Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 36

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 36
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 partially offset by higher income tax expense. 

•The $38 million decrease in provision for credit losses was mainly due to lower net charge-offs compared to the Linked Quarter and a modest shift in our weighting from the downside to baseline economic scenario as further discussed in the “ALLL Methodology” section of this MD&A.

•The $29 million increase in all other noninterest income was mainly attributable to the positive impacts from fair value changes in customer derivative positions, higher lending-related fees and other non-marketable investments, as well as the Linked Quarter write-down of a held for sale asset. 

•The $20 million increase in income tax expense reflected higher income before income taxes.

Commercial Bank segment loans were $38.69 billion at June 30, 2025, an increase of $60 million compared to $38.63 billion at March 31, 2025, primarily due to growth in the real estate finance and equipment finance portfolios. 

Commercial Bank segment deposits were $2.90 billion at June 30, 2025, a decrease of $95 million from $2.99 billion at March 31, 2025, mostly due to a decline in checking with interest. 

Commercial Bank segment net income for the Current YTD decreased $90 million compared to the Prior YTD, primarily due to higher provision for credit losses, higher noninterest expense, and lower NII, partially offset by lower income tax expense. 

75

•The $73 million increase in provision for credit losses was mainly due to higher net charge-offs in the Current YTD and the impact of loan growth, partially offset by the modest shift in our scenario weighting as further discussed in the “ALLL Methodology” section of this MD&A.

•The $38 million net increase in all other noninterest expenses is spread amongst various accounts, including Allocated Expenses. Refer to the “Noninterest Expense” discussion in the “Results of Operations” section of this MD&A for further information regarding trends in consolidated noninterest expense.

•The $19 million decrease in NII was mostly due to lower loan yields, partially offset by the impact of loan growth. 

•The $36 million decrease in income tax expense reflected lower income before income taxes.

SVB Commercial

Table 17

SVB Commercial: Financial Data

dollars in millionsThree Months EndedIncrease (Decrease) from Linked QuarterSix Months EndedIncrease (Decrease)Year to DateEarnings SummaryJune 30, 2025March