Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 339

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 2
Chunk 339
---
, SVB portfolio loans are concentrated in loans with large balances and loans in certain industries and customer groups, including private equity and venture capital.

Loan concentration data regarding our commercial, consumer, and SVB loan portfolios is summarized below.

Commercial Loan Concentrations

Geographic Concentrations 

The following table summarizes state concentrations of 5.0% or greater of our loans. Data is based on obligor location.

Table 37

Commercial Loans and Leases - Geography 

dollars in millionsMarch 31, 2025December 31, 2024StateCalifornia$15,334 21.2 %$15,119 21.1 %North Carolina10,643 14.7 10,709 14.9 Texas4,570 6.3 4,487 6.3 Florida4,367 6.0 4,314 6.0 South Carolina3,651 5.0 3,733 5.2 All other states32,096 44.2 31,695 44.1 Total U.S.$70,661 97.4 %$70,057 97.6 %Total International1,879 2.6 1,742 2.4 Total$72,540 100.0 %$71,799 100.0 %

Industry Concentrations

The following table represents loans by industry of obligor:

Table 38

Commercial Loans and Leases - Industry 

dollars in millionsMarch 31, 2025December 31, 2024Real Estate$18,198 25.1 %$17,898 24.9 %Healthcare10,178 14.0 10,247 14.3 Business Services8,294 11.5 8,173 11.4 Transportation, Communication, Gas, Utilities5,946 8.2 5,928 8.3 Manufacturing5,904 8.1 5,966 8.3 Service Industries4,135 5.7 4,124 5.7 Retail3,934 5.4 3,740 5.2 Wholesale3,299 4.6 3,252 4.5 Finance and Insurance3,059 4.2 3,051 4.3 Other9,593 13.