Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 375

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 375
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267 272 272 (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 income, and lower noninterest expense, partially offset by higher income tax expense. 

•The $33 million decrease in provision for credit losses was largely due to a reserve release related to both off-balance sheet credit exposures and loans and leases, as well as lower specific reserves for individually evaluated investor dependent loans.

•The $5 million increase in total noninterest income was primarily in client investment fees.

•The $5 million decrease 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 $11 million increase in income tax expense reflected the increase in income before income taxes.

SVB Commercial segment loans were $40.63 billion at September 30, 2025