Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 415

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 415
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 NII, excluding PAA (non-GAAP)e = (a-d)$1,629 $1,588 $1,681 $3,216 $3,340 Annualized NIIf = a annualized$6,800 $6,744 $7,322 $6,772 $7,315 Annualized NII, excluding PAAg = e annualized6,533 6,439 6,760 6,486 6,715 Average interest-earning assetsh$208,175 $206,028 $200,705 $207,108 $199,646 NIM (GAAP)f/h3.26 %3.26 %3.64 %3.26 %3.66 %NIM, excluding PAA (non-GAAP)g/h3.14 3.12 3.36 3.13 3.36 Interest and fees on loans (GAAP)$2,270 $2,236 $2,422 $4,506 $4,776 Less: loan PAAb75 84 145 159 308 Interest and fees on loans, 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-G