Discontinued — last reported Q1 '24
Commercial Banking — Provision for Credit Losses
First Citizens BancShares Commercial Banking — Provision for Credit Losses decreased by 91.5% to $14.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric declined by 73.6%, from $53.00M to $14.00M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests management anticipates higher credit risk or economic downturns, while a decrease may signal improved borrower creditworthiness or a more optimistic economic outlook.
Detailed definition
This represents the expense set aside by the commercial banking segment to cover potential future losses from loan defau...
Peer comparison
Standard across all commercial banks, typically benchmarked as a percentage of total loans (allowance for loan and lease losses ratio).
fcnca_segment_commercial_banking_provision_for_credit_lossesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $0.00 | $0.00 | $0.00 | $58.00M | $61.00M | $53.00M | $168.00M | $132.00M | $164.00M | $14.00M |
| QoQ Change | — | — | — | — | +5.2% | -13.1% | +217.0% | -21.4% | +24.2% | -91.5% |
| YoY Change | — | — | — | — | — | — | — | +127.6% | +168.9% | -73.6% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is First Citizens BancShares's commercial banking — provision for credit losses?
- First Citizens BancShares (FCNCA) reported commercial banking — provision for credit losses of $14.00M in Q1 2024.
- How has First Citizens BancShares's commercial banking — provision for credit losses changed year-over-year?
- First Citizens BancShares's commercial banking — provision for credit losses decreased by 73.6% year-over-year, from $53.00M to $14.00M.
- What does commercial banking — provision for credit losses mean?
- The amount of money a bank sets aside to cover potential losses from loans that may not be repaid.