First Citizens Bancsharesreason 03 of 4it owns a thing that cannot be built or permitted twicederived 2026-09-14accession 0000798941-26-000031
FCNCA's liquidity cushion—nearly a quarter of assets in high-quality liquid form—and an all-digital Direct Bank that can scale deposit-gathering nationally insulate the bank from the funding stress that felled SVB. The improving deposit-to-funding mix and declining uninsured-deposit ratio reduce run risk relative to peers still dependent on wholesale or concentrated uninsured balances.
the thesis · admitted · the reason above is the thesis, not printed twice
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedfour sentences · whole, uncut
the claims it rests on
“At June 30, 2026 we had $59.14 billion of high-quality liquid assets (25.0% of total assets) and $30.52 billion of contingent liquidity sources available”
“Deposits represented 84.3% of total funding at June 30, 2026 compared to 81.8% at December 31, 2025”
“Corporate deposits primarily included $48.22 billion of Direct Bank deposits, the vast majority of which are savings”
“We estimate total uninsured deposits were $65.06 billion, which represented 37.5% of total deposits at June 30, 2026, compared to 38.3% at December 31, 2025”