Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 301

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 301
---
Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024CommercialConsumerTotalCommercialConsumerTotalBalance at beginning of period$1,518 $158 $1,676 $1,581 $166 $1,747 Provision (benefit) for loan and lease losses487 (14)473 316 (5)311 Charge-offs(540)(27)(567)(443)(21)(464)Recoveries59 11 70 74 10 84 Balance at end of period$1,524 $128 $1,652 $1,528 $150 $1,678 The decrease of $20 million in the ALLL at September 30, 2025 compared to June 30, 2025 primarily reflects improvements in the economic outlook and other changes, including the elimination of reserves related to Hurricane Helene, partially offset by higher specific reserves for individually evaluated loans, and growth in global fund banking loans which have a lower loss rate relative to our other portfolios. Also, during the three months ended September 30, 2025, we updated our PD, LGD, and exposure at default methodology for certain portfolios which contributed to changes in the ALLL compared to prior periods. The decrease of $24 million in the ALLL at September 30, 2025 compared to December 31, 2024 was also mainly due to the changes discussed above.The following table presents the components of the provision for credit losses:Provision for Credit Lossesdollars in millionsThree Months Ended September 30,Nine Months Ended September 30,2025202420252024Provision for loan and lease losses$214 $123 $473 $311 Benefit for off-balance sheet credit exposure(23)(6)(13)(35)Provision for credit losses$191 $117 $460 $276 

32

NOTE 6 — LEASESLesseeBancShares’ leases primarily include administrative offices and bank locations. Substantially all of our operating lease liabilities relate to United States real estate leases. Our finance lease liabilities relate to equipment leases, including the lease of certain ATMs. Our real estate leases have remaining lease terms of up to 32 years. Our lease terms may include options to extend or terminate the lease, and our operating leases have renewal terms that can extend from 1 to 25 years. The options are included in the