Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 228

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 228
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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 Loan and Lease Losses.

Table 9

Provision for Credit Losses

dollars in millionsThree Months EndedMarch 31, 2025December 31, 2024March 31, 2024Provision for loan and lease losses$148 $158 $93 Provision (benefit) for off-balance sheet credit exposure6 (3)(29)Provision for credit losses$154 $155 $64 

66

Noninterest Income

The primary sources of noninterest income consist of rental income on operating lease equipment, lending-related fees, deposit fees and service charges, client investment fees, wealth management services, international fees, factoring commissions, cardholder and merchant services, and insurance commissions.  

Table 10