Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 88

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 88
---
, excluding loan PAA (non-GAAP)$2,195 $2,152 $2,277 $4,347 $4,468 

106

Adjusted Risk-Based Capital Ratios

FCB and the FDIC entered into the Shared-Loss Termination Agreement on April 7, 2025, after which time FCB and BancShares were no longer permitted to apply favorable RWA assumptions to the Covered Assets under the Shared-Loss Agreement. Adjusted risk-based capital ratios exclude the favorable impact of the Shared-Loss Agreement and are meaningful metrics as these ratios are expected to decrease in future periods.

The following table reconciles the Shared-Loss Agreement impact to the total risk-based, CET1 and tier 1 capital ratios of BancShares and FCB:

Table 58

Adjusted Risk-Based Capital Ratios

March 31, 2025December 31, 2024BancSharesFCBBancSharesFCBRisk-weighted assets (GAAP)a$164,574 $164,455 $163,615 $163,493 Plus: impact of FDIC Shared-Loss Agreement8,459 8,459 8,813 8,813 Adjusted risk-weighted assets (non-GAAP)b$173,033 $172,914 $172,428 $172,306 Total Risk-Based Capital RatioTotal risk-based capitalc$25,071 $23,758 $24,610 $23,975 Total risk-based capital ratio (GAAP)c/a15.23 %14.45 %15.04 %14.66 %Less: impact of FDIC Shared-Loss Agreement0.74 0.71 0.77 0.75 Adjusted total risk-based capital ratio (non-GAAP)c/b14.49 %13.74 %14.27 %13.91 %CET1 Capital RatioCET1 capitald$21,089 $21,682 $21,256 $21,852 CET1 capital ratio (GAAP)d/a12.81 %13.18 %12.99 %13.37 %Less: impact of FDIC Shared-Loss Agreement0.62 0.64 0.66 0.69 Adjusted CET1 capital ratio (non-GAAP)d/b12.19 %12.54 %12.33 %12.68 %