Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 35

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 35
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886 (17)(2)Revenue, net of depreciation (1)407 374 398 33 9 781 792 (11)(1)Noninterest ExpensePersonnel cost69 72 63 (3)(6)141 137 4 3 All other noninterest expense154 159 135 (5)(2)313 275 38 14 Total noninterest expense (3)267 275 246 (8)(3)542 506 36 7 Noninterest expense, net of depreciation (1)223231198(8)(3)4544124210 Provision for credit losses47 85 39 (38)(44)132 59 73 123 Income before income taxes137 58 161 79 138 195 321 (126)(39)Income tax expense35 15 44 20 136 50 86 (36)(42)Net income$102 $43 $117 $59 139 %$145 $235 $(90)(38)%PPNR (1)$184 $143 $200 $41 30 %$327 $380 $(53)(14)%Select Period End BalancesLoans and leases$38,691 $38,631 $36,835 $60 — %$38,691 $36,835 $1,856 5 %Operating lease equipment, net750 731 767 19 3 750 767 (17)(2)Deposits2,899 2,994 3,294 (95)(3)2,899 3,294 (395)(12)

(1)    Net rental income on operating lease equipment; noninterest income, net of depreciation; revenue, net of depreciation; noninterest expense, net of depreciation; and PPNR are non-GAAP measures. 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. 

(2) Total noninterest income includes rental income on operating lease equipment and all other noninterest income. 

(3) Total noninterest expense includes depreciation on operating lease equipment. 

Commercial Bank segment net income for the Current Quarter increased $59 million compared to the Linked Quarter, mostly due to lower provision for credit losses and higher noninterest income,