Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 121

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 121
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 and class. The breakout below is based on total client balances (individually or in the aggregate) as of March 31, 2025:

Table 40

SVB Loans by Size and Class

dollars in millionsLess Than $10 Million$10 to < $30 Million> $30 MillionTotal SVB LoansGlobal fund banking$2,136 $4,773 $21,663 $28,572 Investor dependent - early stage828 80 — 908 Investor dependent - growth stage1,110 647 293 2,050 Innovation C&I and cash flow dependent424 1,513 7,204 9,141 Total$4,498 $7,013 $29,160 $40,671 

SVB Loans - State Concentrations

The following table summarizes state concentrations greater than 5.0% within the SVB loans portfolio based on borrower location:

Table 41

SVB Loans - Geography

dollars in millionsMarch 31, 2025December 31, 2024StateCalifornia$9,970 24.5 %$9,372 23.3 %New York6,931 17.0 7,180 17.9 Massachusetts4,359 10.7 4,691 11.7 Connecticut4,176 10.3 4,061 10.1 Texas3,706 9.1 3,972 9.9 Illinois2,257 5.6 1,966 4.9 All other states8,331 20.5 8,159 20.2 Total U.S.39,730 97.7 39,401 98.0 Total International941 2.3 793 2.0 Total$40,671 100.0 %$40,194 100.0 %

Market Risk

Interest rate risk management 

BancShares is exposed to the risk that changes in market conditions may affect interest rates and negatively impact earnings. The risk arises from the nature of BancShares’ business activities, the composition of BancShares’ balance sheet, and changes in the level or shape of the yield curve. BancShares manages this inherent risk strategically based on prescribed guidelines and approved limits.

Interest rate risk can arise from many of BancShares’ business activities, such as lending, leasing,