Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 361

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 361
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 due to lower rates paid on interest-bearing deposits and loan growth. 

•The $33 million decrease in provision for credit losses reflected the decreases related to Hurricane Helene and the modest shift in our weighting from the downside to baseline economic scenario as further discussed in the “ALLL Methodology” section of this MD&A.

•The $19 million net increase in all other noninterest expenses is spread amongst various accounts, including Allocated Expenses. Refer to the “Noninterest Expense” discussion in the “Results of Operations” section of this MD&A for further information regarding trends in consolidated noninterest expense.

•The $13 million increase in income tax expense reflected higher income before income taxes. 

General Bank segment loans were $64.99 billion at June 30, 2025, an increase of $140 million compared to $64.85 billion at March 31, 2025, largely related to loan growth in Wealth, partially offset by a decline in business and commercial loans in the Branch Network.

General Bank segment deposits were $73.50 billion at June 30, 2025, a decrease of $810 million compared to $74.31 billion at March 31, 2025, mostly related to declines in the Branch Network and Wealth due to seasonal tax outflows, and lower net growth.

General Bank segment net income for the Current YTD increased $94 million compared to the Prior YTD, primarily due to higher NII and noninterest income, partially offset by increases in personnel cost, all other noninterest expenses, and income tax expense. 

•The $198 million increase in NII was mainly due to lower rates paid on interest-bearing deposits and loan growth, partially offset by the impact of deposit growth. 

•The $31 million increase in total noninterest income was mostly due to increases in wealth management services, deposit fees and service charges, and cardholder services. 

•The $32 million increase in personnel cost was mainly due to annual merit increases and promotions.

•The $84 million net increase in all other noninterest expenses is spread amongst various accounts, including Allocated Expenses. Refer to the “Noninterest Expense” discussion in the “Results of Operations” section of this MD&A for further information regarding trends in consolidated noninterest expense.

•The $18 million increase in income tax expense reflected higher income before income taxes. 

74

Commercial Bank 

Table 16

Commercial Bank: Financial Data

dollars in millionsThree Months EndedIncrease (Decrease)