First-Citizens Bank & Trust Company
First-Citizens Bank & Trust Company reported total assets of $236.3 bn at Q2 2026, up 3.0% on a year earlier, the 19th largest of 497 banks in our US coverage. The CET1 capital ratio at First-Citizens Bank & Trust Company was 12.41%, and the uninsured share of First-Citizens Bank & Trust Company was 37.40%. Source: FDIC Call Reports.
Key takeaways
- On net interest margin, First-Citizens Bank & Trust Company slipped from 301st to 380th among 500 US banks between and (1 = highest; FDIC Call Reports).
- Since , First-Citizens Bank & Trust Company has taken over 13 institutions, 3 of them failed banks bought from the FDIC; the latest was Silicon Valley Bridge Bank, National Association on (FDIC Call Reports).
What sets First-Citizens Bank & Trust Company apart
How large is First-Citizens Bank & Trust Company?
The balance sheet of First-Citizens Bank & Trust Company at : assets $236.3 bn, deposits $174.0 bn, net loans $149.6 bn (loans equal to 86.02% of deposits). Securities make up 18.4% of total assets at First-Citizens Bank & Trust Company. Since , when First-Citizens Bank & Trust Company held $32.0 bn, its assets grew 637.4%. In the year to , deposits at First-Citizens Bank & Trust Company rose 8.5% while its total assets rose 3.0%. At , First-Citizens Bank & Trust Company employed 18,010 full-time equivalent staff across 518 offices, about $13.1 mn of assets per employee and $335.8 mn of deposits per office.
How much funding at First-Citizens Bank & Trust Company is uninsured?
At First-Citizens Bank & Trust Company, uninsured deposits (above the FDIC limit) made up 37.40% of domestic deposits at (+0.53 pp on a year earlier); First-Citizens Bank & Trust Company ranks 223rd of 500 on this measure. In dollars, First-Citizens Bank & Trust Company estimated $65.1 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $174.0 bn | +8.5% | 20th of 499 |
| Net loans and leases | $149.6 bn | +7.1% | 15th of 500 |
| Loan-to-deposit ratio | 86.02% | -1.16 pp | 263rd of 500 |
| Tier 1 leverage ratio | 9.75% | -0.06 pp | 334th of 500 |
| Total risk-based capital ratio | 13.34% | -0.70 pp | 320th of 448 |
| Net interest margin | 3.14% | -0.13 pp | 380th of 500 |
| Return on assets (ROA) | 1.03% | +0.06 pp | 375th of 500 |
| Efficiency ratio | 65.10% | +2.28 pp | 396th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $1.2 bn | Narrowed by $97.0 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $527.0 mn | Widened by $206.0 mn | |
| Noncurrent loans to total loans | 1.12% | +0.08 pp | 385th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.29% | -0.08 pp | 398th of 500 (1 = lowest) |
US rank of First-Citizens Bank & Trust Company: 1 = highest unless marked 1 = lowest.
Balance sheet
First-Citizens Bank & Trust Company: assets, deposits and loans
- Total assets $236bn
- Deposits $174bn
- Net loans $150bn
Capital and securities
The CET1 ratio of First-Citizens Bank & Trust Company stood at 12.41% in , -0.44 pp year on year. Low and high at First-Citizens Bank & Trust Company since : 11.38% () to 14.18% (). Equity capital of First-Citizens Bank & Trust Company at : $23.1 bn, or 9.8% of total assets. First-Citizens Bank & Trust Company also reported a total capital ratio of 13.34% for , and a tier 1 leverage ratio of 9.75%.
On held-to-maturity securities, First-Citizens Bank & Trust Company carried an unrealized loss of $1.2 bn at , equal to 5.2% of equity capital. The loss narrowed by $97.0 mn over the year. Its deepest point: $1.9 bn in . The available-for-sale portfolio of First-Citizens Bank & Trust Company showed an unrealized loss of $527.0 mn at ; the loss widened by $206.0 mn over the year.
First-Citizens Bank & Trust Company: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 9.7%
First-Citizens Bank & Trust Company: unrealized securities gains and losses
- Available for sale -$527mn
- Held to maturity -$1.2bn
Profitability and loan quality
For the year to , First-Citizens Bank & Trust Company earned a return on equity of 10.29%; return on assets: 1.03%. Net interest margin at First-Citizens Bank & Trust Company: 3.14%, -0.13 pp in a year. First-Citizens Bank & Trust Company net income: $1.2 bn, up 9.6% year on year. The efficiency ratio of First-Citizens Bank & Trust Company was 65.10%: about 65 cents cost per revenue dollar, against 57 cents at the median peer.
At , noncurrent loans were 1.12% of total loans at First-Citizens Bank & Trust Company; net charge-offs: 0.29% of average loans. Gross loans and leases at First-Citizens Bank & Trust Company: $151.1 bn, up 6.8% in a year.
First-Citizens Bank & Trust Company: profitability
- Return on equity 10%
- Net interest margin 3.1%
- Return on assets 1.0%
Peer group of First-Citizens Bank & Trust Company
The peer group of First-Citizens Bank & Trust Company is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of First-Citizens Bank & Trust Company (state nonmember bank), 6 sit in the same size group (over $100 bn) and 0 have head offices in North Carolina. Against them, First-Citizens Bank & Trust Company shows CET1 ratio 12.41% against a peer median of 13.45%, return on equity 10.29% against a peer median of 13.38% and uninsured deposit share 37.40% against a peer median of 33.47%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| BMO Bank | National bank | IL | $255.0 bn | 14.97% | 0.99% | 52.71% | |
| Charles Schwab Bank, SSB | State member bank | TX | $250.8 bn | 30.15% | 18.03% | 19.04% | |
| Morgan Stanley Private Bank | National bank | NY | $250.4 bn | 24.99% | 16.07% | 19.47% | |
| First-Citizens Bank & Trust Company | State nonmember bank | NC | $236.3 bn | 12.41% | 10.29% | 37.40% | |
| Citizens Bank | National bank | RI | $232.5 bn | 11.92% | 8.50% | 47.48% | |
| Manufacturers and Traders Trust Company | State member bank | NY | $218.8 bn | 11.81% | 10.70% | 48.89% | |
| American Express National Bank | National bank | UT | $213.9 bn | 10.86% | 41.56% | 18.17% | |
. FDIC Call Reports.
Last eight quarters
Two years at First-Citizens Bank & Trust Company, to : assets +7.2%, deposits +14.5%, equity +5.1%. Staff 17,121 to 18,010; offices 537 to 518.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $220.4 bn | $223.5 bn | $228.6 bn | $229.4 bn | $233.2 bn | $229.3 bn | $235.5 bn | $236.3 bn |
| Total deposits | $151.9 bn | $155.6 bn | $160.1 bn | $160.3 bn | $163.6 bn | $162.1 bn | $171.4 bn | $174.0 bn |
| Bank equity capital | $22.0 bn | $21.9 bn | $22.0 bn | $22.7 bn | $22.3 bn | $23.4 bn | $23.5 bn | $23.1 bn |
| CET1 ratio | 13.26% | 13.34% | 13.16% | 12.85% | 12.35% | 12.55% | 12.59% | 12.41% |
| Return on equity (ROE) | 12.85% | 12.80% | 9.09% | 9.86% | 10.03% | 10.20% | 9.55% | 10.29% |
| Uninsured share of domestic deposits | 38.56% | 38.25% | 37.86% | 36.87% | 37.74% | 38.13% | 38.17% | 37.40% |
| Full-time equivalent employees | 17,121 | 17,334 | 17,376 | 17,738 | 17,831 | 18,010 | 18,173 | 18,010 |
| Number of offices | 537 | 535 | 532 | 524 | 518 | 519 | 517 | 518 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of First-Citizens Bank & Trust Company, oldest first; figures before and after each event are not like for like.
- . Acquired the failed North Milwaukee State Bank from the FDIC as receiver (FDIC certificate 20364).
- . Acquired the failed First CornerStone Bank from the FDIC as receiver (FDIC certificate 35312).
- . Absorbed Bank of Virginia (FDIC certificate 57627).
- . Acquired the failed Harvest Community Bank from the FDIC as receiver (FDIC certificate 34951).
- . Acquired the failed Guaranty Bank from the FDIC as receiver (FDIC certificate 30003).
- . Absorbed HomeBanc (FDIC certificate 58194).
- . Absorbed Securant Bank & Trust (FDIC certificate 12515).
- . Absorbed Palmetto Heritage Bank & Trust (FDIC certificate 57880).
- . Absorbed Biscayne Bank (FDIC certificate 57973).
- . Absorbed First South Bank (FDIC certificate 34222).
- . Absorbed Entegra Bank (FDIC certificate 31445).
- . Absorbed Gwinnett Community Bank (FDIC certificate 35249).
- . Absorbed CIT Bank, National Association (FDIC certificate 58978).
- . Absorbed Silicon Valley Bridge Bank, National Association (FDIC certificate 59334).
Large one-quarter moves at First-Citizens Bank & Trust Company
- Total assets at First-Citizens Bank & Trust Company changed by +86.3% in the quarter to 2022-03-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from CIT Bank, National Association.
- Total assets at First-Citizens Bank & Trust Company changed by +96.6% in the quarter to 2023-03-31: Bridge Bank Resolution; Participated in Absorbtion/Consolidation/Merger: acquired from Silicon Valley Bridge Bank, National Association.
Questions and identifiers
What were the total assets of First-Citizens Bank & Trust Company?
First-Citizens Bank & Trust Company reported $236.3 bn at in its Call Report. That makes First-Citizens Bank & Trust Company the 19th largest of 497 banks in our US coverage.
Is First-Citizens Bank & Trust Company the same as its holding company?
No. This page covers First-Citizens Bank & Trust Company, FDIC certificate 11063; FIRST CITIZENS BANCSHARES INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is First-Citizens Bank & Trust Company profitable?
First-Citizens Bank & Trust Company reported net income of $1.2 bn for the year to ; annualized return on equity: 10.29%. So yes: First-Citizens Bank & Trust Company made a profit over these months.
When is data for First-Citizens Bank & Trust Company next updated?
Figures from First-Citizens Bank & Trust Company for are due after .
Where can I check the figures for First-Citizens Bank & Trust Company?
In the FDIC BankFind Suite record for certificate 11063, and in the Call Reports of First-Citizens Bank & Trust Company (RSSD ID 491224) at the FFIEC Central Data Repository.