Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 191

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 191
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 Quarter was $678 million, an increase of $43 million or 7%, from $635 million for the Linked Quarter, primarily due to the following:

•The increase in other noninterest income of $28 million was mainly attributable to the positive impacts from fair value changes in customer derivative positions and other non-marketable investments, as well as the Linked Quarter write-down of a held for sale asset.

•The favorable change of $7 million in the fair value of marketable equity securities.

Noninterest income for the Current YTD was $1.31 billion, an increase of $47 million or 4%, from $1.27 billion for the Prior YTD as further discussed below: 

•The increase in rental income on operating lease equipment of $28 million was mainly the result of growth in the railcar  portfolio. 

•The increase in lending-related fees of $13 million was primarily due to higher syndication fees.

•The increase in wealth management services of $8 million reflected growth in assets under management.

•The increase in international fees of $8 million reflected higher volumes and commissions on foreign currency exchange transactions.

•The decrease in other noninterest income of $21 million was largely due a lower favorable impact from the fair value changes in customer derivative positions, as well as the write-down of a held for sale asset in the Current YTD, partially offset by favorable changes in the fair value of non-marketable equity securities.

71

Noninterest Expense

Table 12

Noninterest Expense

dollars in millionsThree Months EndedIncrease (Decrease) from Linked QuarterSix Months EndedIncrease (Decrease)Year to DateJune 30, 2025March 31, 2025June 30, 2024June 30, 2025June 30, 2024Depreciation on operating lease equipment$100 $98 $98 $2 1 %$198 $194 $4 2 %Maintenance and other operating lease expenses55 58 60 (3)(3)113 105 8 8 Personnel cost810 818 745 (8)(1)1,628 1,489 139 9 Net occupancy expense61 58 58 3 7 119 120 (1)— Equipment expense131 136 126 (5)(4)267 240 27 11 Professional fees30 25 24 5 17 55 49 6 14