Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 235

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 235
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)1,834 Total noninterest expense2,031 911 1,553 503 737 5,735 Provision for credit losses153 144 134 — — 431 Income before income taxes1,408 587 1,152 147 298 3,592 Income tax expense (benefit)362 147 295 36 (25)815 Net income$1,046 $440 $857 $111 $323 $2,777 Select Period End BalancesLoans and leases$66,768 $33,197 $40,194 $62 $— $140,221 Operating lease equipment, net— 750 — 8,573 — 9,323 Deposits73,062 3,283 36,637 18 42,229 155,229 (1) Corporate includes all other financial information that is not included in the reportable segments as further discussed above and in Note 1—Significant Accounting Policies and Basis of Presentation.(2) In the segment reporting table above, there are no reconciling differences between BancShares and the aggregate of all reportable segments and Corporate. (3) All other noninterest expense represents “other segment items” under ASC 280 and primarily includes Allocated Expenses, net occupancy expense, equipment expense, professional fees, third-party processing fees, FDIC insurance expense, marketing expense, and intangible amortization. All other noninterest expense is presented net of Allocated Expenses in the segment reporting table above, resulting in Contra Expense for Corporate as further discussed above.

180

dollars in millionsYear Ended December 31, 2023General BankCommercial BankSVB CommercialRailCorporate (1)BancShares (2)Net interest income (expense)$2,580 $1,015 $1,647 $(143)$1,613 $6,712 Rental income on operating lease equipment— 231 — 740 — 971 All other noninterest income526 329 430 5 9,814 11,104 Total noninterest income526 560 430 745 9,814 12,075 Total revenue3,106 1,575 2,077 602 11,427 18,787 Depreciation on operating lease equipment— 180 — 191 — 371 Maintenance and