Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 378

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 378
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Total loans and leases$141,269 100 %$141,358 100 %$140,221 100 %$(89)— %$1,048 1 %Allowance for loan and lease losses(1,672)(1,680)(1,676)Net loans and leases$139,597 $139,678 $138,545 

Operating Lease Equipment, Net

Our operating lease portfolio mostly relates to the Rail segment, with the remainder included in the Commercial Bank segment as summarized in the following table. Refer to the “Results by Segment” section of this MD&A for further details on the operating lease equipment portfolio in Rail.

Table 26

Operating Lease Equipment, Net

dollars in millionsIncrease (Decrease) from:June 30, 2025March 31, 2025December 31, 2024March 31, 2025December 31, 2024Railcars and locomotives$8,716 $8,640 $8,573 $76 1 %$143 2 %Other equipment750 731 750 19 3 — — Total (1)$9,466 $9,371 $9,323 $95 1 %$143 2 %

(1)    Includes off-lease rail equipment of $242 million at June 30, 2025, $256 million at March 31, 2025, and $219 million at December 31, 2024.

Interest-bearing Liabilities

Interest-bearing liabilities include interest-bearing deposits, securities sold under agreements to repurchase, and borrowings. Interest-bearing liabilities at June 30, 2025 totaled $157.17 billion, an increase of $3.52 billion or 2% from $153.65 billion at December 31, 2024. The increase from December 31, 2024 was mainly due to deposit growth as well as the Linked Quarter Debt Issuances, partially offset by the Current Quarter Debt Redemption as further discussed below. 

83

Deposits

Total deposits at June 30, 2025 were $159.94 billion, an increase of $4.71 billion or 3% from $155.23 billion at December 31, 2024. 

Deposit changes within our business segments compared to December 31, 2024