Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 428

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 428
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,673 $1,629 $1,695 $4,890 $5,035 Annualized NIIf = a annualized$6,878 $6,800 $7,147 $6,808 $7,259 Annualized NII, excluding PAAg = e annualized6,637 6,533 6,746 6,537 6,726 Average interest-earning assetsh$211,042 $208,175 $202,199 $208,432 $200,503 NIM (GAAP)f/h3.26 %3.26 %3.53 %3.26 %3.62 %NIM, excluding PAA (non-GAAP)g/h3.15 3.14 3.33 3.13 3.35 Interest and fees on loans (GAAP)$2,300 $2,270 $2,430 $6,806 $7,206 Less: loan PAAb71 75 107 230 415 Interest and fees on loans, excluding loan PAA (non-GAAP)$2,229 $2,195 $2,323 $6,576 $6,791 

109

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 the 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 58Adjusted Risk-Based Capital Ratios

December 31, 2024BancSharesFCBRisk-weighted assets (GAAP)a$163,615 $163,493 Plus: impact of FDIC Shared-Loss Agreement8,813 8,813 Adjusted risk-weighted assets (non-GAAP)b$172,428 $172,306 Total Risk-Based Capital RatioTotal risk-based capitalc$24,610 $23,975 Total risk-based capital ratio (GAAP)c/a15.04 %14