Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 235

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 235
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 portfolio: 

Table 39Commercial Real Estate Portfolio (1)

dollars in millionsSeptember 30, 2025June 30, 2025Balance% to TotalLoans and LeasesBalance% to TotalLoans and LeasesMulti-Family$5,116 3.53 %$5,151 3.65 %Medical Office3,872 2.67 3,829 2.71 Industrial/Warehouse3,568 2.47 3,697 2.62 General Office2,123 1.47 2,218 1.57 Retail1,764 1.22 1,714 1.21 Healthcare1,186 0.82 1,330 0.94 Hotel/Motel867 0.60 867 0.61 Other4,907 3.39 4,733 3.35 Total$23,404 16.17 %$23,539 16.66 %

(1) The definition of CRE in this table is aligned with the Federal Reserve and FDIC guidance on CRE and includes the following: construction loans, loans where the primary repayment is from third party rental income, and loans not secured by real estate but for the purpose of real estate. This table excludes the owner occupied commercial mortgage loan class.

Evolving macroeconomic and social conditions (including the shift to more hybrid work arrangements) may result in changes for General Office demand moving forward. Our General Office portfolio has experienced more negative credit quality trends relative to our other CRE portfolios. Select metrics for our General Office portfolio are summarized in the following table:

Table 40Select General Office Loan Metrics

dollars in millionsSeptember 30, 2025June 30, 2025December 31, 2024% of total loans and leases1.47  %1.57  %1.77  %% of CRE loans9.07  %9.42  %10.81  %Average loan balance$2 $2 $2 Net charge-offs (YTD annualized %)4.06  %4.09  %3.95  %Delinquencies as a % of General Office loans9.09  %6.59  %10.92  %Non-performing loans as a % of General Office loans11.27  %9.03