First Citizens BancShares (First Citizens BancShares) Allowance For Loans And Lease Losses : $-1,737 Mil (As of Mar. 2024)

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What is First Citizens BancShares Allowance For Loans And Lease Losses?

First Citizens BancShares's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2024 was $-1,737 Mil.

First Citizens BancShares's quarterly Allowance For Loans And Lease Losses declined from Sep. 2023 ($-1,673 Mil) to Dec. 2023 ($-1,747 Mil) but then increased from Dec. 2023 ($-1,747 Mil) to Mar. 2024 ($-1,737 Mil).

First Citizens BancShares's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-178 Mil) to Dec. 2022 ($-922 Mil) and declined from Dec. 2022 ($-922 Mil) to Dec. 2023 ($-1,747 Mil).

First Citizens BancShares Allowance For Loans And Lease Losses Historical Data

The historical data trend for First Citizens BancShares's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Citizens BancShares Allowance For Loans And Lease Losses Chart

First Citizens BancShares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-225.14

-224.31

-178.00

-922.00

-1,747.00

First Citizens BancShares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-1,605.00	-1,637.00	-1,673.00	-1,747.00	-1,737.00

First Citizens BancShares Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

First Citizens BancShares Allowance For Loans And Lease Losses Related Terms

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First Citizens BancShares (First Citizens BancShares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Citizens BancShares Inc (OTCPK:FCNCB) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

FCNCO.PFD:USA FCNCP.PFD:USA FCNCA:USA

Address

4300 Six Forks Road, Raleigh, NC, USA, 27609

Website

https://www.firstcitizens.com

First Citizens BancShares Inc is the bank holding company of First Citizens Bank & Trust Company. FCB was founded as the Bank of Smithfield in North Carolina and has expanded through both de novo branching and acquisitions. FCB currently operates in nearly half of the continental United States, but principally takes deposits in the Carolinas. The bank's operations have historically been influenced by the Holding family, which has traditionally held executive and director positions, as well as controlling a large percentage of its outstanding stock. FCB provides a wide range of retail and commercial banking services, including traditional lending and deposit-taking, as well as trust and wealth management. FCB's main source of revenue is net interest income.