Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 180

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 180
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695 $1,663 $32 

(1)     Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes accretion income and loan fees. 

(2)    The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables.

65

NII, NIM, and Average Balances  (Current Quarter Compared to Linked Quarter)

The table above quantifies the increases or decreases for the Current Quarter compared to the Linked Quarter for NII and NIM, as well as average balances of interest-earning assets and interest-bearing liabilities, and the respective yields earned and rates paid. The main reasons for the increases and decreases are explained below:

NII and NIM

•NII for the Current Quarter was $1.70 billion, an increase of $32 million or 2% from $1.66 billion for the Linked Quarter. NII, excluding PAA,(1) was $1.63 billion for the Current Quarter, an increase of $41 million from $1.59 billion for the Linked Quarter. The main reasons for the increases in NII and NII, excluding PAA,(1) are explained below:

◦Interest and fees on loans for the Current Quarter was $2.27 billion, an increase of $34 million or 2% from $2.24 billion for the Linked Quarter. The increase was primarily due to a higher average balance and a higher day count. 

▪Loan PAA was $75 million for the Current Quarter, a decrease of $9 million from $84 million for the Linked Quarter. 

▪Interest and fees on loans, excluding loan PAA,(1) was $2.20 billion for the Current Quarter, an increase of $43 million from $2.15 billion for the Linked Quarter.

◦Interest income on interest-earning deposits at banks for the Current Quarter was $256 million, an increase of $11 million or 4% from $245 million for the Linked Quarter, primarily due to a higher average balance and day count.

◦Interest income on investment securities (including securities purchased under agreements to resell) for the Current Quarter was $419 million, an increase of $5 million or