Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 363

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 363
---
)(14)%Select Period End BalancesLoans and leases$38,691 $38,631 $36,835 $60 — %$38,691 $36,835 $1,856 5 %Operating lease equipment, net750 731 767 19 3 750 767 (17)(2)Deposits2,899 2,994 3,294 (95)(3)2,899 3,294 (395)(12)

(1)    Net rental income on operating lease equipment; noninterest income, net of depreciation; revenue, net of depreciation; noninterest expense, net of depreciation; and PPNR are non-GAAP measures. 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. 

(2) Total noninterest income includes rental income on operating lease equipment and all other noninterest income. 

(3) Total noninterest expense includes depreciation on operating lease equipment. 

Commercial Bank segment net income for the Current Quarter increased $59 million compared to the Linked Quarter, mostly due to lower provision for credit losses and higher noninterest income, partially offset by higher income tax expense. 

•The $38 million decrease in provision for credit losses was mainly due to lower net charge-offs compared to the Linked Quarter 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 $29 million increase in all other noninterest income was mainly attributable to the positive impacts from fair value changes in customer derivative positions, higher lending-related fees and other non-marketable investments, as well as the Linked Quarter write-down of a held for sale asset. 

•The $20 million increase in income tax expense reflected higher income before income taxes.

Commercial Bank segment loans were $38.69 billion at June 30, 2025, an increase of $60 million compared to $38.63 billion at March 31, 2025, primarily due to growth in the real estate finance and equipment finance portfolios. 

Commercial Bank segment deposits were $2.90 billion at June 30, 2025, a decrease of $95 million from $2.99 billion at March 31, 2025, mostly due to a decline in checking with interest. 

Commercial Bank segment net income