Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 17

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 17
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3.75 3,882 103 2.66 1,020 52 1,072 Total borrowings31,843 1,182 3.71 5,296 132 2.49 988 62 1,050 Total interest-bearing liabilities$122,773 $3,679 3.00 %$68,894 $467 0.68 %$1,250 $1,962 $3,212 Noninterest-bearing deposits$39,660 $26,318 Credit balances of factoring clients1,166 1,153 Other noninterest-bearing liabilities12,745 2,274 Stockholders' equity17,937 10,276 Total liabilities and stockholders’ equity$194,281 $108,915 Interest rate spread (2)3.08 %2.98 %Net interest income and net yield on interest-earning assets (2)$6,712 3.92 %$2,946 3.16 %

(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 balance and rate presented are calculated net of average credit balances and deposits of factoring clients.

58

The following table includes the average interest-earning assets by category:  

Table 7

Average Interest-earning Asset Mix

% of Average Interest-earning AssetsYear Ended December 31,202420232022Loans and leases68 %69 %71 %Investment securities18 14 21 Interest-earning deposits at banks14 17 8 Total interest-earning assets100 %100 %100 %

The following table shows the average interest-bearing liability mix: 

Table 8

Average Interest-bearing Liability Mix

% of Average Interest-bearing LiabilitiesYear Ended December 31,202420232022Total interest-bearing deposits75 %74 %92 %Securities sold under customer repurchase agreements— — 1 Other short-term borrowings— — 1 Long-term borrowings25 26 6 Total interest-bearing liabilities100 %100 %100 %

Provision for Credit Losses

The provision for credit losses for the Current Year was $431 million, a decrease of $944 million or 69% from $