10-K/APeriod: FY2008

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

Filed January 8, 2010For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

This filing is an amendment (10-K/A) to First Citizens BancShares, Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2008. The amendment's primary purpose is to correct the SEC file number on the report cover and to revise the officer certifications filed with the original 10-K. It is important for investors to note that this amendment does not introduce new financial information or update disclosures beyond these specific administrative corrections. Investors should refer to subsequent filings for events and financial performance occurring after February 27, 2009, the filing date of the original 10-K. The filing confirms that First Citizens BancShares, Inc. is a large accelerated filer and not a shell company. The aggregate market value of its common equity held by non-affiliates was approximately $718.3 million as of June 30, 2008. This amendment, filed on January 8, 2010, is essentially a procedural update to a previous filing from early 2009, and does not contain operational or financial performance data for the period ending December 31, 2009.

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

  • 1This document is an Amendment No. 1 to the Form 10-K for the fiscal year ended December 31, 2008.
  • 2The amendment corrects the SEC file number on the report cover.
  • 3It revises the certifications of the principal executive officer and principal financial officer.
  • 4The filing confirms First Citizens BancShares, Inc. is a large accelerated filer.
  • 5The aggregate market value of non-affiliate common equity was $718,318,286 as of June 30, 2008.
  • 6This amendment was filed on January 8, 2010, and does not include updated financial performance beyond the original 2008 filing date.
  • 7The filing primarily addresses procedural and certification requirements.

Frequently Asked Questions

The primary purpose of this Form 10-K/A (Amendment No. 1) is to make administrative corrections to the original Form 10-K filed for the fiscal year ended December 31, 2008. Specifically, it corrects the SEC file number and revises the certifications of the company's principal executive and financial officers.

No, this amendment does not contain new financial results or updated disclosures for the period ending December 31, 2009, or any subsequent period. It is a procedural update to a filing made on February 27, 2009, and should be read in conjunction with subsequent SEC filings for current information.

According to this filing, First Citizens BancShares, Inc. is classified as a large accelerated filer and is not considered a shell company. This indicates it meets specific size and reporting history requirements set by the SEC.

The original Form 10-K for the fiscal year ended December 31, 2008, was filed on February 27, 2009. This amendment, filed on January 8, 2010, updates the SEC file number on the cover and revises the certifications of the principal executive and financial officers.