Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 186

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 186
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earning portion of factoring receivables.

68

NII and NIM - Current YTD compared to Prior YTD 

The table above quantifies the increases or decreases for the Current YTD compared to the Prior YTD 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 and NIM

•NII for the Current YTD was $3.36 billion, a decrease of $280 million or 8% from $3.64 billion for the Prior YTD. NII, excluding PAA,(1) was $3.22 billion for the Current YTD, a decrease of $124 million from $3.34 billion for the Prior YTD. The main reasons for the decreases in NII and NII, excluding PAA,(1) are explained below: 

◦Interest and fees on loans for the Current YTD was $4.51 billion, a decrease of $270 million or 6% from $4.78 billion for the Prior YTD, mainly due to lower yields and loan PAA, partially offset by the impact of a higher average balance. 

•Loan PAA was $159 million in the Current YTD, a decrease of $149 million from $308 million for the Prior YTD. 

•Interest and fees on loans, excluding loan PAA,(1) was $4.35 billion for the Current YTD, a decrease of $121 million from $4.47 billion for the Prior YTD.

◦Interest income on investment securities (including securities purchased under agreements to resell) for the Current YTD was $833 million, an increase of $221 million or 36% from $612 million for the Prior YTD. The increase was mainly due to a higher yield and average balance. 

◦Interest income on interest-earning deposits at banks for the Current YTD was $501 million, a decrease of $325 million or 39% from $826 million for the Prior YTD, due to a lower average balance and a decline in the federal funds rate. 

◦Interest expense on interest-bearing deposits for the Current YTD was $1.79 billion, a decrease of $116 million or 6