Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 185

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 185
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$48,103 $1,302 3 Stockholders' equity22,291 22,488 (197)(1)Total liabilities and stockholders’ equity$230,529 $227,552 $2,977 1 Net interest spread (2)2.48 %2.48 %—Net interest margin and net interest income (2)3.26 %3.26 %—$1,734 $1,695 $39 

(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.

67

NII and NIM (Current Quarter Compared to Linked Quarter)

The table above quantifies the increases or decreases for the current quarter compared to the linked quarter for NII and NIM, as well as average balances of interest-earning assets and interest-bearing liabilities, and the respective yields earned and rates paid. The main reasons for the increases and decreases are explained below:

•NII for the current quarter was $1.73 billion, an increase of $39 million or 2%, from $1.70 billion for the linked quarter. NII, excluding PAA,(1) was $1.67 billion for the current quarter, an increase of $44 million from $1.63 billion, for the linked quarter. The main reasons for the increases in NII and NII, excluding PAA,(1) are explained below:

◦Interest and fees on loans for the current quarter was $2.30 billion, an increase of $30 million or 1%, from $2.27 billion for the linked quarter. The increase was mainly due to a higher day count and a higher average balance, partially offset by a modest decline in yield. 

▪Interest and fees on loans, excluding loan PAA,(1) were $2.23 billion for the current quarter, an increase of $34 million, from $2.20 billion for the linked quarter.

▪Loan PAA was $71 million for the current quarter, a decrease of $4 million, from $75 million