Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 172

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 172
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 The enactment of the OBBBA did not have a material impact on the tax rate or results of operations.  

Financial Performance Summary

The following tables in this MD&A include financial data for the three months ended September 30, 2025 (the “current quarter”), June 30, 2025 (the “linked quarter”) and September 30, 2024 (the “Prior Year Quarter”), along with the nine months ended September 30, 2025 (“current YTD”), and the nine months ended September 30, 2024 (“prior YTD”). In accordance with Item 303(c) of Regulation S-K, we focus our discussion of quarterly results of operations on changes compared to the linked quarter for the narrative discussion and analysis as we believe this provides investors and other users of our data with the most relevant information. 

We focus the discussion of our financial position by comparing balances as of September 30, 2025 to December 31, 2024, however the tables also provide the linked quarter balances. 

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Table 1Selected Financial Data

dollars in millions, except share dataThree Months EndedNine Months EndedSeptember 30, 2025June 30,2025September 30, 2024September 30, 2025September 30, 2024Results of Operations:Interest income$2,998 $2,945 $3,138 $8,838 $9,352 Interest expense1,264 1,250 1,342 3,746 3,918 Net interest income1,734 1,695 1,796 5,092 5,434 Provision for credit losses191 115 117 460 276 Net interest income after provision for credit losses1,543 1,580 1,679 4,632 5,158 Noninterest income699 678 650 2,012 1,916 Noninterest expense1,491 1,500 1,456 4,484 4,218 Income before income taxes751 758 873 2,160 2,856 Income tax expense183 183 234 534 779 Net income568 575 639 1,626 2,077 Preferred stock dividends14 14 15 43 46 Net income available to common stockholders$554 $561 $624 $1,583 $2,