Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 29

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 2
Chunk 29
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 lease equipment$273 $272 $262 $1 — %$815 $776 $39 5 %Lending-related fees67 69 67 (2)(3)202 189 13 7 Deposit fees and service charges61 59 57 2 3 178 172 6 4 Client investment fees58 52 55 6 13 163 159 4 2 Wealth management services57 55 54 2 3 168 157 11 7 International fees34 33 29 1 4 99 86 13 15 Factoring commissions18 18 19 — — 53 55 (2)(3)Cardholder services, net39 41 42 (2)(6)121 122 (1)(1)Merchant services, net12 13 12 (1)(6)39 36 3 7 Insurance commissions13 14 14 (1)(9)41 42 (1)(2)Realized gain on sale of investment securities, net— — 4 — — — 4 (4)(100)Fair value adjustment on marketable equity securities, net13 2 9 11 470 10 3 7 264 Gain on sale of leasing equipment, net3 8 5 (5)(65)16 19 (3)(15)Loss on extinguishment of debt— — — — — — (2)2 100 Other noninterest income  51 42 21 9 20 107 98 9 8 Total noninterest income$699 $678 $650 $21 3 %$2,012 $1,916 $96 5 %

Noninterest income for the current quarter was $699 million, an increase of $21 million or 3%, from $678 million for the linked quarter, primarily due to the following:

•The favorable change of $11 million in the fair value of marketable equity securities was due to higher market prices for the underlying securities.

•The increase in other noninterest income of $9 million was mainly attributable to gains on the sale of other assets.

•The increase of $6 million in client investment fees was mostly due to a higher average balance of client funds.

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