Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 118

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 118
---
3.95  %Delinquencies as a % of general office loans11.08  %10.92  %Non-performing loans as a % of general office loans10.87  %12.10  %ALLL ratio4.35  %4.59  %

Concentration Risk

We strive to minimize the risks associated with large concentrations within specific geographic areas, collateral types or industries. Despite our focus on diversification, several characteristics of our loan portfolio subject us to risk, such as our concentrations of real estate secured loans, revolving mortgage loans and healthcare-related loans. Additionally, SVB portfolio loans are concentrated in loans with large balances and loans in certain industries and customer groups, including private equity and venture capital.

Loan concentration data regarding our commercial, consumer, and SVB loan portfolios is summarized below.

Commercial Loan Concentrations

Geographic Concentrations 

The following table summarizes state concentrations of 5.0% or greater of our loans. Data is based on obligor location.

Table 37

Commercial Loans and Leases - Geography 

dollars in millionsMarch 31, 2025December 31, 2024StateCalifornia$15,334 21.2 %$15,119 21.1 %North Carolina10,643 14.7 10,709 14.9 Texas4,570 6.3 4,487 6.3 Florida4,367 6.0 4,314 6.0 South Carolina3,651 5.0 3,733 5.2 All other states32,096 44.2 31,695 44.1 Total U.S.$70,661 97.4 %$70,057 97.6 %Total International1,879 2.6 1,742 2.4 Total$72,540 100.0 %$71,799 100.0 %

Industry Concentrations

The following table represents loans by industry of obligor:

Table 38

Commercial Loans and Leases - Industry 

dollars in millionsMarch 31, 2025December 31, 2024Real Estate$18,198 25.1 %$17,898 24.9 %Healthcare10,178 14.0 10,247 14.3 Business Services8,294 11.5 8,