Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 181

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 181
---
 1% from $414 million for the Linked Quarter, mostly due to a higher average balance.

◦Interest expense on borrowings for the Current Quarter was $356 million, an increase of $17 million or 5% from $339 million for the Linked Quarter, primarily due to a higher average balance and rate paid as the Linked Quarter Debt Issuances were outstanding for the entire Current Quarter. Refer to the “Recent Events” section of this MD&A for further discussion. 

◦Interest expense on interest-bearing deposits for the Current Quarter was $894 million, a modest increase of $1 million from $893 million for the Linked Quarter, as the impacts of a higher average balance and a higher day count were mostly offset by a lower rate paid.

•NIM for the Current Quarter and Linked Quarter was 3.26%, as a lower rate paid on interest-bearing deposits was offset by a higher average balance of interest-bearing deposits and borrowings, a higher rate paid on borrowings, and lower PAA. NIM, excluding PAA,(1) was 3.14% for the Current Quarter, an increase of 2 bps from 3.12% for the Linked Quarter. 

◦The yield on average interest-earning assets for the Current Quarter was 5.67%, a decrease of 1 bp from 5.68% for the Linked Quarter, mainly due to lower loan PAA.

◦The rate paid on average interest-bearing liabilities for the Current Quarter was 3.19%, a decrease of 3 bps from 3.22% for the Linked Quarter, 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 borrowings, and a higher rate paid on borrowings.

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 earned 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.

66

Table 6

Average Balances, Yields and Rates, NII, and NIM (Current Quarter to Prior Year Quarter)

dollars in millionsAverage BalanceY