Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 412

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 412
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AAP)$408 $184 $238 $25 $18 $873 Three Months Ended March 31, 2025General BankCommercial BankSVB CommercialRailCorporateTotal BancSharesNet income (GAAP)$253 $43 $166 $22 $(1)$483 Plus: provision for credit losses46 85 23 — — 154 Plus: income tax expense (benefit)88 15 57 8 — 168 PPNR (non-GAAP)$387 $143 $246 $30 $(1)$805 Three Months Ended June 30, 2024General BankCommercial BankSVB CommercialRailCorporateTotal BancSharesNet income (GAAP)$252 $117 $214 $19 $105 $707 Plus: provision for credit losses37 39 19 — — 95 Plus: income tax expense92 44 85 8 43 272 PPNR (non-GAAP)$381 $200 $318 $27 $148 $1,074 Six Months Ended June 30, 2025General BankCommercial BankSVB CommercialRailCorporateTotal BancSharesNet income (GAAP)$547 $145 $302 $41 $23 $1,058 Plus: provision for credit losses59 132 78 — — 269 Plus: income tax expense (benefit)189 50 104 14 (6)351 PPNR (non-GAAP)$795 $327 $484 $55 $17 $1,678 Six Months Ended June 30, 2024General BankCommercial BankSVB CommercialRailCorporateTotal BancSharesNet income (GAAP)$453 $235 $407 $50 $293 $1,438 Plus: provision for credit losses58 59 42 — — 159 Plus: income tax expense171 86 160 19 109 545 PPNR (non-GAAP)$682 $380 $609 $69 $402 $2,142 

104

Net Rental Income on Operating Lease Equipment for Commercial Bank and Rail Segments

Net rental income on operating lease equipment is a non-GAAP measure calculated as rental income on operating lease equipment less depreciation on operating lease equipment, as well as maintenance and other operating lease expenses, if any. Presentation