Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 231

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 231
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, 2024CommercialConsumerTotalBalance at beginning of period$1,547 $153 $1,700 Provision for loan and lease losses123 — 123 Charge-offs(169)(8)(177)Recoveries27 5 32 Balance at end of period$1,528 $150 $1,678 Net charge-off ratio0.42 %Net charge-offs$142 $3 $145 Average loans$139,014 Percent of loans in each category to total loans79 %21 %100 %

The ALLL at September 30, 2025 was $1.65 billion, representing a decrease of $20 million compared to June 30, 2025. The decrease was driven by improvements in the economic outlook and other changes, including the elimination of reserves related to Hurricane Helene, partially offset by higher specific reserves for individually evaluated loans, and growth in global fund banking loans which have a lower loss rate relative to our other portfolios.

Net charge-offs for the current quarter were $234 million, an increase of $115 million from $119 million for the linked quarter. The increase was mainly due to an $82 million charge-off on a single supply chain finance client in the Commercial Bank segment.

92

Table 35ALLL for Loans and Leases

dollars in millionsNine Months Ended September 30, 2025Nine Months Ended September 30, 2024CommercialConsumerTotalCommercialConsumerTotalBalance at beginning of period$1,518 $158 $1,676 $1,581 $166 $1,747 Provision (benefit) for loan and lease losses487 (14)473 316 (5)311 Charge-offs(540)(27)(567)(443)(21)(464)Recoveries59 11 70 74 10 84 Balance at end of period$1,524 $128 $1,652 $1,528 $150 $1,678 Net charge-off ratio0.47 %0.37 %Net charge-offs$481 $16 $497 $369 $11 $380 Average loans$141,818 $136,723 Percent of loans in each category to total loans80 %20 %100 %79 %21 %100 %

The ALLL at September 30, 2025 was