Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 367

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 367
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 $7 million in the fair value of marketable equity securities was due to higher market prices for the underlying securities.

73

Noninterest Expense

Table 12Noninterest Expenses

dollars in millionsThree Months EndedIncrease (Decrease) from Linked QuarterNine Months EndedIncrease (Decrease)Year to DateSeptember 30, 2025June 30, 2025September 30, 2024September 30, 2025September 30, 2024Depreciation on operating lease equipment$98 $100 $99 $(2)(1)%$296 $293 $3 1 %Maintenance and other operating lease expenses67 55 59 12 20 180 164 16 10 Personnel cost817 810 788 7 1 2,445 2,277 168 7 Net occupancy expense58 61 62 (3)(6)177 182 (5)(3)Equipment expense137 131 128 6 4 404 368 36 10 Professional fees26 30 42 (4)(12)81 91 (10)(10)Third-party processing fees67 63 55 4 6 193 173 20 12 FDIC insurance expense38 38 31 — — 114 105 9 8 Marketing expense33 32 20 1 2 97 52 45 86 Acquisition-related expenses28 38 46 (10)(27)108 148 (40)(27)Intangible asset amortization13 13 15 — — 41 47 (6)(14)Other noninterest expense109 129 111 (20)(15)348 318 30 9 Total noninterest expense$1,491 $1,500 $1,456 $(9)(1)%$4,484 $4,218 $266 6 %

Noninterest expense for the current quarter was $1.49 billion, a decrease of $9 million or 1%, from $1.50 billion for the linked quarter as further discussed below:

•The decrease in other noninterest expense of $20 million was mainly due to the linked quarter including accruals for $15 million resulting from a vendor dispute and an increase in litigation reserves. 

•The decrease in acquisition-related expenses