Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 224

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 224
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 forecasts, credit quality, risk to specific industry concentrations, and any significant policy and underwriting changes. These qualitative adjustments are also used to accommodate for the imprecision of certain assumptions and uncertainties inherent in the model calculations. 

89

ALLL and Net Charge-offs

The ALLL and net charge-offs are summarized below. 

Table 34

ALLL for Loans and Leases

dollars in millionsThree Months Ended June 30, 2025CommercialConsumerTotalBalance at beginning of period$1,517 $163 $1,680 Provision for loan and lease losses111 — 111 Charge-offs(137)(7)(144)Recoveries21 4 25 Balance at end of period$1,512 $160 $1,672 Net charge-off ratio0.33 %Net charge-offs$116 $3 $119 Average loans$141,791 Percent of loans in each category to total loans80 %20 %100 %Three Months Ended March 31, 2025CommercialConsumerTotalBalance at beginning of period$1,518 $158 $1,676 Provision for loan and lease losses138 10 148 Charge-offs(159)(8)(167)Recoveries20 3 23 Balance at end of period$1,517 $163 $1,680 Net charge-off ratio0.41 %Net charge-offs$139 $5 $144 Average loans$140,780 Percent of loans in each category to total loans80 %20 %100 %Three Months Ended June 30, 2024CommercialConsumerTotalBalance at beginning of period$1,582 $155 $1,737 Provision for loan and lease losses94 1 95 Charge-offs(153)(6)(159)Recoveries24 3 27 Balance at end of period$1,547 $153 $1,700 Net charge-off ratio0.38 %Net charge-offs$129 $3 $132 Average loans$137,426 Percent of loans in each category to total loans80 %20 %100 %

The ALLL at June 30, 2025 was $1.67 billion, representing a decrease of $8 million compared to March 31, 2025, primarily due to decreases related to Hurricane Helene, other credit quality improvements, and a