Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 64

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 64
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)Net interest income (expense)$788 $293 $493 $(52)$141 $1,663 Rental income on operating lease equipment— 56 — 214 — 270 All other noninterest income164 69 132 2 (2)365 Total noninterest income164 125 132 216 (2)635 Total revenue952 418 625 164 139 2,298 Depreciation on operating lease equipment— 44 — 54 — 98 Maintenance and other operating lease expenses— — — 58 — 58 Personnel cost214 72 114 8 410 818 Acquisition-related expenses— — — — 42 42 All other noninterest expense (3)351 159 265 14 (312)477 Total noninterest expense565 275 379 134 140 1,493 Provision for credit losses46 85 23 — — 154 Income (loss) before income taxes341 58 223 30 (1)651 Income tax expense88 15 57 8 — 168 Net income (loss)$253 $43 $166 $22 $(1)$483 Select Period End BalancesLoans and leases$64,847 $38,631 $37,818 $62 $— $141,358 Operating lease equipment, net— 731 — 8,640 — 9,371 Deposits74,309 2,994 37,020 12 44,990 159,325 (1) Corporate includes all other financial information that is not included in the reportable segments.(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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dollars in millionsThree Months Ended March 31, 2024General BankCommercial BankSVB Commercial