Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 244

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 244
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aturities because borrowers have the right to prepay the underlying loans.

Assets Held for Sale

Assets held for sale at March 31, 2025 were $185 million, an increase of $100 million or 119% from $85 million at December 31, 2024.   

Table 23

Assets Held for Sale

dollars in millionsMarch 31, 2025December 31, 2024Loans and leases:Commercial$113$27Consumer7055SVB——Loans and leases18382Operating lease equipment23Total assets held for sale$185$85

Loans and Leases

Loans and leases held for investment at March 31, 2025 were $141.36 billion, an increase of $1.14 billion or 1% from $140.22 billion at December 31, 2024. The increase from December 31, 2024 reflects growth in commercial and SVB loans. The increase of $741 million in commercial loans was spread across various industry verticals such as TMT and healthcare.  Within SVB loan classes, the $477 million growth was mostly attributed to the global fund banking portfolio, partially offset by declines in investor dependent portfolios as loan payments exceeded new originations. Consumer loans decreased $81 million, as we continue to originate and sell rather than hold for investment. 

Refer to Note 4—Loans and Leases for further information.

77

The following table presents loans and leases by loan segment and loan class, and the respective proportion to total loans:

Table 24

Loans and Leases 

dollars in millionsMarch 31, 2025December 31, 2024Balance% to Total LoansBalance% to Total LoansCommercial:Commercial construction$5,529 4 %$5,109 4 %Owner occupied commercial mortgage16,951 12 16,842 12 Non-owner occupied commercial mortgage16,139 11 16,194 12 Commercial and industrial31,899 23 31,640 22 Leases2,022 1 2,014 1 Total commercial$72,540 51 %$71,799 51 %Consumer:Residential mortgage$23,060 16 %$23,152 16 %Revolving mortgage2,635 2 2,567 2 Consumer auto1,487 1