Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 365

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 365
---
$(30)(18)%$302 $407 $(105)(26)%PPNR (1)$238 $246 $318 $(8)(4)%$484 $609 $(125)(21)%Select Period End BalancesLoans and leases$37,529 $37,818 $39,117 $(289)(1)%$37,529 $39,117 $(1,588)(4)%Deposits37,798 37,020 35,773 778 2 37,798 35,773 2,025 6 

(1)    PPNR is a non-GAAP measure. Refer to the “Non-GAAP Financial Measurements” section of this MD&A for a reconciliation from the most comparable GAAP measure to the non-GAAP measure.

SVB Commercial segment net income for the Current Quarter decreased $30 million compared to the Linked Quarter, mainly due to higher provision for credit losses, partially offset by lower income tax expense. 

•The $32 million increase in the provision for credit losses was largely due to higher specific reserves for individually evaluated credits in the investor dependent loan class, 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. 

•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