Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 43

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 43
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The $13 million increase in noninterest income was largely due to a favorable change in the fair value of marketable equity securities.

•The $13 million net decrease in all other noninterest expenses is spread amongst various accounts, including Allocated Expenses. 

Corporate deposits were $45.74 billion at June 30, 2025, an increase of $746 million compared to $44.99 billion at March 31, 2025, mainly due to growth in the Direct Bank. Total deposits in Corporate primarily include $45.11 billion of Direct Bank deposits, with the remaining balance consisting of brokered and other deposits. 

Corporate net income for the Current YTD decreased $270 million compared to the Prior YTD, primarily reflecting lower NII and higher personnel cost, partially offset by lower all other noninterest expense, acquisition-related expenses and income tax expense. 

•The $349 million decrease in NII was mainly due to the unfavorable impacts of a lower average balance of interest-earning deposits at banks, a higher average balance of interest-bearing deposits and lower loan PAA, partially offset by the favorable impacts of a higher average balance of investment securities and a lower rate paid on interest-bearing deposits.

•The $121 million increase in personnel cost was mainly due to annual merit increases and promotions, as well as net staff additions.

•The $22 million decrease in acquisition-related expenses is discussed in the “Noninterest Expense” section of this MD&A. 

•The $75 million net decrease 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 $115 million decrease in income tax expense reflected lower income before income taxes.

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BALANCE SHEET ANALYSIS

The following discussion provides additional information about the major components of our balance sheet. Information regarding our ALLL is included in the “Risk Management—Credit Risk—ALLL Methodology” section of this MD&A and in Note 5—Allowance for Loan and Lease Losses. Information regarding our capital and regulatory capital is included in the “Capital” section of this MD&A.

Interest-earning Assets

Interest-earning assets include interest-earning deposits at banks, securities purchased under agreements to resell, investment securities, loans held for sale, and loans and leases, all of which reflect varying interest