Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 88

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 88
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 $(154)

(1)     Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes accretion income and loan fees. 

(2)    The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables.

65

The following table includes the average interest-earning assets by category:  

Table 7

Average Interest-earning Asset Mix

% of Average Interest-earning AssetsThree Months EndedMarch 31, 2025December 31, 2024March 31, 2024Loans and leases68 %68 %67 %Investment securities21 20 16 Interest-earning deposits at banks11 12 17 Total interest-earning assets100 %100 %100 %

The following table shows the average interest-bearing liability mix: 

Table 8

Average Interest-bearing Liability Mix

% of Average Interest-bearing LiabilitiesThree Months EndedMarch 31, 2025December 31, 2024March 31, 2024Total interest-bearing deposits76 %76 %74 %Long-term borrowings24 24 26 Total interest-bearing liabilities100 %100 %100 %

Provision for Credit Losses

The provision for credit losses for the Current Quarter was $154 million, a decrease of $1 million from $155 million for the Linked Quarter. The Current Quarter provision for credit losses included a provision for loan and lease losses of $148 million, a decrease of $10 million from the Linked Quarter, and a provision for off-balance sheet credit exposure of $6 million, an increase of $9 million from the Linked Quarter.

•The decrease in provision for loan and lease losses was mainly attributable to a decline in net charge-offs of $16 million, partially offset by the impact of a $4 million reserve build in the Current Quarter compared to a $2 million reserve release in the Linked Quarter. 

•The increase in provision for off-balance sheet credit exposure was mostly due to an increase in off-balance sheet credit exposure and modest deterioration in the macroeconomic forecast.

The ALLL and net charge-offs are further discussed in the “Risk Management—Credit Risk—Allowance for Loan and Lease Losses” and “—Credit Metrics” sections of this MD&A and in Note 5—Allowance for