Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 227

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 227
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 agreements428 431 (3)(1)0.52 0.47 51 1 — — — Senior unsecured borrowings169 376 (207)(55)4.88 2.50 2382 2 — (2)2 Subordinated debt959 911 48 5 3.36 3.29 78 8 — — — Other borrowings35,842 35,859 (17)— 3.66 3.66 —328 328 — — — Long-term borrowings36,970 37,146 (176)(1)3.66 3.64 2338 338 — (2)2 Total borrowings37,398 37,577 (179)(1)3.62 3.60 2339 339 — (2)2 Total interest-bearing liabilities$154,622 $145,641 $8,981 6 3.22 3.49 (27)$1,232 $1,267 $(35)$69 $(104)Noninterest-bearing liabilities$48,370 $48,942 $(572)(1)Stockholders' equity22,457 21,498 959 5 Total liabilities and stockholders’ equity$225,449 $216,081 $9,368 4 Net interest spread(2)2.46 %2.74 %(28)Net interest margin and net interest income (2)3.26 %3.67 %(41)$1,663 $1,817 $(154)

(1)     Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes accretion income and loan fees. 

(2)    The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables.

65

The following table includes the average interest-earning assets by category:  

Table 7

Average Interest-earning Asset Mix

% of Average Interest-earning AssetsThree Months EndedMarch 31, 2025December 31, 2024March 31, 2024Loans and leases68 %68 %67 %Investment securities21