Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 405

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 405
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.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  %12.10  %ALLL ratio4.80  %4.59  %4.59  %

Loans to Nondepository Financial Institutions (“NDFIs”)

As of September 30, 2025, loans to NDFIs were approximately $33.59 billion, comprised of the following:

•Approximately $31.25 billion of loans to NDFIs was included in global fund banking loans, mainly consisting of capital call lines of approximately $28.64 billion, the repayment of which is dependent on the payment of capital calls by the underlying limited partner investors in funds managed by certain private equity and venture capital firms. The credit quality is strong for capital call lines based on the structural protection provided by the funds and the underlying investors. Global fund banking loans have a lower loss rate relative to our other loan