Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 254

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 254
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 Provision (benefit)  for loan and lease losses59 (6)40 93 Charge-offs(75)(7)(46)(128)Recoveries10 2 13 25 Balance at end of period$1,120 $155 $462 $1,737 Net charge-off ratio0.31 %Net charge-offs$65 $5 $33 $103 Average loans$133,703 Percent of loans in each category to total loans50 %21 %29 %100 %

Net charge-offs during the Current Quarter were $144 million, a decrease of $16 million from $160 million during the Linked Quarter. The lower net charge-offs within commercial loans were primarily related to decreased net charge-offs in the equipment finance portfolio. 

84

The following table provides trends in the ALLL ratios:

Table 32

ALLL Ratios

dollars in millionsMarch 31, 2025December 31, 2024ALLL$1,680 $1,676 Total loans and leases$141,358 $140,221 ALLL to total loans and leases1.19 %1.20 %Commercial loans and leases:ALLL - commercial$1,078 $1,063 Commercial loans and leases$72,540 $71,799 Commercial ALLL to commercial loans and leases1.49 %1.48 %Consumer loans:ALLL - consumer$163 $158 Consumer loans$28,147 $28,228 Consumer ALLL to consumer loans0.58 %0.56 %SVB loans:ALLL - SVB$439 $455 SVB loans$40,671 $40,194 SVB ALLL to SVB loans1.08 %1.13 %

A reserve for off-balance sheet credit exposure is established for unfunded commitments and is included in other liabilities. BancShares estimates the expected funding amounts and applies its PD and LGD models to those expected funding amounts to estimate the reserve. The reserve for off-balance sheet credit exposure was $284 million at March 31, 2025, an increase of $6 million compared to $278 million at December 31, 2024. The increase from December 31, 2024 primarily reflects changes in the unfunded commitments. Refer to Note 18—Commitments and Cont