Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 201

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 201
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11 Total noninterest expense582 580 553 2 — 1,727 1,582 145 9 Provision for credit losses1 13 55 (12)(90)60 113 (53)(47)Income before income taxes429 395 301 34 8 1,165 925 240 26 Income tax expense109 101 99 8 7 298 270 28 10 Net income$320 $294 $202 $26 9 $867 $655 $212 32 Pre-provision net revenue (“PPNR”) (1)$430 $408 $356 $22 5 %$1,225 $1,038 $187 18 %Select Period End BalancesLoans and leases$65,225 $64,987 $64,254 $238 — %$65,225 $64,254 $971 2 %Deposits74,596 73,499 71,898 1,097 1 74,596 71,898 2,698 4 

(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 $26 million compared to the linked quarter, primarily due to higher NII and lower provision for credit losses. 

•The $22 million increase in NII was largely due to a lower rate paid on interest-bearing deposits, along with a higher loan yield, and the impact of loan growth. 

•The $12 million decrease in provision for credit losses reflected a reserve release, largely in residential mortgage and credit card loans. 

General Bank segment loans were $65.23 billion at September 30, 2025, an increase of $238 million compared to $64.99 billion at June 30, 2025, as growth was spread amongst various portfolios.

General Bank segment deposits were $74.60 billion at September 30, 2025, an increase of $1.10 billion compared to $73.50 billion at June 30, 2025, as growth was primarily concentrated in our Branch Network and Wealth. Deposit growth was in money market and