Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 427

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 427
---
 56 52 165 152 Less: maintenance and other operating lease expensesb67 55 59 180 164 Net rental income on operating lease equipment (non-GAAP)$97 $107 $94 $306 $288 Total noninterest income (GAAP)c$221 $221 $207 $658 $612 Noninterest income, net of depreciation and maintenance (non-GAAP)c-a-b99 110 96 313 296 Total revenue (GAAP)d166 168 159 498 476 Revenue, net of depreciation and maintenance (non-GAAP)d-a-b44 57 48 153 160 Total noninterest expense (GAAP)e144 143 131 421 379 Noninterest expense, net of depreciation and maintenance (non-GAAP)e-a-b22 32 20 76 63 

108

NII, NIM, and Interest and Fees on Loans, Excluding PAA

NII and NIM, excluding PAA, and interest and fees on loans, excluding loan PAA are meaningful metrics as they allow management to analyze NII, NIM and loan interest income trends more directly related to the rates of the underlying interest-earning assets and interest-bearing liabilities. Loan PAA is primarily related to the loan discount in the SVBB Acquisition. Other PAA is primarily related to the discount on the Purchase Money Note and the premium on deposits assumed in the merger with CIT Group Inc.

The following table reconciles NII to NII, excluding PAA, NIM to NIM, excluding PAA, and interest and fees on loans to interest and fees on loans, excluding loan PAA:

Table 57NII, NIM, and Interest and Fees on Loans, Excluding PAA

dollars in millionsThree Months EndedNine Months EndedSeptember 30, 2025June 30, 2025September 30, 2024September 30, 2025September 30, 2024NII (GAAP)a$1,734 $1,695 $1,796 $5,092 $5,434 Loan PAAb71 75 107 230 415 Other PAAc(10)(9)(6)(28)(16)PAAd = (b+c)61 66 101 202 399 NII, excluding PAA (non-GAAP)e = (a-d)$1