Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 393

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 393
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 and $113 million compared to December 31, 2024 and March 31, 2025, respectively, mainly due to one individually evaluated nonaccrual credit in the commercial and industrial loan class (and the SVB Commercial segment).

OREO and repossessed assets were $103 million at June 30, 2025 compared to $64 million at December 31, 2024 and $105 million at March 31, 2025. The increase of $39 million compared to December 31, 2024 mainly reflects additional foreclosed CRE properties.

Delinquencies

Accruing loans 30 days or more past due were 0.52% of total loans at June 30, 2025, compared to 0.54% at December 31, 2024 and  0.73% at March 31, 2025. Delinquency status by loan class is presented in Note 4—Loans and Leases.  

92

CRE Portfolio

Our CRE portfolio is diversified across various property types. The following table provides an overview of the property type exposures within our CRE portfolio: 

Table 39

Commercial Real Estate Portfolio (1)

dollars in millionsJune 30, 2025Balance% to TotalLoans and LeasesMulti-Family$5,151 3.65 %Medical Office3,829 2.71 Industrial/Warehouse3,697 2.62 General Office2,218 1.57 Retail1,714 1.21 Healthcare1,330 0.94 Hotel/Motel867 0.61 Other4,733 3.35 Total$23,539 16.66 %

(1) The definition of CRE in this table is aligned with the Federal Reserve and FDIC guidance on CRE and includes the following: construction loans, loans where the primary repayment is from third party rental income, and loans not secured by real estate but for the purpose of real estate. This table excludes the owner occupied commercial mortgage loan class.

Evolving macroeconomic and social conditions (including the shift to more hybrid work arrangements) may result in changes for General Office demand moving forward. Our General Office portfolio has experienced more negative credit quality trends relative to our other CRE portfolios. Select metrics for our General Office portfolio are summarized in the following table:

Table 40

Select General Office Loan Metrics

dollars in millionsJune 30, 2025March 31