Discontinued — last reported Q2 '23
General Banking — Provision (benefit) for credit losses
First Citizens BancShares General Banking — Provision (benefit) for credit losses increased by 107.1% to $29.00M in Q2 2023 compared to the prior quarter. Year-over-year, this metric grew by 314.3%, from $7.00M to $29.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase typically signals deteriorating credit quality or portfolio growth, while a decrease may signal improving credit conditions or a reduction in risk exposure.
Detailed definition
This metric reflects the expense or benefit recognized by the banking segment to maintain an adequate allowance for loan...
Peer comparison
Standardized as Provision for Credit Losses (PCL) across the banking industry under GAAP and IFRS accounting standards.
fcnca_segment_general_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 | -$21.00M | -$1.00M | -$5.00M | -$15.00M | $7.00M | $2.00M | $18.00M | $14.00M | $29.00M |
| QoQ Change | — | +95.2% | -400.0% | -200.0% | +146.7% | -71.4% | +800.0% | -22.2% | +107.1% |
| YoY Change | — | — | — | — | +133.3% | +300.0% | +460.0% | +193.3% | +314.3% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is First Citizens BancShares's general banking — provision (benefit) for credit losses?
- First Citizens BancShares (FCNCA) reported general banking — provision (benefit) for credit losses of $29.00M in Q2 2023.
- How has First Citizens BancShares's general banking — provision (benefit) for credit losses changed year-over-year?
- First Citizens BancShares's general banking — provision (benefit) for credit losses increased by 314.3% year-over-year, from $7.00M to $29.00M.
- What does general banking — provision (benefit) for credit losses mean?
- The amount set aside by the bank to cover potential losses from loans that may not be repaid.