Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 160

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 160
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 deposits at banks; interest expense for borrowings, Direct Bank deposits, and brokered deposits; as well as funds transfer pricing allocations. Noninterest income includes gains or losses on sales of investment securities, fair value adjustments on marketable equity securities, and income from bank owned life insurance. Personnel cost in Corporate includes the personnel costs not allocated to the operating segments. Corporate includes acquisition-related expenses and certain items related to accounting for business combinations, such as gains on acquisitions, Day 2 Provision for Credit Losses and discount accretion income for certain acquired loans. Corporate also includes the offsetting impacts of Allocated Expenses as discussed above. 

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Segment Results and Select Period End BalancesThe following tables present the condensed income statements by segment and include the significant segment expenses and measure of segment profit or loss. dollars in millionsThree Months Ended September 30, 2025General BankCommercial BankSVB CommercialRailCorporate (1)BancShares (2)Net interest income (expense)$846 $303 $493 $(55)$147 $1,734 Rental income on operating lease equipment— 54 — 219 — 273 All other noninterest income166 101 135 2 22 426 Total noninterest income166 155 135 221 22 699 Total revenue1,012 458 628 166 169 2,433 Depreciation on operating lease equipment— 43 — 55 — 98 Maintenance and other operating lease expenses— — — 67 — 67 Personnel cost213 74 106 6 418 817 Acquisition-related expenses— — — — 28 28 All other noninterest expense (3)369 149 267 16 (320)481 Total noninterest expense582 266 373 144 126 1,491 Provision for credit losses1 168 22 — — 191 Income before income taxes429 24 233 22 43 751 Income tax expense109 6 58 5 5 183 Net income$320 $18 $175 $17 $38 $568 Select Period End BalancesLoans and leases$65,225 $38,841 $40,629 $63 $— $144,758 Operating lease equipment, net— 737 — 8,709