Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 366

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 366
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)(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 $2.01 billion, an increase of $96 million or 5%, from $1.92 billion for the prior YTD as further discussed below: 

•The increase in rental income on operating lease equipment of $39 million was mainly the result of growth in the railcar portfolio. 

•The increase in lending-related fees of $13 million was mostly in syndication fees.

•The increase in international fees of $13 million reflected higher volumes and commissions on foreign currency exchange transactions.

•The increase in wealth management services of $11 million was due to growth in assets under management.

•The increase in other noninterest income of $9 million was largely due a higher favorable change in the fair value of non-marketable equity securities and customer derivative positions, partially offset by a write-down of a held for sale asset in the current YTD.

•The favorable change of