Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 163

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 163
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 equipment— 141 — 152 — 293 Maintenance and other operating lease expenses— — — 164 — 164 Personnel cost604 205 354 20 1,094 2,277 Acquisition-related expenses— — — — 148 148 All other noninterest expense (3)978 425 765 43 (875)1,336 Total noninterest expense1,582 771 1,119 379 367 4,218 Provision for credit losses113 70 93 — — 276 Income before income taxes925 486 829 97 519 2,856 Income tax expense270 127 235 27 120 779 Net income$655 $359 $594 $70 $399 $2,077 (1) Corporate includes all other financial information that is not included in the reportable segments.(2) In the segment reporting table above, there are no reconciling differences between BancShares and the aggregate of all reportable segments and Corporate. (3) All other noninterest expense represents “other segment items” under ASC 280 and primarily includes Allocated Expenses, net occupancy expense, equipment expense, professional fees, third-party processing fees, FDIC insurance expense, marketing expense, and intangible amortization. All other noninterest expense is presented net of Allocated Expenses in the segment reporting table above, resulting in Contra Expense for Corporate as further discussed above.

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NOTE 18 — COMMITMENTS AND CONTINGENCIESCommitmentsTo meet the financing needs of its customers, BancShares and its subsidiaries have financial instruments with off-balance sheet risk. These financial instruments involve elements of credit, interest rate or liquidity risk and include commitments to extend credit and standby letters of credit.  The accompanying table summarizes credit-related commitments and other purchase and funding commitments:dollars in millionsSeptember 30, 2025December 31, 2024Financing CommitmentsFinancing assets (excluding leases)$51,935 $53,250 Letters of CreditStandby letters of credit2,478 2,188 Other letters of credit158 103 Deferred Purchase Agreements1,870 1,802 Purchase and Funding Commitments (1)232 178 (1)    BancShares’ purchase and funding commitments relate to the equipment leasing businesses’ commitments to fund Rail’s railcar manufacturer purchase and upgrade commitments