Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 40

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 2
Chunk 40
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 commissions on foreign currency exchange transactions, and client investment fees, due to a higher average balance of client funds.

•The $7 million increase in provision for credit losses primarily reflected an increase in net charge-offs, partially offset by a modest shift in our weighting from the downside to baseline economic scenario in the linked quarter as further discussed in the “ALLL Methodology” section of this MD&A.  

•The $73 million decrease in income tax expense reflected the decrease in income before income taxes.

Rail 

Table 18Rail: Financial Data

dollars in millionsThree Months EndedIncrease (Decrease) from Linked QuarterNine Months EndedIncrease (Decrease)Year to DateEarnings SummarySeptember 30, 2025June 30, 2025September 30, 2024September 30, 2025September 30, 2024Net interest income (expense)$(55)$(53)$(48)$2 2 %$(160)$(136)$(24)18 %Noninterest IncomeRental income on operating lease equipment219 218 205 1 1 651 604 47 8 Less: depreciation on operating lease equipment55 56 52 (1)1 165 152 13 8 Less: maintenance and other operating lease expenses67 55 59 12 20 180 164 16 10 Net rental income on operating lease equipment (1)97 107 94 (10)(9)306 288 18 6 All other noninterest income2 3 2 (1)(67)7 8 (1)(20)Total noninterest income (2)221 221 207 — — 658 612 46 7 Noninterest income, net of depreciation and maintenance (1)99 110 96 (11)(10)313 296 17 6 Total revenue166 168 159 (2)(1)498 476 22 4 Revenue, net of depreciation and maintenance (1)44 57 48 (13)(23)153 160 (7)(4)Noninterest ExpensePersonnel cost6 6 6 — — 20 20 — — All other noninterest expense16 26 14 (10)(42)56 43 13 28 Total noninterest expense (3)144 143 131 1 1 421