10-KPeriod: FY2008

FIRST CITIZENS BANCSHARES INC /DE/ Annual Report, Year Ended Dec 31, 2008

Filed February 27, 2009For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens BancShares, Inc. (FCNCA) filed its 10-K for the fiscal year ended December 31, 2008, presenting a snapshot of its financial condition and operations. As a large accelerated filer, the company is providing a comprehensive report for investors. While the filing itself does not contain detailed financial statements or Management's Discussion and Analysis, it confirms that these sections are included in the report, offering a deep dive into the company's performance and outlook. The report details the company's structure, including its incorporation in Delaware and its principal executive offices in Raleigh, North Carolina. It also outlines the securities registered with the SEC, namely Class A and Class B Common Stock. The filing signifies the company's ongoing commitment to transparency and regulatory compliance, providing investors with essential information for evaluating their investment.

Financial Highlights

16 data points
Beta

Net Income

$91.06M

Cash & Equivalents

$593.38M

Free Cash Flow

$116.95M

Financial Statements
Beta
Interest Expense$314.94M
Net Income$91.06M

Key Highlights

  • 1The 10-K filing is for the fiscal year ended December 31, 2008, for First Citizens BancShares, Inc. (FCNCA).
  • 2The company is classified as a 'large accelerated filer', indicating significant public float and market capitalization.
  • 3Key sections like 'Business', 'Risk Factors', and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' are included, providing crucial operational and financial insights.
  • 4The filing confirms that the company's financial statements, including consolidated balance sheets, income statements, statements of changes in shareholders' equity, and statements of cash flows, are part of the report.
  • 5The report lists the Class A Common Stock and Class B Common Stock as securities registered under Section 12(b) and 12(g) of the Act, respectively.
  • 6The company's principal executive offices are located in Raleigh, North Carolina.

Frequently Asked Questions

This Form 10-K filing is an annual report that provides a comprehensive overview of First Citizens BancShares, Inc.'s business, financial condition, and results of operations for the fiscal year ended December 31, 2008. It is a key document for investors to assess the company's performance and outlook.

Investors should pay close attention to 'Item 1 Business' for an understanding of the company's operations, 'Item 1A Risk Factors' to identify potential challenges, and 'Item 7 Management's Discussion and Analysis of Financial Condition and Results of Operations' for management's perspective on financial performance and trends. The financial statements in 'Item 8' are also critical for detailed financial analysis.

Being a 'large accelerated filer' means that First Citizens BancShares, Inc. meets specific thresholds for public float and market capitalization. This classification typically indicates a well-established company with significant investor interest and implies that the company is subject to more stringent reporting and disclosure requirements, providing greater transparency to investors.

The detailed financial performance for the fiscal year ended December 31, 2008, including Consolidated Balance Sheets, Statements of Income, Statements of Changes in Shareholders' Equity, and Statements of Cash Flows, is contained within 'Item 8 Financial Statements and Supplementary Data' of this Form 10-K filing.