Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 29

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 29
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 favorable impact from the fair value changes in customer derivative positions, as well as the write-down of a held for sale asset in the Current YTD, partially offset by favorable changes in the fair value of non-marketable equity securities.

71

Noninterest Expense

Table 12

Noninterest Expense

dollars in millionsThree Months EndedIncrease (Decrease) from Linked QuarterSix Months EndedIncrease (Decrease)Year to DateJune 30, 2025March 31, 2025June 30, 2024June 30, 2025June 30, 2024Depreciation on operating lease equipment$100 $98 $98 $2 1 %$198 $194 $4 2 %Maintenance and other operating lease expenses55 58 60 (3)(3)113 105 8 8 Personnel cost810 818 745 (8)(1)1,628 1,489 139 9 Net occupancy expense61 58 58 3 7 119 120 (1)— Equipment expense131 136 126 (5)(4)267 240 27 11 Professional fees30 25 24 5 17 55 49 6 14 Third-party processing fees63 63 58 — 1 126 118 8 7 FDIC insurance expense38 38 33 — — 76 74 2 3 Marketing expense32 32 18 — 1 64 32 32 102 Acquisition-related expenses38 42 44 (4)(10)80 102 (22)(21)Intangible asset amortization13 15 15 (2)(12)28 32 (4)(12)Other noninterest expense129 110 107 19 17 239 207 32 15 Total noninterest expense$1,500 $1,493 $1,386 $7 1 %$2,993 $2,762 $231 8 %

Noninterest expense for the Current Quarter was $1.50 billion, an increase of $7 million or 1%, from $1.49 billion for the Linked Quarter as further discussed below:

•The increase in other noninterest expense of $19 million was mainly due to accruals totaling $15