10-KPeriod: FY2003

FIRST CITIZENS BANCSHARES INC /DE/ Annual Report, Year Ended Dec 31, 2003

Filed March 15, 2004For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens BancShares, Inc. (FCNCA) filed its 2003 Form 10-K on March 15, 2004, reporting on its business operations for the fiscal year ended December 31, 2003. As an established financial institution, the company's performance and strategic direction are key considerations for investors. The filing indicates FCNCA is an accelerated filer, suggesting a certain level of market capitalization and reporting history. This report provides a comprehensive overview of the company's financial condition, results of operations, and market risk disclosures. Investors can find detailed financial statements, management's discussion and analysis (MD&A), and information on corporate governance. The inclusion of various agreements, particularly those related to executive compensation and subsidiary operations, offers insight into the company's internal structure and executive compensation policies. Potential investors should pay close attention to the financial highlights and risk factors outlined in the MD&A section for a complete understanding of the company's performance and outlook.

Key Highlights

  • 1The company is classified as an 'accelerated filer', indicating a substantial market capitalization and adherence to timely SEC filing requirements.
  • 2The report covers the fiscal year ending December 31, 2003, providing historical financial performance data.
  • 3Key financial statements including the Consolidated Balance Sheets, Statements of Income, Shareholders' Equity, and Cash Flows for the three-year period ended December 31, 2003, are included.
  • 4Management's Discussion and Analysis (MD&A) of Financial Condition and Results of Operations is a critical section for understanding business performance and trends.
  • 5Quantitative and Qualitative Disclosures about Market Risk (Item 7A) are provided, offering insights into how the company manages financial risks.
  • 6The filing includes a detailed Exhibit Index, referencing various corporate documents such as Certificates of Incorporation, Bylaws, Stock Certificates, Trust Agreements, Indentures, and significant executive agreements.
  • 7The company's Class A and Class B Common Stock, along with Preferred Securities of FCB/NC Capital Trust II, are registered and traded.

Frequently Asked Questions

Based on the filing and its nature as a BancShares company, FCNCA is primarily involved in banking and financial services. The filing references its subsidiary, First-Citizens Bank & Trust Company, indicating core banking operations.

Being an accelerated filer means that First Citizens BancShares, Inc. meets certain criteria set by the SEC, typically related to the aggregate market value of its voting and non-voting common equity held by non-affiliates. Accelerated filers are required to file their annual and quarterly reports more quickly than non-accelerated filers and are subject to certain other reporting requirements.

Detailed financial performance information for the fiscal year ended December 31, 2003, can be found in Item 6 (Selected Financial Data) and Item 8 (Financial Statements and Supplementary Data), specifically within the Consolidated Statements of Income and the accompanying Notes to Consolidated Financial Statements. Management's Discussion and Analysis (Item 7) will also provide a narrative explanation of the financial results.

According to the filing, First Citizens BancShares, Inc. has Class A Common Stock and Class B Common Stock outstanding. It also has 8.40% Preferred Securities of FCB/NC Capital Trust II registered with the SEC.