Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 32

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 32
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 further discussed in Note 1—Significant Accounting Policies and Basis of Presentation and briefly summarized in the “Recent Events” section earlier in this MD&A. Segment disclosures for 2024 periods included in this Form 10-Q were recast to reflect the changes.

BancShares’ segments include the General Bank, the Commercial Bank, SVB Commercial, and Rail. All other financial information not included in the segments is reported in the Corporate section of the segment disclosures. Certain noninterest expenses are directly incurred by a segment, while others are not. Noninterest expenses not directly incurred by a segment are included in Corporate unless allocated to a segment (“Allocated Expenses”). Under our segment expense allocation methodology, Allocated Expenses increase noninterest expense of the applicable segment(s), with an offsetting decrease to Corporate noninterest expense. “All other noninterest expense” in the segment reporting tables below includes the effect of Allocated Expenses, resulting in a reduction to expense (or “Contra Expense”) for Corporate. 

Refer to Note 17—Segment Information for descriptions of segment products and services.

73

General Bank

Table 15

General Bank: Financial Data

dollars in millionsThree Months EndedIncrease (Decrease) from Linked QuarterSix Months EndedIncrease (Decrease)Year to DateEarnings SummaryJune 30, 2025March 31, 2025June 30, 2024June 30, 2025June 30, 2024Net interest income$824 $788 $730 $36 5 %$1,612 $1,414 $198 14 %Total noninterest income164 164 152 — — 328 297 31 11 Total revenue988 952 882 36 4 1,940 1,711 229 13 Personnel cost210 214 185 (4)(1)424 392 32 8 All other noninterest expense370 351 316 19 5 721 637 84 13 Total noninterest expense580 565 501 15 3 1,145 1,029 116 11 Provision for credit losses13 46 37 (33)(73)59 58 1 4 Income before income taxes395 341 344 54 16 736 624 112 18 Income tax expense101 88 92 13 15 189 171 18