Allowance for credit losses
First Citizens BancShares Allowance for credit losses decreased by 0.5% to $1.56B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 7.3%, from $1.68B to $1.56B. Over 5 years (FY 2020 to FY 2025), Allowance for credit losses shows an upward trend with a 47.4% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests higher expected defaults or a more conservative risk assessment, while a decrease suggests improved borrower creditworthiness.
Detailed definition
A contra-asset account representing the estimated amount of uncollectible loans and receivables within the company's len...
Peer comparison
Standard for financial institutions; peers with higher-risk loan portfolios will typically maintain higher allowance ratios.
bank_allowance_for_credit_lossesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $189.00M | $183.00M | $178.00M | $848.00M | $850.00M | $882.00M | $922.00M | $1.61B | $1.64B | $1.67B | $1.75B | $1.74B | $1.70B | $1.68B | $1.68B | $1.68B | $1.67B | $1.65B | $1.57B | $1.56B |
| QoQ Change | — | -3.2% | -2.7% | +376.4% | +0.2% | +3.8% | +4.5% | +74.1% | +2.0% | +2.2% | +4.4% | -0.6% | -2.1% | -1.3% | -0.1% | +0.2% | -0.5% | -1.2% | -5.2% | -0.5% |
| YoY Change | — | — | — | — | +349.7% | +382.0% | +418.0% | +89.3% | +92.6% | +89.7% | +89.5% | +8.2% | +3.8% | +0.3% | -4.1% | -3.3% | -1.6% | -1.5% | -6.6% | -7.3% |
| % of Net loans | 0.6% | 0.6% | 0.6% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Share Change | — | -0.0pp | -0.0pp | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Allowance for credit losses at Other Companies
Frequently Asked Questions
- What is First Citizens BancShares's allowance for credit losses?
- First Citizens BancShares (FCNCA) reported allowance for credit losses of $1.56B in Q1 2026.
- How has First Citizens BancShares's allowance for credit losses changed year-over-year?
- First Citizens BancShares's allowance for credit losses decreased by 7.3% year-over-year, from $1.68B to $1.56B.
- What is the long-term trend for First Citizens BancShares's allowance for credit losses?
- Over 5 years (2020 to 2025), First Citizens BancShares's allowance for credit losses has grown at a 47.4% compound annual growth rate (CAGR), from $225.00M to $1.57B.
- What does allowance for credit losses mean?
- The reserve set aside to cover potential losses from loans that may not be repaid.