Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 24

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 2
Chunk 24
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 6 3.19 3.53 (34)$3,746 $3,918 $(172)$231 $(403)Noninterest-bearing liabilities$48,630 $48,310 $320 1 Stockholders' equity22,411 22,197 214 1 Total liabilities and stockholders’ equity$227,862 $218,487 $9,375 4 Net interest spread (2)2.47 %2.69 %(22)Net interest margin and net interest income (2)3.26 %3.62 %(36)$5,092 $5,434 $(342)

(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.

70

NII and NIM (Current YTD Compared to Prior YTD) 

The table above quantifies the increases or decreases for the current YTD compared to the prior YTD 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 for the current YTD was $5.09 billion, a decrease of $342 million or 6%, from $5.43 billion for the prior YTD. NII, excluding PAA,(1) was $4.89 billion for the current YTD, a decrease of $145 million, from $5.04 billion for the prior YTD. The main reasons for the decreases in NII and NII, excluding PAA,(1) are explained below: 

◦Interest income on interest-earning deposits at banks for the current YTD was $766 million, a decrease of $410 million or 35%, from $1.18 billion for the prior YTD, due to a lower average balance and a decline in the federal funds rate. 

◦Interest and fees on loans for the current YTD was $6.81 billion, a decrease of $400 million or 6%, from $7.21