Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 30

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 2
Chunk 30
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The decrease of $5 million in gain on sale of leasing equipment was primarily the result of lower rail equipment sale margin, due to the railcar types sold. 

Noninterest income for the current YTD was $2.01 billion, an increase of $96 million or 5%, from $1.92 billion for the prior YTD as further discussed below: 

•The increase in rental income on operating lease equipment of $39 million was mainly the result of growth in the railcar portfolio. 

•The increase in lending-related fees of $13 million was mostly in syndication fees.

•The increase in international fees of $13 million reflected higher volumes and commissions on foreign currency exchange transactions.

•The increase in wealth management services of $11 million was due to growth in assets under management.

•The increase in other noninterest income of $9 million was largely due a higher favorable change in the fair value of non-marketable equity securities and customer derivative positions, partially offset by a write-down of a held for sale asset in the current YTD.

•The favorable change of $7 million in the fair value of marketable equity securities was due to higher market prices for the underlying securities.

73

Noninterest Expense

Table 12Noninterest Expenses

dollars in millionsThree Months EndedIncrease (Decrease) from Linked QuarterNine Months EndedIncrease (Decrease)Year to DateSeptember 30, 2025June 30, 2025September 30, 2024September 30, 2025September 30, 2024Depreciation on operating lease equipment$98 $100 $99 $(2)(1)%$296 $293 $3 1 %Maintenance and other operating lease expenses67 55 59 12 20 180 164 16 10 Personnel cost817 810 788 7 1 2,445 2,277 168 7 Net occupancy expense58 61 62 (3)(6)177 182 (5)(3)Equipment expense137 131 128 6 4 404 368 36 10 Professional fees26 30 42 (4)(12)81 91 (10)(10)Third-party processing fees67 63 55 4 6 193 173 20 12 FDIC insurance expense38 38 31 — — 114 105 9 8 Marketing expense33 32