Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 249

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 249
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 operating lease equipmenta56 54 50 110 100 Less: maintenance and other operating lease expensesb55 58 60 113 105 Net rental income on operating lease equipment (non-GAAP)$107 $102 $91 $209 $194 Total noninterest income (GAAP)c$221 $216 $203 $437 $405 Noninterest income, net of depreciation and maintenance (non-GAAP)c-a-b110 104 93 214 200 Total revenue (GAAP)d168 164 158 332 317 Revenue, net of depreciation and maintenance (non-GAAP)d-a-b57 52 48 109 112 Total noninterest expense (GAAP)e143 134 131 277 248 Noninterest expense, net of depreciation and maintenance (non-GAAP)e-a-b32 22 21 54 43 

105

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

NII and NIM, excluding PAA, and interest and fees on loans, excluding loan PAA are meaningful metrics as they allow management to analyze NII, 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