What does commercial bank — operating lease equipment, net mean?

The net book value of equipment owned by the bank and leased to commercial customers under operating lease agreements. This reflects the segment's investment in tangible assets used to generate lease income.

First Citizens BancShares FCNCA Commercial Bank — Operating lease equipment, net

Other segment segments

Rail

$8.97B+3.8%

General Bank

$0—

Similar metrics at other companies

BKUOperating lease equipment, net

$150.21M-31.3%

BANCEquipment leased to others under operating leases

$223.56M—

PCARFinancial Services — Equipment On Operating Leases Net

$1.83B-1.9%

XRXEquipment on operating leases, net

$292M+17.7%

GBXEquipment On Operating Leases Net

$1.3B-0.2%

CNOBCapital Lease In Premises And Equipment Net

$514K-25.0%

Other financials

Income statement

See full

Revenue$2.3B+0.7%

Net income$534.0M+10.6%

EPS (diluted)$42.63+23.7%

Balance sheet

See full

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

See full

Operating cash flow$172.0M+75.5%

CapEx$141.0M+36.9%

Free cash flow$31.0M+720%

Valuation

See full

Market cap$24.11B-7.3%

Enterprise value$57.55B-10.3%

P/E10.7×-0.2×

P/S2.5×-0.2×

Profitability

See full

Net margin23.6%-2.7pp

FCF margin23.5%+0.8pp

Returns & leverage

See full

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:PropertySubjectToOrAvailableForOperatingLeaseNet.

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 — operating lease equipment, net?: First Citizens BancShares (FCNCA) reported commercial bank — operating lease equipment, net of $717M in Q1 2026.
How has First Citizens BancShares's commercial bank — operating lease equipment, net changed year-over-year?: First Citizens BancShares's commercial bank — operating lease equipment, net decreased by 1.9% year-over-year, from $731M to $717M.
What does commercial bank — operating lease equipment, net mean?: The net book value of equipment owned by the bank and leased to commercial customers under operating lease agreements. This reflects the segment's investment in tangible assets used to generate lease income.