Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 261

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 261
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,160 $40,671 

SVB Loans - State Concentrations

The following table summarizes state concentrations greater than 5.0% within the SVB loans portfolio based on borrower location:

Table 41

SVB Loans - Geography

dollars in millionsMarch 31, 2025December 31, 2024StateCalifornia$9,970 24.5 %$9,372 23.3 %New York6,931 17.0 7,180 17.9 Massachusetts4,359 10.7 4,691 11.7 Connecticut4,176 10.3 4,061 10.1 Texas3,706 9.1 3,972 9.9 Illinois2,257 5.6 1,966 4.9 All other states8,331 20.5 8,159 20.2 Total U.S.39,730 97.7 39,401 98.0 Total International941 2.3 793 2.0 Total$40,671 100.0 %$40,194 100.0 %

Market Risk

Interest rate risk management 

BancShares is exposed to the risk that changes in market conditions may affect interest rates and negatively impact earnings. The risk arises from the nature of BancShares’ business activities, the composition of BancShares’ balance sheet, and changes in the level or shape of the yield curve. BancShares manages this inherent risk strategically based on prescribed guidelines and approved limits.

Interest rate risk can arise from many of BancShares’ business activities, such as lending, leasing, investing, deposit taking, derivatives, and funding activities. We evaluate and monitor interest rate risk primarily through two metrics.

•Net Interest Income Sensitivity (“NII Sensitivity”) measures the net impact of hypothetical changes in interest rates on forecasted NII; and

•Economic Value of Equity (“EVE”) Sensitivity (“EVE Sensitivity”) measures the net impact of these hypothetical changes on the value of equity by assessing the economic value of assets, liabilities and off-balance sheet instruments.

BancShares uses a holistic process to measure and monitor both short term and long term risks, which includes, but is not limited to, gradual and immediate parallel rate shocks, changes in the shape of the yield curve, and changes in the relationship of various yield curves. NII Sensitivity