Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 45

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 45
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 at end of period$1,126 $166 $455 $1,747 Net charge-off ratio0.47 %Net charge-offs$367 $15 $178 $560 Average loans$119,176 Percent of loans in each category to total loans50 %21 %29 %100 %Year Ended December 31, 2022CommercialConsumerSVBTotalBalance at beginning of period$80 $98 $— $178 Initial PCD ALLL258 14 — 272 Day 2 Provision for Loan and Lease Losses432 22 — 454 Provision (benefit) for loan and lease losses101 (4)— 97 Total provision for loan and lease losses533 18 — 551 Charge-offs(126)(20)— (146)Recoveries44 23 — 67 Balance at end of period$789 $133 $— $922 Net charge-off ratio0.12 %Net charge-offs (recoveries)$82 $(3)$— $79 Average loans$67,730 Percent of loans in each category to total loans76 %24 %— %100 %

Net charge-offs during the Current Year were $540 million, a decrease of $20 million from $560 million during the Prior Year. Lower net charge-offs in SVB Commercial were primarily related to decreases in investor dependent - growth stage and innovation C&I and cash flow dependent portfolios partially offset by increases in investor dependent - early stage portfolio. The lower net charge-offs within the commercial loans were primarily related to decreases in commercial and industrial portfolio partially offset by increases in owner occupied and non-owner occupied commercial mortgage portfolios.

77

The following table provides trends in the ALLL ratios:

Table 30

ALLL Ratios

dollars in millionsDecember 31, 2024December 31, 2023December 31, 2022ALLL$1,676 $1,747 $922 Total loans and leases$140,221 $133,302 $70,781 ALLL to total loans and leases1.20 %1.31 %1.30 %Commercial loans and leases:ALLL - commercial$1,063 $1,126 $789 Commercial loans and leases$71,799 $66,232 $53,455 Commercial ALL