Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 69

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 69
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262 2,777 Total$43,144 $26,619 $43,244 $113,007 

94

Consumer Loan Concentrations

Loan concentrations may exist when multiple borrowers could be similarly impacted by economic or other conditions. The following table summarizes state concentrations greater than 5.0% based on customer address:

Table 44

Consumer Loans - Geography

dollars in millionsJune 30, 2025March 31, 2025December 31, 2024StateCalifornia$8,335 29.5 %$8,450 30.0 %$8,655 30.7 %North Carolina7,067 25.0 6,965 24.7 6,923 24.5 South Carolina3,660 12.9 3,618 12.9 3,607 12.8 Massachusetts1,644 5.8 1,678 6.0 1,692 6.0 Other states7,556 26.8 7,436 26.4 7,351 26.0 Total $28,262 100.0 %$28,147 100.0 %$28,228 100.0 %

Market Risk

Interest rate risk management 

BancShares is exposed to the risk that changes in market conditions may affect interest rates and negatively impact earnings. The risk arises from the nature of BancShares’ business activities, the composition of BancShares’ balance sheet, and changes in the level or shape of the yield curve. BancShares manages this inherent risk strategically based on prescribed guidelines and approved limits.

Interest rate risk can arise from many of BancShares’ business activities, such as lending, leasing, investing, deposit taking, derivatives, and funding activities. We evaluate and monitor interest rate risk primarily through two metrics.

•Net Interest Income Sensitivity (“NII Sensitivity”) measures the net impact of hypothetical changes in interest rates on forecasted NII; and

•Economic Value of Equity (“EVE”) Sensitivity (“EVE Sensitivity”) measures the net impact of these hypothetical changes on the value of equity by assessing the economic value of assets, liabilities and off-balance sheet instruments.

BancShares uses a holistic process to measure and monitor both short term and long term risks, which includes, but is not limited to, gradual and immediate parallel rate shocks, changes in the shape of the