Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 17

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 17
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3.36 18719 8 11 5 6 Other borrowings35,880 35,842 38 — 3.66 3.66 —329 328 1 1 — Long-term borrowings37,908 36,970 938 3 3.74 3.66 8356 338 18 11 7 Total borrowings38,379 37,398 981 3 3.71 3.62 9356 339 17 10 7 Total interest-bearing liabilities$156,961 $154,622 $2,339 2 3.19 3.22 (3)$1,250 $1,232 $18 $33 $(15)Noninterest-bearing liabilities$48,103 $48,370 $(267)(1)Stockholders' equity22,488 22,457 31 — Total liabilities and stockholders’ equity$227,552 $225,449 $2,103 1 Net interest spread(2)2.48 %2.46 %2Net interest margin and net interest income (2)3.26 %3.26 %—$1,695 $1,663 $32 

(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.

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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 earned and rates paid. The main reasons for the increases and decreases are explained below:

NII and NIM

•NII for the Current Quarter was $1.70 billion, an increase of $32 million or 2% from $1.66 billion for the Linked Quarter. NII, excluding PAA,(1) was $1.63 billion for the Current Quarter, an increase of $41