FCNCP.PFD (First Citizens BancShares) Long-Term Capital Lease Obligation : $376.00 Mil (As of Mar. 2025)

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What is First Citizens BancShares Long-Term Capital Lease Obligation?

First Citizens BancShares's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $376.00 Mil.

First Citizens BancShares's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 ($381.00 Mil) to Dec. 2024 ($372.00 Mil) but then increased from Dec. 2024 ($372.00 Mil) to Mar. 2025 ($376.00 Mil).

First Citizens BancShares's annual Long-Term Capital Lease Obligation increased from Dec. 2022 ($359.00 Mil) to Dec. 2023 ($404.00 Mil) but then declined from Dec. 2023 ($404.00 Mil) to Dec. 2024 ($372.00 Mil).

First Citizens BancShares Long-Term Capital Lease Obligation Historical Data

The historical data trend for First Citizens BancShares's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Citizens BancShares Long-Term Capital Lease Obligation Chart

First Citizens BancShares Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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6.31

4.00

359.00

404.00

372.00

First Citizens BancShares Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															405.00	393.00	381.00	372.00	376.00

First Citizens BancShares (NAS:FCNCP.PFD) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

First Citizens BancShares Long-Term Capital Lease Obligation Related Terms

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First Citizens BancShares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Citizens BancShares Inc (NAS:FCNCP.PFD) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FCNCO.PFD:USA FCNCB:USA FCNCA:USA

Address

4300 Six Forks Road, Raleigh, NC, USA, 27609

Website

https://www.firstcitizens.com

First Citizens BancShares Inc is the bank holding company of First Citizens Bank and Trust Company. The company's segments include the General Bank, the Commercial Bank, SVB Commercial, and Rail. The General Bank segment delivers products and services to consumers and businesses through our extensive network of branches and various digital channels. The Commercial Bank segment provides financial services, including lending, leasing, and advisory, to small and mid-market businesses across various industries. The SVB Commercial provides financial services to innovators, investors, and venture firms. The Rail segment provides tailored leasing and financing for railcars and locomotives across North America. It generates the majority of its revenue from the General Banking segment.