Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 223

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 223
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248 1 3.66 3.64 2338 334 4 3 1 Total borrowings37,398 37,092 306 1 3.62 3.61 1339 335 4 3 1 Total interest-bearing liabilities$154,622 $151,657 $2,965 2 3.22 3.39 (17)$1,232 $1,292 $(60)$19 $(79)Noninterest-bearing liabilities$48,370 $49,451 $(1,081)(2)Stockholders' equity22,457 22,598 (141)(1)Total liabilities and stockholders’ equity$225,449 $223,706 $1,743 1 Net interest spread(2)2.46 %2.44 %2Net interest margin and net interest income (2)3.26 %3.32 %(6)$1,663 $1,709 $(46)

(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.

63

NII, NIM, and Average Balances  (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 and rates paid. The main reasons for the increases and decreases are explained below.

NII and NIM

•NII for the Current Quarter was $1.66 billion, a decrease of $46 million or 3% from $1.71 billion for the Linked Quarter. NII, excluding PAA,(1) was $1.59 billion for the Current Quarter, a decrease of $39 million from $1.63 billion for the Linked Quarter. The main reasons for the decreases in NII and NII, excluding PAA,(1) are explained below.

◦Interest and fees on loans for the Current Quarter was $2.24 billion, a decrease of