Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 334

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 2
Chunk 334
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 home price index, CRE index, corporate profits, and credit spreads, utilized in the ALLL models. These economic variables are based on macroeconomic scenario forecasts with a forecast horizon that covers the lives of the loan portfolios. In addition, during the first quarter of 2025, economic uncertainty increased due to the potential impacts of new trade and other economic policies in the United States, including tariffs. Due to the inherent uncertainty in the macroeconomic forecasts, BancShares utilizes baseline, upside, and downside macroeconomic scenarios and weights the scenarios based on review of variable forecasts for each scenario and comparison to expectations. At March 31, 2025, ALLL estimates in these scenarios ranged from approximately $1.42 billion, when weighing the upside scenario 100%, to approximately $2.17 billion when weighting the downside scenario 100%. BancShares management determined that an ALLL of $1.68 billion was appropriate as of March 31, 2025.  

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Table 31

ALLL for Loans and Leases

dollars in millionsThree Months Ended March 31, 2025CommercialConsumerSVBTotalBalance at beginning of period$1,063 $158 $455 $1,676 Provision for loan and lease losses105 10 33 148 Charge-offs(105)(8)(54)(167)Recoveries15 3 5 23 Balance at end of period$1,078 $163 $439 $1,680 Net charge-off ratio0.41 %Net charge-offs$90 $5 $49 $144 Average loans$140,780 Percent of loans in each category to total loans51 %20 %29 %100 %Three Months Ended December 31, 2024CommercialConsumerSVBTotalBalance at beginning of period$1,076 $150 $452 $1,678 Provision for loan and lease losses95 13 50 158 Charge-offs(120)(9)(64)(193)Recoveries12 4 17 33 Balance at end of period$1,063 $158 $455 $1,676 Net charge-off ratio0.46 %Net charge-offs$108 $5 $47 $160 Average loans$139,641 Percent of loans in each category to total loans51 %20 %29 %100 %Three Months Ended March