Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 401

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 401
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 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 $1.65 billion, representing a decrease of $24 million from December 31, 2024, mainly due to the changes discussed above, and a modest shift in our weighting from the downside to baseline economic scenario in the linked quarter as further discussed in the “ALLL Methodology” section of this MD&A, partially offset by the impact of loan growth. 

Net charge-offs for the current YTD were $497 million, an increase of $117 million from $380 million for the prior YTD. The higher net charge-offs within commercial loans were mainly due to the commercial and industrial loan class, which included the previously discussed charge-off on a single supply chain finance client, partially offset by lower net charge-offs in the investor dependent loan class.

Table 36ALLL Ratios

dollars in millionsSeptember 30, 202