10-KPeriod: FY2004

FIRST CITIZENS BANCSHARES INC /DE/ Annual Report, Year Ended Dec 31, 2004

Filed March 11, 2005For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens BancShares, Inc. (FCNCA) filed its 2004 Form 10-K on March 11, 2005, detailing its operations and financial standing. The company operates as a bank holding company, with its primary subsidiary being First-Citizens Bank & Trust Company. The filing indicates that FCNCA is an accelerated filer, signaling its status as a larger public company. Key aspects highlighted in the report include the company's stock performance, with a significant market value of non-affiliate common equity, and the dual classes of common stock (Class A and Class B) that are publicly traded. The extensive list of exhibits and incorporated documents suggests a complex corporate structure and a history of various agreements and transactions, including those related to executive compensation and subsidiary operations. Investors can find detailed financial statements and management's discussion and analysis within the report to understand the company's performance and strategic direction.

Key Highlights

  • 1First Citizens BancShares, Inc. (FCNCA) is a Delaware-incorporated bank holding company with its principal executive offices in Raleigh, North Carolina.
  • 2The company has Class A and Class B Common Stock registered under Section 12(g) of the Securities Exchange Act of 1934.
  • 3FCNCA is classified as an accelerated filer, indicating a substantial market capitalization.
  • 4The aggregate market value of non-affiliate common equity held by non-affiliates was $733,965,263 as of the last business day of the second fiscal quarter of 2004.
  • 5The report includes a comprehensive list of exhibits, many of which are incorporated by reference from previous filings, suggesting a long-standing corporate history and ongoing transactions.
  • 6Key executive officers, including the Chairman and CEO Lewis R. Holding, and Executive Vice Chairman Frank B. Holding, signed the report.
  • 7The filing covers the fiscal year ended December 31, 2004, providing financial data and operational details for that period.

Frequently Asked Questions

First Citizens BancShares, Inc. is a bank holding company. Its primary subsidiary is First-Citizens Bank & Trust Company, which is involved in banking operations.

FCNCA has Class A Common Stock and Class B Common Stock, both with a par value of $1. These classes of common stock are registered under Section 12(g) of the Securities Exchange Act of 1934, indicating they are publicly traded.

Being an accelerated filer means that FCNCA meets certain size and reporting history requirements under SEC rules. Typically, this indicates a company with a larger market capitalization and a history of timely filings, allowing for a slightly different reporting schedule compared to non-accelerated filers.

Detailed financial performance for the year ended December 31, 2004, can be found in Item 7, 'Management's Discussion and Analysis of Financial Condition and Results of Operations,' and Item 8, 'Financial Statements and Supplementary Data,' of the 10-K filing. The report also includes consolidated financial statements, including balance sheets, income statements, and cash flow statements.