Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 12

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 12
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 Quarter and Year-to-Date Income Statement Highlights. The ALLL as a percentage of loans was 1.18% at June 30, 2025, a decrease of 2 bps from 1.20% at December 31, 2024.

•At June 30, 2025, BancShares remained well capitalized with a total risk-based capital ratio of 14.25%, a Tier 1 risk-based capital ratio of 12.63%, a common equity Tier 1 (“CET1”) ratio of 12.12% and a Tier 1 leverage ratio of 9.62%.

Funding, Liquidity and Capital Overview

Deposit Composition and Trends

We fund our business primarily through deposits. Deposits represented approximately 81% of total funding at June 30, 2025. The following table summarizes the composition, average size and uninsured percentages of our deposits:

Table 2

Select Deposit Data

Deposits as of June 30, 2025Ending Balance (in millions)Average Size     (in thousands)Uninsured %General Bank segment$73,499 $3635 %Commercial Bank segment2,899 60380SVB Commercial segment37,798 53368Corporate and Rail segment(1)45,739 599Total$159,935 5536

(1) The average size is reflective of the Direct Bank deposits and excludes brokered deposits and rail.

The General Bank segment mainly includes deposits in our Branch Network, which deploys a relationship-based approach to deposit gathering. The Commercial Bank segment includes deposits of commercial customers, and the SVB Commercial segment includes deposits related to its commercial customer base. Deposits in Corporate mainly included $45.11 billion in our Direct Bank, with the balance including brokered and other deposits. 

As displayed in the table above, the average size of deposits varies across our business segments. The uninsured percentage is the percentage of uninsured deposits to total deposits at period end for the respective segments and Corporate. Total uninsured deposits were approximately $57.80 billion or 36% of total deposits at June 30, 2025 and $59.51 billion or 38% at December 31, 2024. 

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Table 3

Deposit Trends

dollars in millionsDeposit BalanceJune 30, 2025March 31, 2025December 31, 2024General Bank segment$73,499 $74,309 $