第一公民银行股份-A 2025年度报告

Frank B. Holding, Jr.Chairman and Chief Executive OfficerHope H. BryantVice ChairwomanPeter M. BristowPresidentCraig L. NixChief Financial OfficerLorie K. RuppChief Risk OfficerJeffery L. WardChief Strategy OfficerGregory L. SmithChief Information and Operations OfficerWest L. LudwigChief Human Resources OfficerMatthew G.T. MartinGeneral CounselDon E. PreskenisChief Internal Audit Officer BOARD OF DIRECTORS Ellen R. AlemanyRetired; former Vice Chairwoman, First Citizens BancShares, Inc., and former Chairwoman and Chief Executive Officer, CIT Group, Inc.Victor E. Bell IIIChairman and President, Marjan, Ltd.Peter M. BristowPresident, First Citizens BancShares, Inc. and First-Citizens Bank & Trust CompanyHope H. BryantVice Chairwoman, First Citizens BancShares, Inc. and First-Citizens Bank & Trust CompanyDr. Eugene Flood, Jr.Managing Partner, A Cappella PartnersFrank B. Holding, Jr.Chairman and Chief Executive Officer, First Citizens BancShares, Inc. and First-Citizens Bank & Trust CompanyRobert R. HoppeRetired; former partner, PricewaterhouseCoopers LLPDavid G. LeitchRetired legal counsel; former Global General Counsel, Bank of America CorporationRobert E. Mason IVChairman, Robert E. Mason and Associates, Inc.Diane E. MoraisRetired financial services executive; former President of Consumer and Commercial Banking, Ally BankRobert T. NewcombRetired; former Owner, Chief Executive Officer, and President, Newcomb and CompanyR. Mattox Snow IIIRetired; former partner and Chairman of the Governing Board, Forvis Mazars, LLP Dear Fellow Shareholders: As I reflect on 2025, I am filled with immense pride in what First Citizens accomplished this past year. We achievedanother year of strong financial results, completed materially all of our integration efforts from the SVB acquisition,announced an expansion of our franchise through a planned branch acquisition and made significant progress againstour strategic priorities. Building capabilities and growing with purpose Long-term thinking, client centricity and prudent risk management have guided First Citizens for more than 125years, and we believe this differentiated approach contributed to our success last year. Since 2023, we have beenfocused on integrating SVB into the franchise and ensuring our risk capabilities are appropriate for our new size andcomplexity, as well as scalable for continued growth. With this work now largely behind us, we have shifted focus tosimplifying and modernizing our technology platforms to better support our clients, allowing us to leverage our scaleand position our company for future growth. We continued to expand our geographic footprint through organic growth initiatives in high-growth markets suchas California, Boston and New York. We also announced an agreement to acquire 138 branches from BMO Bankwhich, upon closing, will expand the reach of our current business while introducing First Citizens into new markets. The strength and resilience of our company continues to secure our status as one of the premier banking and financialinstitutions in the nation, underscored by several distinguished recognitions including being named to the Fortune500 list of the largest U.S.-based companies, being highlighted by Forbes as one of the Most Trusted Companies inAmerica for 2025, being named on Forbes magazine’s 2025 list of America’s Best Banks and being recognized with19 Greenwich Excellence and Best Brand Awards in 2025. Adding to this momentum, our Vice Chairwoman Hope Holding Bryant was named to the 2025 list of The MostPowerful Women in Banking™by American Banker, one of the most prestigious recognitions in the financial servicesindustry and a testament to her leadership. These external accolades recognize our commitment to superior serviceand build on our legacy of excellence. To further enhance our oversight and provide strategic direction, we welcomed Di Morais to our Board of Directorsin June 2025. Di is a distinguished leader and executive with more than 30 years of financial services experience,and most recently served as President of Consumer and Commercial Banking at Ally Bank. Her knowledge andexperience complement our Board, and we are excited to have her on our team. Supporting our clients, colleagues and communities The strength of our company lies not only in our financial results but also in the exceptional talent of our colleagueswho are the bedrock of First Citizens’ success. Their expertise, commitment to client service and alignment withour vision and strategy fuel our performance. Throughout 2025, we’ve worked to streamline teams and processesacross front-, middle- and back-office functions to more effectively support our clients while ensuring we continueto deliver a differentiated experience and meet their specialized needs. These efforts are improving client supportcapabilities, and we are operating with an integrated strategy across our business lines with One Team, One Bank asa guiding principle. Our approa