Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 175

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 175
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159,935 5536

(1) The average size is reflective of the Direct Bank deposits and excludes brokered deposits and rail.

The General Bank segment mainly includes deposits in our Branch Network, which deploys a relationship-based approach to deposit gathering. The Commercial Bank segment includes deposits of commercial customers, and the SVB Commercial segment includes deposits related to its commercial customer base. Deposits in Corporate mainly included $45.11 billion in our Direct Bank, with the balance including brokered and other deposits. 

As displayed in the table above, the average size of deposits varies across our business segments. The uninsured percentage is the percentage of uninsured deposits to total deposits at period end for the respective segments and Corporate. Total uninsured deposits were approximately $57.80 billion or 36% of total deposits at June 30, 2025 and $59.51 billion or 38% at December 31, 2024. 

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Table 3

Deposit Trends

dollars in millionsDeposit BalanceJune 30, 2025March 31, 2025December 31, 2024General Bank segment$73,499 $74,309 $72,956 Commercial Bank segment2,899 2,994 3,502 SVB Commercial segment37,798 37,020 36,524 Corporate and Rail segment45,739 45,002 42,247 Total deposits$159,935 $159,325 $155,229 

Deposit trends for the segments and Corporate at June 30, 2025 compared to December 31, 2024 are discussed below:

•General Bank segment deposit growth of $543 million was primarily in the Branch Network.

•SVB Commercial segment deposits increased $1.27 billion, despite the strategic decision to move $2.4 billion in select cash sweep deposits to off-balance sheet client funds during the Linked Quarter. Deposit growth was mainly in noninterest-bearing deposits, partially offset by declines in interest-bearing checking.

•Corporate deposit growth of $3.51 billion was mainly in the Direct Bank.

•Commercial Bank segment deposit decline of $603 million was mostly in noninterest-bearing deposits.

Refer to the “Results by Segments” for a discussion of deposits at June 30, 2025 compared to March 31, 2025.

Liquidity Position

We strive to maintain a strong liquidity position and our risk appetite for liquidity is low. At