Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 26

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 26
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 %75 %Long-term borrowings24 24 25 24 25 Total interest-bearing liabilities100 %100 %100 %100 %100 %

Provision for Credit Losses

Table 10

Provision for Credit Losses

dollars in millionsThree Months EndedIncrease (Decrease) from Linked QuarterSix Months EndedIncrease (Decrease)Year to DateJune 30, 2025March 31, 2025June 30, 2024June 30, 2025June 30, 2024Provision for loan and lease losses$111 $148 $95 $(37)(26)%$259 $188 $71 38 %Provision (benefit) for off-balance sheet credit exposure4 6 — (2)(23)10 (29)39 136 Provision for credit losses$115 $154 $95 $(39)(26)%$269 $159 $110 70 %

The provision for credit losses for the Current Quarter was $115 million, a decrease of $39 million from $154 million for the Linked Quarter. 

•The provision for loan and lease losses for the Current Quarter was $111 million, a decrease of  $37 million from $148 million for the Linked Quarter, mainly attributable to a decrease in net charge-offs of $25 million and a decrease of $8 million in the ALLL for the Current Quarter, compared to an increase of $4 million in the ALLL for the Linked Quarter. 

◦The decrease of $8 million in the ALLL at June 30, 2025 compared to March 31, 2025 primarily reflected decreases related to Hurricane Helene, other credit quality improvements, and a modest shift in our weighting from the downside to baseline economic scenario as further discussed in the “ALLL Methodology” section of this MD&A, partially offset by higher specific reserves for individually evaluated loans.

•The provision for off-balance sheet credit exposure for the Current Quarter was $4 million, a decrease of $2 million compared to $6 million for the Linked Quarter, mostly due to the modest shift in our scenario weighting discussed above.

The provision for credit losses for the Current YTD was $269 million, an increase of $110 million from $159 million for the Prior YTD.  

•The provision for loan and lease losses for the Current YTD was $259 million,