Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 67

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 67
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 private equity and venture capital.

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

Commercial Loan Concentrations

Current Quarter changes to loan classes are discussed above under “Recent Events—2025 Loan Class Changes” and in Note 1—Significant Accounting Policies and Basis of Presentation. Concentration disclosures for the Linked Quarter and at December 31, 2024 included in this Form 10-Q were recast to reflect the 2025 Loan Class Changes.

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Geographic Concentrations 

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

Table 41

Commercial Loans and Leases - Geography 

dollars in millionsJune 30, 2025March 31, 2025December 31, 2024StateCalifornia$25,874 22.9 %$25,304 22.4 %$24,491 21.9 %North Carolina11,051 9.8 10,974 9.7 10,985 9.8 New York10,470 9.3 9,891 8.7 10,202 9.1 Texas8,620 7.6 8,276 7.3 8,459 7.6 Massachusetts7,880 7.0 6,947 6.1 7,259 6.5 Florida5,629 5.0 5,842 5.2 5,845 5.2 All other states40,519 35.8 43,157 38.1 42,217 37.6 Total U.S.$110,043 97.4 %$110,391 97.5 %$109,458 97.7 %Total International2,964 2.6 2,820 2.5 2,535 2.3 Total$113,007 100.0 %$113,211 100.0 %$111,993 100.0 %

Industry Concentrations

The following table represents loans by industry of obligor:

Table 42

Commercial Loans and Leases - Industry 

dollars in millionsJune 30, 2025March 31, 2025December 31, 2024Finance and Insurance$31,902 28.3 %