Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 38

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 38
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 to baseline economic scenario as further discussed in the “ALLL Methodology” section of this MD&A. 

•The $10 million decrease in income tax expense reflected the decrease in income before income taxes.

SVB Commercial segment loans were $37.53 billion at June 30, 2025, a decrease of $289 million compared to $37.82 billion at March 31, 2025, mostly related to declines in Tech and Healthcare Banking loans, partially offset by growth in Global Fund Banking.

SVB Commercial segment deposits were $37.80 billion at June 30, 2025, an increase of $778 million compared to $37.02 billion at March 31, 2025, mainly due to deposit growth in Global Fund Banking and Tech & Healthcare.

SVB Commercial segment net income for the Current YTD decreased $105 million compared to the Prior YTD, mainly due to lower NII, higher all other noninterest expense, and higher provision for credit losses, partially offset by lower income tax expense. 

•The $93 million decrease in NII was largely due to lower loan yields, partially offset by a lower rate paid on interest-bearing deposits. 

•The $44 million net increase in all other noninterest expenses is spread amongst various accounts, including Allocated Expenses. Refer to the “Noninterest Expense” discussion in the “Results of Operations” section of this MD&A for further information regarding trends in consolidated noninterest expense.

•The $36 million increase in provision for credit losses primarily reflected an increase in the provision for off-balance sheet credit exposure, mostly due to trends in the volume of unfunded commitments (which declined in the Prior YTD), partially offset by lower net charge-offs 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. 

76

•The $56 million decrease in income tax expense reflected the decrease in income before income taxes.

Rail 

Table 18

Rail: 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 (expense)$(53)$(52)$(45)$1 4 %$(105)$(88)