Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 62

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 62
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 losses138 10 148 Charge-offs(159)(8)(167)Recoveries20 3 23 Balance at end of period$1,517 $163 $1,680 Net charge-off ratio0.41 %Net charge-offs$139 $5 $144 Average loans$140,780 Percent of loans in each category to total loans80 %20 %100 %Three Months Ended June 30, 2024CommercialConsumerTotalBalance at beginning of period$1,582 $155 $1,737 Provision for loan and lease losses94 1 95 Charge-offs(153)(6)(159)Recoveries24 3 27 Balance at end of period$1,547 $153 $1,700 Net charge-off ratio0.38 %Net charge-offs$129 $3 $132 Average loans$137,426 Percent of loans in each category to total loans80 %20 %100 %

The ALLL at June 30, 2025 was $1.67 billion, representing a decrease of $8 million compared to March 31, 2025, primarily due to decreases related to Hurricane Helene, other credit quality improvements, and a modest shift in our weighting from the downside to baseline economic scenario as further discussed in the “ALLL Methodology” section of this MD&A, partially offset by higher specific reserves for individually evaluated loans. 

Net charge-offs for the Current Quarter were $119 million, a decrease of $25 million from $144 million for the Linked Quarter, mainly due to lower net charge-offs in investor dependent and non-owner occupied commercial mortgage loan classes, partially offset by higher net charge-offs in the commercial and industrial loan class.

90

Table 35

ALLL for Loans and Leases

dollars in millionsSix Months Ended June 30, 2025Six Months Ended June 30, 2024CommercialConsumerTotalCommercialConsumerTotalBalance at beginning of period$1,518 $158 $1,676 $1,581 $166 $1,747 Provision (benefit) for loan and lease losses249 10 259 193 (5)188 Charge-offs(296)(15)(311)(274)(13)(287)Recoveries41 7 48 47 5 52 Balance at end of period$1,512