ADDED
On February 13, 2026, there were 10,931,991 outstanding shares of the Registrant s Class A Common Stock and 1,005,185 outstanding shares of the Registrant s Class B Common Stock.
HLBVM Hypothetical Liquidation at Book Value Method TMT Technology Media and Telecommunications HPI Home Price Index UPB Unpaid Principal Balance HQLS High-Quality Liquid Securities VIE Variable Interest Entities 3 PART I FINANCIAL INFORMATION Item 1.
BancShares has expanded through de novo branching and acquisitions and as of December 31, 2025, operates an extensive network of branches and offices, predominantly located in the Southeast, Mid-Atlantic, Midwest, and Western United States, providing a broad range of financial services to individuals, businesses and professionals.
At December 31, 2025, BancShares had total consolidated assets of $229.70 billion.
BancShares offers deposit products, loans, and wealth management and private banking services to consumer clients.
BancShares provides lending, leasing, capital markets and other financial and advisory services, to small and middle-market companies across a variety of industries.
Additionally, BancShares provides a full suite of financial products and services to private equity firms, venture capital firms, and commercial clients in innovation markets, such as technology, life sciences and healthcare industries.
BancShares also provides deposit, cash management and lending to homeowner associations and property management companies and owns a fleet of railcars and locomotives that are leased to railroads and shippers.
( FCAM ), First Citizens Delaware Trust Company, and a non-bank subsidiary, First Citizens Capital Securities, LLC ( FCCS ).
On October 16, 2025, FCB announced that it had entered into an agreement to consummate the acquisition of 138 branches from BMO Bank N.A.
REMOVED
On February 14, 2025, there were 12,572,063 outstanding shares of the Registrant s Class A Common Stock and 1,005,185 outstanding shares of the Registrant s Class B Common Stock.
GAAP United States Generally Accepted Accounting Principles TMT Technology Media and Telecommunications HQLS High-Quality Liquid Securities UPB Unpaid Principal Balance ISDA International Swaps and Derivatives Association UTB Unrecognized Tax Benefit LGD Loss Given Default VIE Variable Interest Entity 3 PART I FINANCIAL INFORMATION Item 1.
BancShares has expanded through de novo branching and acquisitions and as of December 31, 2024, operates a network of more than 500 branches and offices nationwide, predominantly located in the Southeast, Mid-Atlantic, Midwest, and Western United States, providing a broad range of financial services to individuals, businesses and professionals.
At December 31, 2024, BancShares had total consolidated assets of $223.72 billion.
This includes retail and mortgage banking, wealth management, small and middle market banking, factoring and leasing.
BancShares provides commercial factoring, receivables management and secured financing services to businesses (generally manufacturers or importers of goods) that operate in various industries, including apparel, textile, furniture, home furnishings and consumer electronics.
BancShares also provides deposit, cash management and lending to homeowner associations and property management companies.
BancShares also owns a fleet of railcars and locomotives that are leased to railroads and shippers.
Refer to the Segments section below for more information on markets we serve and products and services we offer.
( FCAM ), and a non-bank subsidiary First Citizens Capital Securities, LLC ( FCCS ).