613M$896M$900M$899M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$991M-$5M$733M$678M$807M$31M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$9M$40M$131M$118M$26M$51M
Interest paid$1.1B$1.2B$1.2B$1.2B$1.1B$1.2B
Income Taxes Paid, Net$9M$40M$131M$118M$26M$51M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash-$48M-$2M$77M-$15M-$73M$279M
Commitments extended during the period on affordable housing investment credits$350M$108M$89M$257M$194M$0
Transfer of assets from held for investment to held for sale$277M$139M$147M$115M$895M$666M
Transfer of assets from held for sale to held for investment-$25M$0——$3M$32M