Discontinued — last reported Q1 '24
Business Segments · Provision for Credit Losses
General Banking — Provision for Credit Losses
First Citizens BancShares General Banking — Provision for Credit Losses increased by 21.7% to $28.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 180.0%, from $10.00M to $28.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2021
Last reportedQ1 2024
How to read this metric
An increase suggests higher perceived credit risk or portfolio growth, while a decrease may indicate improved credit quality or a more optimistic economic outlook.
Detailed definition
This represents the expense set aside by the bank to cover potential future losses from loan defaults or credit deterior...
Peer comparison
Standard across all commercial banks under CECL or similar accounting frameworks.
Metric ID:
fcnca_segment_general_banking_provision_for_credit_lossesHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$9.25M | -$9.25M | -$9.25M | $2.00M | $18.00M | $10.00M | $31.00M | $7.00M | $23.00M | $28.00M |
| QoQ Change | — | +0.0% | +0.0% | +121.6% | +800.0% | -44.4% | +210.0% | -77.4% | +228.6% | +21.7% |
| YoY Change | — | — | — | +121.6% | +294.6% | — | — | +250.0% | +27.8% | +180.0% |
Range-$9.25M – $31.00M
CAGR+63.6%
Avg YoY Growth+174.8%
Median YoY Growth+180.0%
Current Streak2 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is First Citizens BancShares's general banking — provision for credit losses?
- First Citizens BancShares (FCNCA) reported general banking — provision for credit losses of $28.00M in Q1 2024.
- How has First Citizens BancShares's general banking — provision for credit losses changed year-over-year?
- First Citizens BancShares's general banking — provision for credit losses increased by 180.0% year-over-year, from $10.00M to $28.00M.
- What does general banking — provision for credit losses mean?
- The amount of money a bank sets aside to cover expected losses from bad loans.