Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 36

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 36
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B loans. The increase of $5.57 billion in commercial loans was spread across various industry verticals such as TMT and healthcare, due to strong loan originations. Growth in our real estate portfolio was mainly in multi-family, partially offset by a decline in general office. The consumer loan growth of $669 million was mostly in residential mortgages, reflecting increased origination activity, partially offset by loan sales which were higher in the Current Year. Within SVB loan classes, the $683 million growth was attributed to the global fund banking portfolio, partially offset by declines in investor dependent loans as loan payments exceeded new originations.  

Refer to the Note 4—Loans and Leases for further information.

The following table presents loans and leases by loan segment and loan class, and the respective proportion to total loans:

Table 24

Loans and Leases 

dollars in millionsDecember 31, 2024December 31, 2023December 31, 2022Balance% to Total LoansBalance% to Total LoansBalance% to Total LoansCommercial:Commercial construction$5,109 4 %$3,918 3 %$2,804 4 %Owner occupied commercial mortgage16,842 12 15,471 12 14,473 20 Non-owner occupied commercial mortgage16,194 12 14,995 11 9,902 14 Commercial and industrial31,640 22 29,794 22 24,105 34 Leases2,014 1 2,054 2 2,171 3 Total commercial$71,799 51 %$66,232 50 %$53,455 75 %Consumer:Residential mortgage$23,152 16 %$22,776 17 %$13,309 19 %Revolving mortgage2,567 2 2,165 2 1,951 3 Consumer auto1,523 1 1,442 1 1,414 2 Consumer other986 1 1,176 1 652 1 Total consumer$28,228 20 %$27,559 21 %$17,326 25 %SVB:Global fund banking$27,904 20 %$25,553 19 %$— — %Investor dependent - early stage997 1 1,403