第一公民银行股份-A 2024年度报告

Annual Report Pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934For the fiscal year endedDecember31, 2024 or Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number:001-16715 First Citizens BancShares, Inc. (Exact name of Registrant as specified in its charter) 56-1528994 Delaware (State or other jurisdiction ofincorporation or organization) (919)716-7000 (Registrant’s telephone number, including area code) Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☒No☐ Indicate by check mark if the Registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or forsuch shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of thischapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See thedefinitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and ‘emerging growth company’ in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smallerreportingcompany☐Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accountingstandards provided pursuant to Section 13(a) of the Exchange Act.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error topreviously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executiveofficers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ The aggregate market value of the Registrant’s common equity held by non-affiliates computed by reference to the price at which the common equity was last sold as of the last business day ofthe Registrant’s most recently completed second fiscal quarter was $17,290,620,797. On February14, 2025, there were12,572,063outstanding shares of the Registrant’s Class A Common Stock and1,005,185outstanding shares of the Registrant’s Class B Common Stock.DOCUMENTS INCORPORATED BY REFERENCEPortions of the Registrant’s definitive Proxy Statement for the 2025 Annual Meeting of Stockholders are incorporated by reference into Part III of this report. CONTENTS PagePART IItem1Business4Item1A Risk Factors19Item1B Unresolved Staff CommentsNoneItem1C Cybersecurity43Item2Properties45Item3Legal Proceedings45Item 4Mine Safety DisclosuresN/APART IIItem5Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities46Item6Reserved47Item7Management’s Discussion and Analysis of Financial Condition and Results of Operations48Item7A Quantitative and Qualitative Disclosure about Market Risk95Item8Financial Statements and SupplementaryData96Report of Independent Registered Public Accounting Firm96Report of Independent Registered Public Accounting Firm on Internal Control over Financial Reporting99Consolidated Balance Sheets at December 31, 2024 and 2023101Consolidated Statements of Income for each of the years in the three-year period ended December 31, 2024102Consolidated Statements of Comprehensive Income for each of the years in the three-year period ended December 31,2024103Consolidated Statements of Changes in Stockholders’ Equity for each of the years in the three-year period endedDecember 31, 2024104Consolidated Statements of Cash Flows for each of the years in the three-year period ended December 31, 2024105Notes to Consolidated Financial Statements107Item9Changes in and Disagreements with Accountants on Accounting and Financial DisclosureNoneItem9A Controls and Procedures187Management’s Annual Report on Internal Control over Financial Reporting187Item9B Other Information188Item9C Disclosure Regarding Foreign Jurisdictions that Prevent InspectionNonePARTIIIItem10Directors, Executi