Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 117

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 117
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 0.73% and 0.54% of total loans at March 31, 2025 and December 31, 2024, respectively. Delinquency status by loan class is presented in Note 4—Loans and Leases.  

CRE Portfolio

Our CRE portfolio is diversified across various property types. The following table provides an overview of the property type exposures within our CRE portfolio as of March 31, 2025 and December 31, 2024: 

Table 35

Commercial Real Estate Portfolio (1)

dollars in millionsMarch 31, 2025December 31, 2024Balance% to TotalLoans and LeasesBalance% to TotalLoans and LeasesMulti-Family$4,465 3.16 %$4,647 3.31 %Medical Office3,738 2.64 3,730 2.66 Industrial/Warehouse3,632 2.57 3,604 2.57 General Office2,376 1.68 2,476 1.77 Retail1,862 1.32 1,863 1.33 Healthcare1,277 0.90 1,162 0.83 Hotel/Motel861 0.61 876 0.62 Other5,173 3.66 4,559 3.25 Total$23,384 16.54 %$22,917 16.34 %

(1) The definition of CRE in this table is aligned with the Federal Reserve and FDIC guidance on CRE and includes the following: construction loans, loans where the primary repayment is from third party rental income, and loans not secured by real estate but for the purpose of real estate. This table excludes the owner occupied commercial mortgage loan class.

86

Evolving macroeconomic and social conditions (including the shift to more hybrid work arrangements) may result in changes for general office demand moving forward. Select metrics specific to our general office loan portfolio are as follows:

Table 36

Select General Office Loan Metrics

dollars in millionsMarch 31, 2025December 31, 2024% of total loans and leases1.68  %1.77  %% of CRE loans10.16  %10.81  %Average loan balance$2 $2 Net charge-offs (YTD annualized %)4.77  %