Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 255

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 255
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 statements to assess income before income taxes excluding the provision for credit losses, which can be more volatile when economic conditions are more dynamic.

The following table provides a reconciliation of net income, the comparable GAAP measure, to PPNR:

Table 54PPNR

dollars in millionsThree Months Ended September 30, 2025General BankCommercial BankSVB CommercialRailCorporateTotal BancSharesNet income (GAAP)$320 $18 $175 $17 $38 $568 Plus: provision for credit losses1 168 22 — — 191 Plus: income tax expense (benefit)109 6 58 5 5 183 PPNR (non-GAAP)$430 $192 $255 $22 $43 $942 Three Months Ended June 30, 2025General BankCommercial BankSVB CommercialRailCorporateTotal BancSharesNet income (GAAP)$294 $102 $136 $19 $24 $575 Plus: provision for credit losses13 47 55 — — 115 Plus: income tax expense (benefit)101 35 47 6 (6)183 PPNR (non-GAAP)$408 $184 $238 $25 $18 $873 Three Months Ended September 30, 2024General BankCommercial BankSVB CommercialRailCorporateTotal BancSharesNet income (GAAP)$202 $124 $187 $20 $106 $639 Plus: provision for credit losses55 11 51 — — 117 Plus: income tax expense99 41 75 8 11 234 PPNR (non-GAAP)$356 $176 $313 $28 $117 $990 Nine Months Ended September 30, 2025General BankCommercial BankSVB CommercialRailCorporateTotal BancSharesNet income (GAAP)$867 $163 $477 $58 $61 $1,626 Plus: provision for credit losses60 300 100 — — 460 Plus: income tax expense (benefit)298 56 162 19 (1)534 PPNR (non-GAAP)$1,225 $519 $739 $77 $60 $2,620 Nine Months Ended September 30, 2024General BankCommercial BankSVB CommercialRailCorporate