Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 394

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 394
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, 2025December 31, 2024% of total loans and leases1.57  %1.68  %1.77  %% of CRE loans9.42  %10.16  %10.81  %Average loan balance$2 $2 $2 Net charge-offs (YTD annualized %)4.09  %4.77  %3.95  %Delinquencies as a % of General Office loans6.59  %11.08  %10.92  %Non-performing loans as a % of General Office loans9.03  %10.87  %12.10  %ALLL ratio4.59  %4.35  %4.59  %

Concentration Risk

We strive to minimize the risks associated with large concentrations within specific geographic areas, collateral types or industries. Despite our focus on diversification, several characteristics of our loan portfolio subject us to risk, such as our concentrations of real estate secured loans, revolving mortgage loans and healthcare-related loans. Additionally, commercial loans may be concentrated in loans with large balances and loans in certain industries and customer groups, including private equity and venture capital.

Loan concentration data regarding our commercial and consumer loan portfolios is summarized below. 

Commercial Loan Concentrations

Current Quarter changes to loan classes are discussed above under “Recent Events—2025 Loan Class Changes” and in Note 1—Significant Accounting Policies and Basis of Presentation. Concentration disclosures for the Linked Quarter and at December 31, 2024 included in this Form 10-Q were recast to reflect the 2025 Loan Class Changes.

93

Geographic Concentrations 

The following table summarizes state concentrations of 5.0% or greater of our loans. Data is based on obligor location.

Table 41

Commercial Loans and Leases - Geography 

dollars in millionsJune 30, 2025March 31, 2025December 31, 2024StateCalifornia$25,874 22.9 %$25,304 22.4 %$24,491 21.9 %North Carolina11,051 9.8 10,974 9.7 10,985 9.8 New York10,470 9.3 9,891 8.7 10,202 9.1 Texas8,