Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 31

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 2
Chunk 31
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20 1 2 97 52 45 86 Acquisition-related expenses28 38 46 (10)(27)108 148 (40)(27)Intangible asset amortization13 13 15 — — 41 47 (6)(14)Other noninterest expense109 129 111 (20)(15)348 318 30 9 Total noninterest expense$1,491 $1,500 $1,456 $(9)(1)%$4,484 $4,218 $266 6 %

Noninterest expense for the current quarter was $1.49 billion, a decrease of $9 million or 1%, from $1.50 billion for the linked quarter as further discussed below:

•The decrease in other noninterest expense of $20 million was mainly due to the linked quarter including accruals for $15 million resulting from a vendor dispute and an increase in litigation reserves. 

•The decrease in acquisition-related expenses of $10 million is summarized in Table 13 below.

•The increase in maintenance and other operating lease expenses of $12 million is discussed in the “Results by Segment—Rail” section of this MD&A. 

•The increase in personnel cost of $7 million was due to an additional payroll day and net staff additions partially offset by a decline in temporary contractor costs.

•The increase in equipment expense of $6 million was mainly due to higher software-related costs.

Noninterest expense for the current YTD was $4.48 billion, an increase of $266 million or 6%, from $4.22 billion for the prior YTD as further discussed below:

•The increase in personnel cost of $168 million was mainly due to net staff additions, annual merit increases, and promotions.

•The increase in marketing expense of $45 million was primarily due to marketing for Direct Bank deposits.

•The increase in equipment expense of $36 million was mostly due to higher software-related costs, including accelerated depreciation.

•The increase in other noninterest expense of $30 million was largely due to the linked quarter accruals of $15 million discussed above.

•The increase of $20 million in third-party processing fees was due to higher transaction volume and additional services.

•The increase of $16 million in maintenance and other operating lease expenses are discussed in the “Results by Segment—Rail” section of this MD&A.