Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 425

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 425
---
5General BankCommercial BankSVB CommercialRailCorporateTotal BancSharesNet income (GAAP)$294 $102 $136 $19 $24 $575 Plus: provision for credit losses13 47 55 — — 115 Plus: income tax expense (benefit)101 35 47 6 (6)183 PPNR (non-GAAP)$408 $184 $238 $25 $18 $873 Three Months Ended September 30, 2024General BankCommercial BankSVB CommercialRailCorporateTotal BancSharesNet income (GAAP)$202 $124 $187 $20 $106 $639 Plus: provision for credit losses55 11 51 — — 117 Plus: income tax expense99 41 75 8 11 234 PPNR (non-GAAP)$356 $176 $313 $28 $117 $990 Nine Months Ended September 30, 2025General BankCommercial BankSVB CommercialRailCorporateTotal BancSharesNet income (GAAP)$867 $163 $477 $58 $61 $1,626 Plus: provision for credit losses60 300 100 — — 460 Plus: income tax expense (benefit)298 56 162 19 (1)534 PPNR (non-GAAP)$1,225 $519 $739 $77 $60 $2,620 Nine Months Ended September 30, 2024General BankCommercial BankSVB CommercialRailCorporateTotal BancSharesNet income (GAAP)$655 $359 $594 $70 $399 $2,077 Plus: provision for credit losses113 70 93 — — 276 Plus: income tax expense270 127 235 27 120 779 PPNR (non-GAAP)$1,038 $556 $922 $97 $519 $3,132 

107

Net Rental Income on Operating Lease Equipment for Commercial Bank and Rail Segments

Net rental income on operating lease equipment is a non-GAAP measure calculated as rental income on operating lease equipment less depreciation on operating lease equipment, as well as maintenance and other operating lease expenses, if any. Presentation of net rental income for the Commercial Bank and Rail segments also results in the noninterest income, noninterest expense,