FCNCO.PFD (First Citizens BancShares) Credit Losses Provision : $521.00 Mil (As of Mar. 2025)

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What is First Citizens BancShares Credit Losses Provision?

First Citizens BancShares's credit losses provision for the three months ended in Mar. 2025 was $154.00 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2025 was $521.00 Mil.

First Citizens BancShares's quarterly credit losses provision increased from Sep. 2024 ($117.00 Mil) to Dec. 2024 ($155.00 Mil) but then declined from Dec. 2024 ($155.00 Mil) to Mar. 2025 ($154.00 Mil).

First Citizens BancShares's annual credit losses provision increased from Dec. 2022 ($645.00 Mil) to Dec. 2023 ($1,375.00 Mil) but then declined from Dec. 2023 ($1,375.00 Mil) to Dec. 2024 ($431.00 Mil).

First Citizens BancShares Credit Losses Provision Historical Data

The historical data trend for First Citizens BancShares's Credit Losses Provision 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 Credit Losses Provision Chart

First Citizens BancShares Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Credit Losses Provision

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58.00

-37.00

645.00

1,375.00

431.00

First Citizens BancShares Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Credit Losses Provision	Get a 7-Day Free Trial															64.00	95.00	117.00	155.00	154.00

First Citizens BancShares Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $521.00 Mil.

First Citizens BancShares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Citizens BancShares Inc (NAS:FCNCO.PFD) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

FCNCP.PFD:USA FCNCB: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 and Trust Company. The company's segments include the General Bank, the Commercial Bank, SVB Commercial, and Rail. The General Bank segment delivers products and services to consumers and businesses through our extensive network of branches and various digital channels. The Commercial Bank segment provides financial services, including lending, leasing, and advisory, to small and mid-market businesses across various industries. The SVB Commercial provides financial services to innovators, investors, and venture firms. The Rail segment provides tailored leasing and financing for railcars and locomotives across North America. It generates the majority of its revenue from the General Banking segment.