Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 87

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 87
---
II, 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 57

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

dollars in millionsThree Months EndedSix Months EndedJune 30, 2025March 31, 2025June 30, 2024June 30, 2025June 30, 2024NII (GAAP)a$1,695 $1,663 $1,821 $3,358 $3,638 Loan PAAb75 84 145 159 308 Other PAAc(9)(9)(5)(17)(10)PAAd = (b+c)66 75 140 142 298 NII, excluding PAA (non-GAAP)e = (a-d)$1,629 $1,588 $1,681 $3,216 $3,340 Annualized NIIf = a annualized$6,800 $6,744 $7,322 $6,772 $7,315 Annualized NII, excluding PAAg = e annualized6,533 6,439 6,760 6,486 6,715 Average interest-earning assetsh$208,175 $206,028 $200,705 $207,108 $199,646 NIM (GAAP)f/h3.26 %3.26 %3.64 %3.26 %3.66 %NIM, excluding PAA (non-GAAP)g/h3.14 3.12 3.36 3.13 3.36 Interest and fees on loans (GAAP)$2,270 $2,236 $2,422 $4,506 $4,776 Less: loan PAAb75 84 145 159 308 Interest and fees on loans