Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 114

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 114
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076 $150 $452 $1,678 Provision for loan and lease losses95 13 50 158 Charge-offs(120)(9)(64)(193)Recoveries12 4 17 33 Balance at end of period$1,063 $158 $455 $1,676 Net charge-off ratio0.46 %Net charge-offs$108 $5 $47 $160 Average loans$139,641 Percent of loans in each category to total loans51 %20 %29 %100 %Three Months Ended March 31, 2024CommercialConsumerSVBTotalBalance at beginning of period$1,126 $166 $455 $1,747 Provision (benefit)  for loan and lease losses59 (6)40 93 Charge-offs(75)(7)(46)(128)Recoveries10 2 13 25 Balance at end of period$1,120 $155 $462 $1,737 Net charge-off ratio0.31 %Net charge-offs$65 $5 $33 $103 Average loans$133,703 Percent of loans in each category to total loans50 %21 %29 %100 %

Net charge-offs during the Current Quarter were $144 million, a decrease of $16 million from $160 million during the Linked Quarter. The lower net charge-offs within commercial loans were primarily related to decreased net charge-offs in the equipment finance portfolio. 

84

The following table provides trends in the ALLL ratios:

Table 32

ALLL Ratios

dollars in millionsMarch 31, 2025December 31, 2024ALLL$1,680 $1,676 Total loans and leases$141,358 $140,221 ALLL to total loans and leases1.19 %1.20 %Commercial loans and leases:ALLL - commercial$1,078 $1,063 Commercial loans and leases$72,540 $71,799 Commercial ALLL to commercial loans and leases1.49 %1.48 %Consumer loans:ALLL - consumer$163 $158 Consumer loans$28,147 $28,228 Consumer ALLL to consumer loans0.58 %0.56 %SVB loans:ALLL - SVB