Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 360

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 360
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Year to DateEarnings SummaryJune 30, 2025March 31, 2025June 30, 2024June 30, 2025June 30, 2024Net interest income$824 $788 $730 $36 5 %$1,612 $1,414 $198 14 %Total noninterest income164 164 152 — — 328 297 31 11 Total revenue988 952 882 36 4 1,940 1,711 229 13 Personnel cost210 214 185 (4)(1)424 392 32 8 All other noninterest expense370 351 316 19 5 721 637 84 13 Total noninterest expense580 565 501 15 3 1,145 1,029 116 11 Provision for credit losses13 46 37 (33)(73)59 58 1 4 Income before income taxes395 341 344 54 16 736 624 112 18 Income tax expense101 88 92 13 15 189 171 18 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