First Citizens BancShares FCNCA Commercial Bank — Maintenance and other operating lease expenses

Other segment segments

Rail

$65M+12.1%

General Bank

$0—

Similar metrics at other companies

EQBKLease Payments

$460K+189%

MUROther — Operating Lease, Expense

$800K+100%

FITBCommercial Banking — Loan and lease expense

$13M+85.7%

GATXOther — Operating lease expense

$0—

CCBGLease Cost

$1.06M-9.6%

SYBTLease Payments

$1.14M0.0%

Other financials

Income statement

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Revenue$2.3B+0.7%

Net income$534.0M+10.6%

EPS (diluted)$42.63+23.7%

Balance sheet

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Cash & equivalents$1.1B+33.0%

Total debt$34.5B-12.0%

Total equity$22.0B-1.1%

Total assets$235.96B+3.1%

Cash flow

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Operating cash flow$172.0M+75.5%

CapEx$141.0M+36.9%

Free cash flow$31.0M+720%

Valuation

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Market cap$24.11B-7.3%

Enterprise value$57.55B-10.3%

P/E10.7×-0.2×

P/S2.5×-0.2×

Profitability

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Net margin23.6%-2.7pp

FCF margin23.5%+0.8pp

Returns & leverage

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Return on equity10.2%-1.3pp

Debt / equity1.6×-0.2×

Where this comes from

Reported directly by First Citizens BancShares in its filing.

Tagged under the XBRL concept us-gaap:DirectCostsOfLeasedAndRentedPropertyOrEquipment.

The official record: First Citizens BancShares’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Citizens BancShares's commercial bank — maintenance and other operating lease expenses?: First Citizens BancShares (FCNCA) reported commercial bank — maintenance and other operating lease expenses of $0 in Q1 2026.
What does commercial bank — maintenance and other operating lease expenses mean?: This captures the direct operational costs associated with maintaining and servicing equipment under operating leases. These expenses are essential for keeping leased assets in working order and generating rental income. It is a key component of the segment's operating efficiency ratio.