Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 359

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 2
Chunk 359
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AAc(9)(8)(4)PAAd = (b+c)75 82 159 NII, excluding PAA (non-GAAP)e = (a-d)$1,588 $1,627 $1,658 Annualized NIIf = a annualized$6,744 $6,798 $7,308 Annualized NII, excluding PAAg = e annualized6,439 6,472 6,670 Average interest-earning assetsh$206,028 $204,779 $198,587 NIM (GAAP)f/h3.26 %3.32 %3.67 %NIM, excluding PAA (non-GAAP)g/h3.12 3.16 3.35 Interest and fees on loans (GAAP)$2,236 $2,322 $2,354 Less: loan PAAb84 90 163 Interest and fees on loans, excluding loan PAA (non-GAAP)$2,152 $2,232 $2,191 

100

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 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 55

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-GAAP)b$173,033 $172,914 $172,428 $172,306 Total Risk Based Capital RatioTotal risk based capitalc$25,071 $23,758 $24,610 $23,975 Total risk based capital ratio (GAAP