Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 245

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 245
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 1,523 1 Consumer other965 1 986 1 Total consumer$28,147 20 %$28,228 20 %SVB:Global fund banking$28,572 20 %$27,904 20 %Investor dependent - early stage908 1 997 1 Investor dependent - growth stage2,050 1 2,196 2 Innovation C&I and cash flow dependent9,141 6 9,097 6 Total SVB (1)$40,671 29 %$40,194 29 %Total loans and leases$141,358 100 %$140,221 100 %Allowance for loan and lease losses(1,680)(1,676)Net loans and leases$139,678 $138,545 

(1) Total SVB loans are irrespective of segment composition further described in Note 17—Segment Information.

The unamortized discount related to acquired loans was $1.52 billion at March 31, 2025, a decrease of $74 million from $1.60 billion at December 31, 2024. The decrease from December 31, 2024 reflects accretion of $84 million, including $8 million for unfunded commitments. 

Operating Lease Equipment, Net

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

Table 25

Operating Lease Equipment, Net

dollars in millionsMarch 31, 2025December 31, 2024Railcars and locomotives$8,640 $8,573 Other equipment731 750 Total (1)$9,371 $9,323 

(1)    Includes off-lease rail equipment of $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 March 31, 2025 totaled $156.96 billion, an increase of $3.32 billion or 2% from $153.65 billion at December 31,