Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 201

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 201
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 including Allocated Expenses. Refer to the “Noninterest Expense” discussion in the “Results of Operations” section of this MD&A for further information regarding trends in consolidated noninterest expense.

•The $36 million increase in provision for credit losses primarily reflected an increase in the provision for off-balance sheet credit exposure, mostly due to trends in the volume of unfunded commitments (which declined in the Prior YTD), partially offset by lower net charge-offs 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. 

76

•The $56 million decrease in income tax expense reflected the decrease in income before income taxes.

Rail 

Table 18

Rail: Financial Data

dollars in millionsThree Months EndedIncrease (Decrease) from Linked QuarterSix Months EndedIncrease (Decrease)Year to DateEarnings SummaryJune 30, 2025March 31, 2025June 30, 2024June 30, 2025June 30, 2024Net interest income (expense)$(53)$(52)$(45)$1 4 %$(105)$(88)$(17)19 %Noninterest IncomeRental income on operating lease equipment218 214 201 4 2 432 399 33 8 Less: depreciation on operating lease equipment56 54 50 2 1 110 100 10 9 Less: maintenance and other operating lease expenses55 58 60 (3)(3)113 105 8 8 Net rental income on operating lease equipment (1)107 102 91 5 5 209 194 15 8 All other noninterest income3 2 2 1 56 5 6 (1)(6)Total noninterest income (2)221 216 203 5 2 437 405 32 8 Noninterest income, net of depreciation and maintenance (1)110 104 93 6 6 214 200 14 7 Total revenue168 164 158 4 2 332 317 15 5 Revenue, net of depreciation and maintenance (1)57 52 48 5 10 109 112 (3)(3)Noninterest ExpensePersonnel cost6 8 6 (2)(23)14 14 — — All