Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 28

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 28
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1)(2)111 103 8 8 International fees33 32 29 1 1 65 57 8 14 Factoring commissions18 17 19 1 3 35 36 (1)(2)Cardholder services, net41 41 40 — — 82 80 2 2 Merchant services, net13 14 12 (1)(10)27 24 3 11 Insurance commissions14 14 13 — 2 28 28 — — Fair value adjustment on marketable equity securities, net2 (5)(2)7 146 (3)(6)3 56 Gain on sale of leasing equipment, net8 5 4 3 23 13 14 (1)(3)Loss on extinguishment of debt— — — — — — (2)2 100 Other noninterest income  42 14 39 28 219 56 77 (21)(28)Total noninterest income$678 $635 $639 $43 7 %$1,313 $1,266 $47 4 %

Noninterest income for the Current Quarter was $678 million, an increase of $43 million or 7%, from $635 million for the Linked Quarter, primarily due to the following:

•The increase in other noninterest income of $28 million was mainly attributable to the positive impacts from fair value changes in customer derivative positions and other non-marketable investments, as well as the Linked Quarter write-down of a held for sale asset.

•The favorable change of $7 million in the fair value of marketable equity securities.

Noninterest income for the Current YTD was $1.31 billion, an increase of $47 million or 4%, from $1.27 billion for the Prior YTD as further discussed below: 

•The increase in rental income on operating lease equipment of $28 million was mainly the result of growth in the railcar  portfolio. 

•The increase in lending-related fees of $13 million was primarily due to higher syndication fees.

•The increase in wealth management services of $8 million reflected growth in assets under management.

•The increase in international fees of $8 million reflected higher volumes and commissions on foreign currency exchange transactions.

•The decrease in other noninterest income of $21 million was largely due a lower