Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 372

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 372
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 section of this MD&A.

•The $48 million increase in total noninterest income was mostly due to increases in wealth management services, deposit fees and service charges, and cardholder services. 

•The $112 million increase in all other noninterest expense was spread amongst various accounts, including allocated expenses. Refer to the “Noninterest Expense” discussion in the “Results of Operations” section of this MD&A for further information regarding trends in consolidated noninterest expense. 

•The $33 million increase in personnel cost was mainly due to annual merit increases and promotions.

76

Commercial Bank 

Table 16Commercial Bank: Financial Data

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$303 $299 $305 $4 1 %$895 $916 $(21)(2)%Noninterest IncomeRental income on operating lease equipment54 54 57 — — 164 172 (8)(4)Less: depreciation on operating lease equipment43 44 47 (1)(2)131 141 (10)(6)Net rental income on operating lease equipment (1)11 10 10 1 10 33 31 2 6 All other noninterest income101 98 79 3 4 268 239 29 12 Total noninterest income (2)155 152 136 3 3 432 411 21 5 Noninterest income, net of depreciation (1)112 108 89 4 4 301 270 31 11 Total revenue458 451 441 7 2 1,327 1,327 — — Revenue, net of depreciation (1)415 407 394 8 2 1,196 1,186 10 1 Noninterest ExpensePersonnel cost74 69 68 5 7 215 205 10 4 All other noninterest expense149 154 150 (5)(4)462 425 37 9 Total noninterest expense (3)266 267 265 (1)(1)808 771 37 5 Noninterest expense,