Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 174

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 174
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 stockholders’ equity21,986 22,296 22,828 22,228 Loan to deposit ratio88.71 %88.33 %91.50 %90.33 %Noninterest-bearing deposits to total deposits26.20 25.56 25.99 24.89 Capital Ratios:Total risk-based capital14.05 %14.25 %15.36 %15.04 %Tier 1 risk-based capital12.15 12.63 13.78 13.53 Common equity Tier 111.65 12.12 13.24 12.99 Tier 1 leverage9.34 9.62 10.17 9.90 Select Asset Quality Metrics:Ratio of nonaccrual loans to total loans0.97 %0.93 %0.90 %0.84 %Allowance for loan and lease losses to loans ratio1.14 1.18 1.21 1.20 

(1)     Calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. 

(2)     Net interest margin (“NIM”), excluding purchase accounting accretion or amortization (“PAA”), is a non-GAAP financial measure. Refer to the “NII, NIM, and Interest and Fees on Loans, Excluding PAA” discussion in the “Non-GAAP Financial Measurements” section of this MD&A for a reconciliation from the most comparable GAAP measure to the non-GAAP measure. 

(3)  Average loan balances include loans held for sale and nonaccrual loans.

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Financial highlights are summarized below. Further details are discussed in the “Results of Operations” and “Balance Sheet Analysis” sections of this MD&A. 

Third Quarter Income Statement Highlights 

•Net income for the current quarter was $568 million, a decrease of $7 million or 1% from $575 million for the linked quarter. Net income available to common stockholders for the current quarter was $554 million, a decrease of $7 million or 1% from $561 million for the linked quarter. Earnings per basic and diluted common share for the current quarter was $43.08, an increase from $42.36 for the linked quarter. The decrease in net income available to common stockholders was due