Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 72

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 72
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62 

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 CIT Merger.

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 PAA:

Table 52

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

dollars in millionsYear Ended December 31,202420232022NII (GAAP)a$7,143 $6,712 $2,946 Loan PAAb505 733 27 Other PAAc(24)7 74 PAAd = (b+c)481 740 101 NII, excluding PAA (non-GAAP)e = (a-d)$6,662 $5,972 $2,845 Average interest-earning assetsf$201,578 $170,771 $93,195 NIM (GAAP)a/f3.54 %3.92 %3.16 %NIM, excluding PAA (non-GAAP)e/f3.30 3.50 3.05 Interest and fees on loans (GAAP)$9,528 $8,187 $2,953 Less: loan PAAb505 733 27 Interest and fees on loans, excluding loan PAA (non-GAAP)$9,023 $7,454 $2,926 

94

Forward-Looking Statements 

Statements in this Annual Report on Form 10-K contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the financial condition, results of operations, business plans, asset quality, future performance, and other strategic goals of BancShares. Words such as “anticipates,” “believes,” “estimates,” “expects,” “predicts,” “forecasts,” “intends,” “plans