Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 205

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 205
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dollars in millionsThree Months EndedIncrease (Decrease) from Linked QuarterNine Months EndedIncrease (Decrease)Year to DateEarnings SummarySeptember 30, 2025June 30, 2025September 30, 2024September 30, 2025September 30, 2024Net interest income$493 $490 $560 $3 1 %$1,476 $1,636 $(160)(10)%Total noninterest income135 130 137 5 3 397 405 (8)(2)Total revenue628 620 697 8 1 1,873 2,041 (168)(8)Personnel cost106 110 112 (4)(3)330 354 (24)(7)All other noninterest expense267 272 272 (5)(2)804 765 39 5 Total noninterest expense373 382 384 (9)(2)1,134 1,119 15 1 Provision for credit losses22 55 51 (33)(62)100 93 7 7 Income before income taxes233 183 262 50 28 639 829 (190)(23)Income tax expense58 47 75 11 26 162 235 (73)(31)Net income$175 $136 $187 $39 28 %$477 $594 $(117)(20)%PPNR (1)$255 $238 $313 $17 7 %$739 $922 $(183)(20)%Select Period End BalancesLoans and leases$40,629 $37,529 $37,098 $3,100 8 %$40,629 $37,098 $3,531 10 %Deposits39,891 37,798 35,844 2,093 6 39,891 35,844 4,047 11 

(1)    PPNR is a non-GAAP measure. Refer to the “Non-GAAP Financial Measurements” section of this MD&A for a reconciliation from the most comparable GAAP measure to the non-GAAP measure.

SVB Commercial segment net income for the current quarter increased $39 million compared to the linked quarter, mainly due to a lower provision for credit losses, higher noninterest