Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 237

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 237
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 518 — 656 479 2,136 Total revenue2,313 1,402 — 576 791 5,082 Depreciation on operating lease equipment— 169 — 176 — 345 Maintenance and other operating lease expenses— — — 189 — 189 Personnel cost549 171 — 20 668 1,408 Acquisition-related expenses— — — — 231 231 All other noninterest expense (3)909 405 — 42 (454)902 Total noninterest expense1,458 745 — 427 445 3,075 Provision for credit losses11 121 — — 513 645 Income (loss) before income taxes844 536 — 149 (167)1,362 Income tax expense (benefit)214 128 — 37 (115)264 Net income (loss)$630 $408 $— $112 $(52)$1,098 Select Period End BalancesLoans and leases$43,212 $27,491 $— $78 $— $70,781 Operating lease equipment, net— 723 — 7,433 — 8,156 Deposits67,894 3,219 — 15 18,280 89,408 (1) Corporate includes all other financial information that is not included in the reportable segments as further discussed above and in Note 1—Significant Accounting Policies and Basis of Presentation.(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 23 — 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