Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 247

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 247
---
 $18 $873 Three Months Ended March 31, 2025General BankCommercial BankSVB CommercialRailCorporateTotal BancSharesNet income (GAAP)$253 $43 $166 $22 $(1)$483 Plus: provision for credit losses46 85 23 — — 154 Plus: income tax expense (benefit)88 15 57 8 — 168 PPNR (non-GAAP)$387 $143 $246 $30 $(1)$805 Three Months Ended June 30, 2024General BankCommercial BankSVB CommercialRailCorporateTotal BancSharesNet income (GAAP)$252 $117 $214 $19 $105 $707 Plus: provision for credit losses37 39 19 — — 95 Plus: income tax expense92 44 85 8 43 272 PPNR (non-GAAP)$381 $200 $318 $27 $148 $1,074 Six Months Ended June 30, 2025General BankCommercial BankSVB CommercialRailCorporateTotal BancSharesNet income (GAAP)$547 $145 $302 $41 $23 $1,058 Plus: provision for credit losses59 132 78 — — 269 Plus: income tax expense (benefit)189 50 104 14 (6)351 PPNR (non-GAAP)$795 $327 $484 $55 $17 $1,678 Six Months Ended June 30, 2024General BankCommercial BankSVB CommercialRailCorporateTotal BancSharesNet income (GAAP)$453 $235 $407 $50 $293 $1,438 Plus: provision for credit losses58 59 42 — — 159 Plus: income tax expense171 86 160 19 109 545 PPNR (non-GAAP)$682 $380 $609 $69 $402 $2,142 

104

Net Rental Income on Operating Lease Equipment for Commercial Bank and Rail Segments

Net rental income on operating lease equipment is a non-GAAP measure calculated as rental income on operating lease equipment less depreciation on operating lease equipment, as well as maintenance and other operating lease expenses, if any. Presentation of net rental income for the Commercial Bank and Rail segments also