Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 380

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 380
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Net interest income$147 $135 $219 $12 9 %$423 $844 $(421)(50)%Total noninterest income22 11 21 11 117 31 42 (11)(26)Total revenue169 146 240 23 17 454 886 (432)(49)Personnel cost418 415 390 3 1 1,243 1,094 149 14 Acquisition-related expenses28 38 46 (10)(27)108 148 (40)(27)All other noninterest expense(320)(325)(313)5 2 (957)(875)(82)9 Total noninterest expense126 128 123 (2)— 394 367 27 8 Provision for credit losses— — — — — — — — — Income before income taxes43 18 117 25 146 60 519 (459)(88)Income tax expense (benefit)5 (6)11 11 176 (1)120 (121)(101)Net income$38 $24 $106 $14 60 %$61 $399 $(338)(85)%PPNR (1)$43 $18 $117 $25 145 %$60 $519 $(459)(88)%Select Period End BalancesDeposits45,723 45,736 40,692 (13)— 45,723 40,692 5,031 12 

(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.

Corporate net income increased $14 million compared to the linked quarter, mainly due to higher NII and noninterest income, as well as lower acquisition-related costs, partially offset by higher income tax expense. 

•The $12 million increase in NII reflected higher interest income on investment securities and interest-earning deposits at banks, partially offset by higher interest expense on deposits, and lower loan PAA. 

•The $11 million increase in noninterest income was largely due to favorable changes in the fair value of marketable equity securities.

•The $10 million decrease in acquisition-related expenses is presented in Table