Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 202

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 202
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 noninterest-bearing checking, partially offset by lower time deposits.

General Bank segment net income for the current YTD increased $212 million compared to the prior YTD, primarily due to higher NII, lower provision for credit losses, and higher noninterest income, partially offset by increases in personnel cost and all other noninterest expense. 

•The $284 million increase in NII was mainly due to a lower rate paid on interest-bearing deposits, as well as the impact of loan growth, partially offset by the impact of deposit growth. 

•The $53 million decrease in provision for credit losses reflects the ALLL build during the prior YTD, the elimination of reserves related to Hurricane Helene in the current YTD, and the modest shift in our weighting from the downside to baseline economic scenario in the linked quarter as further discussed in the “ALLL Methodology” section of this MD&A.

•The $48 million increase in total noninterest income was mostly due to increases in wealth management services, deposit fees and service charges, and cardholder services. 

•The $112 million increase in all other noninterest expense was 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 $33 million increase in personnel cost was mainly due to annual merit increases and promotions.

76

Commercial Bank 

Table 16Commercial Bank: Financial Data

dollars in millionsThree Months EndedIncrease (Decrease) from Linked QuarterNine Months EndedIncrease (Decrease)Year to DateEarnings SummarySeptember 30, 2025June 30, 2025September 30, 2024September 30, 2025September 30, 2024Net interest income$303 $299 $305 $4 1 %$895 $916 $(21)(2)%Noninterest IncomeRental income on operating lease equipment54 54 57 — — 164 172 (8)(4)Less: depreciation on operating lease equipment43 44 47 (1)(2)131 141 (10)(6)Net rental income on operating lease equipment (1)11 10 10 1 10 33 31 2 6 All other noninterest income101 98 79 3 4 268 239 29 12 Total noninterest income (2)155 152