Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 42

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 42
---
 %$8,640 100 %$8,573 100 %

78

Corporate 

Table 21

Corporate: Financial Data

dollars in millions Three Months EndedIncrease (Decrease) from Linked QuarterSix Months EndedIncrease (Decrease)Year to DateEarnings SummaryJune 30, 2025March 31, 2025June 30, 2024June 30, 2025June 30, 2024Net interest income$135 $141 $272 $(6)(5)%$276 $625 $(349)(56)%Total noninterest income11 (2)15 13 (754)9 21 (12)(58)Total revenue146 139 287 7 4 285 646 (361)(56)Personnel cost415 410 368 5 1 825 704 121 17 Acquisition-related expenses38 42 44 (4)(10)80 102 (22)(21)All other noninterest expense(325)(312)(273)(13)4 (637)(562)(75)14 Total noninterest expense128 140 139 (12)(9)268 244 24 9 Provision for credit losses— — — — — — — — — Income (loss) income before income taxes18 (1)148 19 NM17 402 (385)(96)Income tax (benefit) expense(6)— 43 (6)NM(6)109 (115)(106)Net income (loss)$24 $(1)$105 $25 NM$23 $293 $(270)(92)%PPNR (1)$18 $(1)$148 $19 NM$17 $402 $(385)(96)%Select Period End BalancesDeposits45,736 44,990 40,741 746 2 45,736 40,741 4,995 12 

(1)    PPNR is a non-GAAP measure. Refer to the “Non-GAAP Financial Measurements” section of this MD&A for a reconciliation from the most comparable GAAP measure to the non-GAAP measure.

NM - not meaningful

Corporate net income increased $25 million compared to the Linked Quarter, mainly due to higher noninterest income and lower noninterest expense. 

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