Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 11

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 11
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 following:

•The change in NII due to volume is calculated as the change in average balance multiplied by the yield or rate from the prior period. 

•The change in NII due to yield or rate is calculated as the change in yield or rate multiplied by the average balance from the prior period. 

•The change in NII due to changes in both volume and yield or rate (i.e., portfolio mix) is calculated as the change in rate multiplied by the change in volume. This component is allocated between the changes due to volume and yield or rate based on the ratio each component bears to the absolute dollar amounts of their total. 

•Tax equivalent NII was not materially different from NII, therefore we present NII in our analysis.

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Table 5

Average Balances and Yields/Rates 

dollars in millionsYear EndedDecember 31, 2024December 31, 2023Change in NII Due to:AverageBalanceIncome /ExpenseYield /RateAverageBalanceIncome /ExpenseYield /RateVolume(1)Yield /Rate(1)Total ChangeLoans and leases (1)(2)$136,026 $9,528 7.00 %$117,708 $8,187 6.95 %$1,278 $63 $1,341 Investment securities37,029 1,334 3.60 23,112 640 2.77 462 232 694 Securities purchased under agreements to resell247 13 5.18 161 8 5.20 5 — 5 Interest-earning deposits at banks28,276 1,478 5.23 29,790 1,556 5.22 (79)1 (78)Total interest-earning assets (2)$201,578 $12,353 6.12 %$170,771 $10,391 6.08 %$1,666 $296 $1,962 Operating lease equipment, net$9,003 $8,495 Cash and due from banks753 879 Allowance for loan and lease losses(1,748)(1,495)All other noninterest-earning assets10,214 15,631 Total assets$219,800 $194,281 Interest-bearing depositsChecking with interest$24,199 $526 2.17 %$