Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 196

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 196
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202 189 13 7 Deposit fees and service charges61 59 57 2 3 178 172 6 4 Client investment fees58 52 55 6 13 163 159 4 2 Wealth management services57 55 54 2 3 168 157 11 7 International fees34 33 29 1 4 99 86 13 15 Factoring commissions18 18 19 — — 53 55 (2)(3)Cardholder services, net39 41 42 (2)(6)121 122 (1)(1)Merchant services, net12 13 12 (1)(6)39 36 3 7 Insurance commissions13 14 14 (1)(9)41 42 (1)(2)Realized gain on sale of investment securities, net— — 4 — — — 4 (4)(100)Fair value adjustment on marketable equity securities, net13 2 9 11 470 10 3 7 264 Gain on sale of leasing equipment, net3 8 5 (5)(65)16 19 (3)(15)Loss on extinguishment of debt— — — — — — (2)2 100 Other noninterest income  51 42 21 9 20 107 98 9 8 Total noninterest income$699 $678 $650 $21 3 %$2,012 $1,916 $96 5 %

Noninterest income for the current quarter was $699 million, an increase of $21 million or 3%, from $678 million for the linked quarter, primarily due to the following:

•The favorable change of $11 million in the fair value of marketable equity securities was due to higher market prices for the underlying securities.

•The increase in other noninterest income of $9 million was mainly attributable to gains on the sale of other assets.

•The increase of $6 million in client investment fees was mostly due to a higher average balance of client funds.

•The decrease of $5 million in gain on sale of leasing equipment was primarily the result of lower rail equipment sale margin, due to the railcar types sold. 

Noninterest income for the current YTD was $2