Discontinued — last reported Q1 '24
Business Segments · Provision for Credit Losses
Silicon Valley Banking — Provision for Credit Losses
First Citizens BancShares Silicon Valley Banking — Provision for Credit Losses decreased by 64.5% to $22.00M in Q1 2024 compared to the prior quarter. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2021
Last reportedQ1 2024
How to read this metric
An increase often signals deteriorating credit quality or a more conservative outlook on loan portfolio risk.
Detailed definition
This is an expense set aside by the Silicon Valley Banking segment to cover potential future losses from loans that may...
Peer comparison
Standard across the banking industry; peers adjust this based on their specific loan portfolio risk profiles.
Metric ID:
fcnca_segment_silicon_valley_banking_provision_for_credit_lossesHistorical Data
9 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q3 '22 | Q4 '22 | Q1 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $56.00M | $62.00M | $22.00M |
| QoQ Change | — | — | — | — | — | — | — | +10.7% | -64.5% |
Range$0.00 – $62.00M
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Frequently Asked Questions
- What is First Citizens BancShares's silicon valley banking — provision for credit losses?
- First Citizens BancShares (FCNCA) reported silicon valley banking — provision for credit losses of $22.00M in Q1 2024.
- What does silicon valley banking — provision for credit losses mean?
- The amount of money the segment sets aside to cover expected losses from bad loans.