Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 119

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 119
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173 11.4 Transportation, Communication, Gas, Utilities5,946 8.2 5,928 8.3 Manufacturing5,904 8.1 5,966 8.3 Service Industries4,135 5.7 4,124 5.7 Retail3,934 5.4 3,740 5.2 Wholesale3,299 4.6 3,252 4.5 Finance and Insurance3,059 4.2 3,051 4.3 Other9,593 13.2 9,420 13.1 Total$72,540 100.0 %$71,799 100.0 %

87

Consumer Loan Concentrations

Loan concentrations may exist when multiple borrowers could be similarly impacted by economic or other conditions. The following table summarizes state concentrations greater than 5.0% based on customer address:

Table 39

Consumer Loans - Geography

dollars in millionsMarch 31, 2025December 31, 2024StateCalifornia$8,450 30.0 %$8,655 30.7 %North Carolina6,965 24.7 6,923 24.5 South Carolina3,618 12.9 3,607 12.8 Massachusetts1,678 6.0 1,692 6.0 Other states7,436 26.4 7,351 26.0 Total $28,147 100.0 %$28,228 100.0 %

SVB Loans

SVB loan concentrations may exist when there are borrowers engaged in similar activities or types of loans extended to a diverse group of borrowers that could cause those borrowers or portfolios to be similarly impacted by economic or other conditions. 

The SVB portfolio includes global fund banking and innovation banking loans.

Global Fund Banking

The global fund banking loan portfolio includes loans to clients in the private equity and venture capital community. Global fund banking represented 70% of SVB loans and 20% of total loans at March 31, 2025, compared to 69% and 20%, respectively, at December 31, 2024. The vast majority of this portfolio consists of capital call lines of credit, the repayment of which is dependent on the payment of capital calls by the underlying limited partner investors in the funds managed by these firms