Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 131

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 131
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 benefit for credit losses. The ALLL activity for loans and leases is summarized in the following table:Allowance for Loan and Lease Losses dollars in millionsThree Months Ended September 30, 2025Three Months Ended September 30, 2024CommercialConsumerTotalCommercialConsumerTotalBalance at beginning of period$1,512 $160 $1,672 $1,547 $153 $1,700 Provision (benefit)  for loan and lease losses238 (24)214 123 — 123 Charge-offs(244)(12)(256)(169)(8)(177)Recoveries18 4 22 27 5 32 Balance at end of period$1,524 $128 $1,652 $1,528 $150 $1,678 Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024CommercialConsumerTotalCommercialConsumerTotalBalance at beginning of period$1,518 $158 $1,676 $1,581 $166 $1,747 Provision (benefit) for loan and lease losses487 (14)473 316 (5)311 Charge-offs(540)(27)(567)(443)(21)(464)Recoveries59 11 70 74 10 84 Balance at end of period$1,524 $128 $1,652 $1,528 $150 $1,678 The decrease of $20 million in the ALLL at September 30, 2025 compared to June 30, 2025 primarily reflects improvements in the economic outlook and other changes, including the elimination of reserves related to Hurricane Helene, partially offset by higher specific reserves for individually evaluated loans, and growth in global fund banking loans which have a lower loss rate relative to our other portfolios. Also, during the three months ended September 30, 2025, we updated our PD, LGD, and exposure at default methodology for certain portfolios which contributed to changes in the ALLL compared to prior periods. The decrease of $24 million in the ALLL at September 30, 2025 compared to December 31, 2024 was also mainly due to the changes discussed above.The following table presents the components of the provision for credit losses:Provision for Credit Lossesdollars in millionsThree Months Ended September 30,Nine Months Ended September