10-KPeriod: FY2006

FIRST CITIZENS BANCSHARES INC /DE/ Annual Report, Year Ended Dec 31, 2006

Filed February 28, 2007For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

This 10-K filing from First Citizens Bancshares, Inc. (FCNCA) for the fiscal year ended December 31, 2006, presents the company as a well-established, large accelerated filer. The report details the company's business operations, financial condition, and risk factors as of that period. Investors should note the company's classification as a large accelerated filer, indicating a significant market capitalization and a history of compliance with SEC reporting requirements. The filing also includes information regarding the company's Class A and Class B common stock, market value of non-affiliate equity, and outstanding share counts. Management's discussion and analysis of financial condition and results of operations are available, alongside detailed financial statements and notes. While specific financial performance metrics are not detailed in the provided excerpt, the filing structure suggests a comprehensive review of the company's performance and outlook for the fiscal year 2006.

Key Highlights

  • 1First Citizens Bancshares, Inc. (FCNCA) is a large accelerated filer, indicating a substantial market capitalization and established reporting history.
  • 2The company's Class A and Class B common stock are registered, with Class A traded on the NYSE.
  • 3As of February 27, 2007, the aggregate market value of non-affiliate common equity was approximately $1.2 billion.
  • 4The filing includes standard SEC disclosures such as Business, Risk Factors, Properties, Legal Proceedings, and Market for Registrant's Common Equity.
  • 5Comprehensive financial statements, including balance sheets, income statements, statements of changes in shareholders' equity, and cash flows for the three-year period ended December 31, 2006, are presented.
  • 6Management's Discussion and Analysis of Financial Condition and Results of Operations provides insights into the company's performance for the fiscal year 2006.
  • 7The company has various agreements and trust indentures related to its capital trusts and subordinated debentures, as detailed in the exhibit index.

Frequently Asked Questions

While the provided excerpt doesn't detail the specific business operations, as a Bancshares entity, First Citizens Bancshares, Inc. is a bank holding company. Its primary business would typically involve the ownership and control of one or more banking subsidiaries, offering a range of financial services.

Being a large accelerated filer means FCNCA meets specific SEC thresholds for market capitalization (over $700 million in public float) and has a history of filing its required reports on time. This designation generally indicates a larger, more established company with significant investor interest and adherence to robust financial reporting standards.

The company has two classes of common stock: Class A Common Stock (par value $1) and Class B Common Stock (par value $1). Class A Common Stock is registered under Section 12(b) of the Securities Exchange Act, suggesting it is likely traded on a national exchange.

Detailed financial performance for the year ended December 31, 2006, can be found in Item 8 (Financial Statements and Supplementary Data) and Item 7 (Management's Discussion and Analysis of Financial Condition and Results of Operations) of this Form 10-K filing. The filing includes consolidated balance sheets, income statements, statements of changes in shareholders' equity, and statements of cash flows.