Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 199

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 199
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 Prior YTD, primarily due to higher provision for credit losses, higher noninterest expense, and lower NII, partially offset by lower income tax expense. 

75

•The $73 million increase in provision for credit losses was mainly due to higher net charge-offs in the Current YTD and the impact of loan growth, partially offset by the modest shift in our scenario weighting as further discussed in the “ALLL Methodology” section of this MD&A.

•The $38 million net increase in all other noninterest expenses is spread amongst various accounts, including Allocated Expenses. Refer to the “Noninterest Expense” discussion in the “Results of Operations” section of this MD&A for further information regarding trends in consolidated noninterest expense.

•The $19 million decrease in NII was mostly due to lower loan yields, partially offset by the impact of loan growth. 

•The $36 million decrease in income tax expense reflected lower income before income taxes.

SVB Commercial

Table 17

SVB Commercial: Financial Data

dollars in millionsThree Months EndedIncrease (Decrease) from Linked QuarterSix Months EndedIncrease (Decrease)Year to DateEarnings SummaryJune 30, 2025March 31, 2025June 30, 2024June 30, 2025June 30, 2024Net interest income$490 $493 $553 $(3)(1)%$983 $1,076 $(93)(9)%Total noninterest income130 132 134 (2)(1)262 268 (6)(2)Total revenue620 625 687 (5)(1)1,245 1,344 (99)(7)Personnel cost110 114 123 (4)(4)224 242 (18)(8)All other noninterest expense272 265 246 7 3 537 493 44 9 Total noninterest expense382 379 369 3 1 761 735 26 4 Provision for credit losses55 23 19 32 135 78 42 36 87 Income before income taxes183 223 299 (40)(18)406 567 (161)(29)Income tax expense47 57 85 (10)(19)104 160 (56)(35)Net income$136 $166 $214 $(30)(18)%$302 $407 $(