Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 174

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 174
---
 increase of $4.71 billion or 3% from $155.23 billion at December 31, 2024. As shown in Table 3 below, the increase from December 31, 2024 was mainly attributable to deposit growth in Corporate of $3.51 billion (which primarily includes the Direct Bank), the SVB Commercial segment of $1.27 billion, and the General Bank segment of $543 million, partially offset by a decline of $603 million in the Commercial Bank segment.  

•Borrowings at June 30, 2025 were $38.11 billion, an increase of $1.06 billion or 3% from $37.05 billion at December 31, 2024, primarily due to the Linked Quarter Debt Issuances with aggregate principal amounts totaling $1.25 billion, partially offset by the $350 million Current Quarter Debt Redemption.  

•The ALLL at June 30, 2025 was $1.67 billion, a decrease of $4 million from $1.68 billion at December 31, 2024 as discussed above in the Second Quarter and Year-to-Date Income Statement Highlights. The ALLL as a percentage of loans was 1.18% at June 30, 2025, a decrease of 2 bps from 1.20% at December 31, 2024.

•At June 30, 2025, BancShares remained well capitalized with a total risk-based capital ratio of 14.25%, a Tier 1 risk-based capital ratio of 12.63%, a common equity Tier 1 (“CET1”) ratio of 12.12% and a Tier 1 leverage ratio of 9.62%.

Funding, Liquidity and Capital Overview

Deposit Composition and Trends

We fund our business primarily through deposits. Deposits represented approximately 81% of total funding at June 30, 2025. The following table summarizes the composition, average size and uninsured percentages of our deposits:

Table 2

Select Deposit Data

Deposits as of June 30, 2025Ending Balance (in millions)Average Size     (in thousands)Uninsured %General Bank segment$73,499 $3635 %Commercial Bank segment2,899 60380SVB Commercial segment37,798 53368Corporate and Rail segment(1)45,739 599Total$