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

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 25
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 from 3.36% for the Prior YTD. 

◦The yield on average interest-earning assets for the Current YTD was 5.67%, a decrease of 58 bps from 6.25% for the Prior YTD, mainly due to declines in yields on loans and interest-earning deposits at banks, as well as lower loan PAA, partially offset by a higher yield on investment securities.

◦The rate paid on average interest-bearing liabilities for the Current YTD was 3.20%, a decrease of 32 bps from 3.52% for the Prior YTD, primarily due to a lower rate paid on interest-bearing deposits, partially offset by the impacts of a higher average balance of interest-bearing deposits, and a higher average balance and rate paid for borrowings as a result of the Linked Quarter Debt Issuances. 

Refer to the “Financial Performance Summary—Balance Sheet Highlights,” “Interest-earning Assets,” and “Interest-bearing Liabilities” sections of this MD&A for discussions of balance sheet trends that impact average interest-earning assets, average interest-bearing liabilities, and the related yields and rates paid.

(1) Refer to the “NII, NIM, and Interest and Fees on Loans, Excluding PAA” discussion in the “Non-GAAP Financial Measurements” section of this MD&A for further information.

The following table shows the types of average interest-earning assets as a percentage of total average interest-earning assets.  

Table 8

Average Interest-earning Asset Mix

Three Months EndedSix Months EndedJune 30, 2025March 31, 2025June 30, 2024June 30, 2025June 30, 2024Loans and leases68 %68 %68 %68 %67 %Investment securities21 21 18 21 17 Interest-earning deposits at banks11 11 14 11 16 Total interest-earning assets100 %100 %100 %100 %100 %

69

The following table shows the types of average interest-bearing liabilities as a percentage of total average interest-bearing liabilities.  

Table 9

Average Interest-bearing Liability Mix

Three Months EndedSix Months EndedJune 30, 2025March 31, 2025June 30, 2024June 30, 2025June 30, 2024Total interest-bearing deposits76 %76 %75 %76