10-KPeriod: FY2002

FIRST CITIZENS BANCSHARES INC /DE/ Annual Report, Year Ended Dec 31, 2002

Filed March 14, 2003For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens Bancshares, Inc. (FCNCA) filed its 2002 Form 10-K on March 14, 2003, providing a comprehensive overview of its financial performance and condition for the year ended December 31, 2002. As an established financial institution, FCNCA's filing offers insights into its operational results, balance sheet strength, and market position. Investors can gain understanding of the company's strategic direction, risk management practices, and overall financial health through the detailed discussions provided in the Management's Discussion and Analysis (MD&A) section and the audited financial statements. The report indicates that FCNCA is an accelerated filer, suggesting a certain level of financial maturity and regular engagement with SEC reporting requirements. The information presented in this 10-K is crucial for investors seeking to evaluate the company's profitability, asset quality, capital adequacy, and its ability to navigate the prevailing economic conditions of 2002. Key areas of focus for investors would include trends in net income, loan portfolios, deposit growth, and any significant events or transactions that may have impacted the company's performance during the fiscal year.

Key Highlights

  • 1Filed for the fiscal year ended December 31, 2002, with the SEC on March 14, 2003.
  • 2Classified as an accelerated filer, indicating a significant market capitalization and regular SEC reporting history.
  • 3The report includes detailed financial statements, including Consolidated Balance Sheets, Statements of Income, Shareholders' Equity, and Cash Flows for the three-year period ending December 31, 2002.
  • 4Key sections for investor analysis include Management's Discussion and Analysis (MD&A) and Selected Financial Data, offering insights into financial condition and results of operations.
  • 5The aggregate market value of common equity held by non-affiliates as of the last business day of the second fiscal quarter of 2002 was approximately $673.9 million.
  • 6As of March 13, 2003, there were 8,793,233 shares of Class A Common Stock and 1,677,675 shares of Class B Common Stock outstanding.

Frequently Asked Questions

This 10-K filing is for First Citizens Bancshares, Inc. (FCNCA), a financial institution. While the full description of business is detailed in Item 1 (not provided in full here), it is understood to be a banking and financial services company. Investors can find specific details about its operations, services, and market segments within the complete filing.

The report includes Consolidated Balance Sheets as of December 31, 2002 and 2001, Consolidated Statements of Income for the three years ended December 31, 2002, Consolidated Statements of Changes in Shareholders' Equity for the same period, and Consolidated Statements of Cash Flows for the same period. Notes to Consolidated Financial Statements and a Quarterly Financial Summary for 2002 and 2001 are also included.

Investors should refer to Item 7, 'Management's Discussion and Analysis of Financial Condition and Results of Operations,' for a narrative explanation of the company's performance, trends, and significant factors affecting its financial health. Item 6, 'Selected Financial Data,' provides a historical overview of key financial metrics.

The filing mentions Class A Common Stock and Class B Common Stock. The market value of common equity held by non-affiliates was $673,916,280 as of the last business day of the second fiscal quarter of 2002. As of March 13, 2003, there were 8,793,233 outstanding shares of Class A and 1,677,675 shares of Class B common stock. Information regarding market trading is detailed in Item 5, 'Market for the Registrant's Common Equity and Related Stockholder Matters'.