Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 400

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 400
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 risk to specific industry concentrations, and any significant policy and underwriting changes. These qualitative adjustments are also used to accommodate for the imprecision of certain assumptions and uncertainties inherent in the model calculations. 

91

ALLL and Net Charge-offs

The ALLL and net charge-offs are summarized below. 

Table 34ALLL for Loans and Leases

dollars in millionsThree Months Ended September 30, 2025CommercialConsumerTotalBalance at beginning of period$1,512 $160 $1,672 Provision (benefit) for loan and lease losses238 (24)214 Charge-offs(244)(12)(256)Recoveries18 4 22 Balance at end of period$1,524 $128 $1,652 Net charge-off ratio0.65 %Net charge-offs$226 $8 $234 Average loans$142,857 Percent of loans in each category to total loans80 %20 %100 %Three Months Ended June 30, 2025CommercialConsumerTotalBalance at beginning of period$1,517 $163 $1,680 Provision for loan and lease losses111 — 111 Charge-offs(137)(7)(144)Recoveries21 4 25 Balance at end of period$1,512 $160 $1,672 Net charge-off ratio0.33 %Net charge-offs$116 $3 $119 Average loans$141,791 Percent of loans in each category to total loans80 %20 %100 %Three Months Ended September 30, 2024CommercialConsumerTotalBalance at beginning of period$1,547 $153 $1,700 Provision for loan and lease losses123 — 123 Charge-offs(169)(8)(177)Recoveries27 5 32 Balance at end of period$1,528 $150 $1,678 Net charge-off ratio0.42 %Net charge-offs$142 $3 $145 Average loans$139,014 Percent of loans in each category to total loans79 %21 %100 %

The ALLL at September 30, 2025 was $1.65 billion, representing a decrease of $20 million compared to June 30, 2025. The decrease was driven by improvements in the economic outlook and other changes, including the elimination of