Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 236

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 236
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 other operating lease expenses— — — 222 — 222 Personnel cost725 194 401 22 1,294 2,636 Acquisition-related expenses— — — — 470 470 All other noninterest expense (3)1,114 450 883 45 (856)1,636 Total noninterest expense1,839 824 1,284 480 908 5,335 Provision for credit losses77 517 65 — 716 1,375 Income before income taxes1,190 234 728 122 9,803 12,077 Income tax expense319 69 184 32 7 611 Net income$871 $165 $544 $90 $9,796 $11,466 Select Period End BalancesLoans and leases$62,832 $30,936 $39,511 $23 $— $133,302 Operating lease equipment, net— 780 — 7,966 — 8,746 Deposits68,729 3,228 34,730 13 39,154 145,854 (1) Corporate includes all other financial information that is not included in the reportable segments as further discussed above and in Note 1—Significant Accounting Policies and Basis of Presentation.(2) In the segment reporting table above, there are no reconciling differences between BancShares and the aggregate of all reportable segments and Corporate. (3) All other noninterest expense represents “other segment items” under ASC 280 and primarily includes Allocated Expenses, net occupancy expense, equipment expense, professional fees, third-party processing fees, FDIC insurance expense, marketing expense, and intangible amortization. All other noninterest expense is presented net of Allocated Expenses in the segment reporting table above, resulting in Contra Expense for Corporate as further discussed above.

181

dollars in millionsYear Ended December 31, 2022General BankCommercial BankSVB CommercialRailCorporate (1)BancShares (2)Net interest income (expense)$1,830 $884 $— $(80)$312 $2,946 Rental income on operating lease equipment— 212 — 652 — 864 All other noninterest income483 306 — 4 479 1,272 Total noninterest income483