Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 334

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 334
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323 Total assets229,653 228,822 219,827 223,720 Total deposits159,935 159,325 151,079 155,229 Total borrowings38,112 38,406 37,458 37,051 Total stockholders’ equity22,296 22,295 22,487 22,228 Loan to deposit ratio88.33 %88.72 %92.23 %90.33 %Noninterest-bearing deposits to total deposits25.56 25.59 26.49 24.89 Capital Ratios:Total risk-based capital14.25 %15.23 %15.45 %15.04 %Tier 1 risk-based capital12.63 13.35 13.87 13.53 Common equity Tier 112.12 12.81 13.33 12.99 Tier 1 leverage9.62 9.75 10.29 9.90 Select Asset Quality Metrics:Ratio of nonaccrual loans to total loans0.93 %0.85 %0.82 %0.84 %Allowance for loan and lease losses to loans ratio1.18 1.19 1.22 1.20 

(1)     Calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables. 

(2)     Net interest margin (“NIM”), excluding purchase accounting accretion or amortization (“PAA”), is a non-GAAP financial measure. 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 a reconciliation from the most comparable GAAP measure to the non-GAAP measure. 

(3)  Average loan balances include loans held for sale and nonaccrual loans.

59

Financial highlights are summarized below. Further details are discussed in the “Results of Operations” and “Balance Sheet Analysis” sections of this MD&A. 

Second Quarter Income Statement Highlights 

•Net income for the Current Quarter was $575 million, an increase of $92 million or 19% from $483 million for the Linked Quarter. Net income available to common stockholders for the Current Quarter was $561 million, an increase of $93