Discontinued — last reported Q2 '23
Commercial Banking — Provision (benefit) for credit losses
First Citizens BancShares Commercial Banking — Provision (benefit) for credit losses increased by 246.9% to $170.00M in Q2 2023 compared to the prior quarter. Year-over-year, this metric grew by 385.7%, from $35.00M to $170.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests deteriorating credit quality or portfolio growth, while a decrease may signal improving economic conditions or a more conservative risk profile.
Detailed definition
This represents the non-cash expense charged to the commercial banking segment's income statement to maintain an adequat...
Peer comparison
Standardized across the banking industry as the Provision for Credit Losses (PCL), used to evaluate credit risk management effectiveness.
fcnca_segment_commercial_banking_provision_benefit_for_credit_lossesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $1.00M | $0.00 | $0.00 | -$34.00M | $35.00M | $58.00M | $61.00M | $49.00M | $170.00M |
| QoQ Change | — | -100.0% | — | — | +202.9% | +65.7% | +5.2% | -19.7% | +246.9% |
| YoY Change | — | — | — | — | >999% | — | — | +244.1% | +385.7% |
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Frequently Asked Questions
- What is First Citizens BancShares's commercial banking — provision (benefit) for credit losses?
- First Citizens BancShares (FCNCA) reported commercial banking — provision (benefit) for credit losses of $170.00M in Q2 2023.
- How has First Citizens BancShares's commercial banking — provision (benefit) for credit losses changed year-over-year?
- First Citizens BancShares's commercial banking — provision (benefit) for credit losses increased by 385.7% year-over-year, from $35.00M to $170.00M.
- What does commercial banking — provision (benefit) for credit losses mean?
- The amount of money set aside by the bank to cover potential future losses from commercial loans that may not be repaid.