Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 33

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 33
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 10 Net income$294 $253 $252 $41 17 $547 $453 $94 21 Pre-provision net revenue (“PPNR”) (1)$408 $387 $381 $21 5 %$795 $682 $113 17 %Select Period End BalancesLoans and leases$64,987 $64,847 $63,327 $140 — %$64,987 $63,327 $1,660 3 %Deposits73,499 74,309 71,261 (810)(1)73,499 71,261 2,238 3 

(1)    PPNR is a non-GAAP measure. 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.

General Bank segment net income for the Current Quarter increased $41 million compared to the Linked Quarter, primarily due to higher NII and lower provision for credit losses, partially offset by increases in all other noninterest expenses and income tax expense. 

•The $36 million increase in NII was largely due to lower rates paid on interest-bearing deposits and loan growth. 

•The $33 million decrease in provision for credit losses reflected the decreases related to Hurricane Helene and the 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 $19 million net increase in all other noninterest expenses is spread amongst various accounts, 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 $13 million increase in income tax expense reflected higher income before income taxes. 

General Bank segment loans were $64.99 billion at June 30, 2025, an increase of $140 million compared to $64.85 billion at March 31, 2025, largely related to loan growth in Wealth, partially offset by a decline in business and commercial loans in the Branch Network.

General Bank segment deposits were $73.50 billion at June 30, 2025, a decrease of $810 million compared to $74.31 billion at March 31, 2025, mostly related to declines in