10-KPeriod: FY2012

FIRST CITIZENS BANCSHARES INC /DE/ Annual Report, Year Ended Dec 31, 2012

Filed March 1, 2013For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

This 10-K filing for First Citizens BancShares Inc. (FCNCA) for the fiscal year ended December 31, 2012, highlights the company's performance and financial position as a large, established financial institution. The report indicates strong market positioning with Class A Common Stock listed on the NASDAQ Global Select Market. As of the filing date, the company had a significant market capitalization for its non-affiliate shares, suggesting investor confidence. The filing details various business segments, risk factors, and financial results, providing a comprehensive overview for stakeholders. Investors can gain insights into the company's operational strategies, financial health, and potential risks through the detailed discussions on financial condition and results of operations. The report also addresses corporate governance and executive compensation, offering transparency into the company's leadership and shareholder relations. Overall, the 10-K serves as a crucial document for understanding FCNCA's performance and outlook in the banking sector.

Financial Highlights

33 data points
Beta

Net Income

$132.40M

EPS (Diluted)

$12.92

Total Assets

$21.28B

Cash & Equivalents

$639.73M

Free Cash Flow

$112.41M

Financial Statements
Beta
Interest Expense$90.15M
Net Income$132.40M
EPS (Basic)$12.92
Shares Outstanding (Basic)10.24M

Key Highlights

  • 1The company is a large accelerated filer, indicating significant size and maturity in its operations.
  • 2Class A Common Stock is listed on the NASDAQ Global Select Market, providing liquidity and market visibility.
  • 3As of March 1, 2013, the aggregate market value of non-affiliate common equity was substantial ($888,367,135), reflecting investor interest.
  • 4The filing includes detailed financial statements, Management's Discussion and Analysis of Financial Condition and Results of Operations, and risk factors, offering a thorough view of the company's financial health and potential challenges.
  • 5First Citizens BancShares Inc. operates under Delaware incorporation and is headquartered in Raleigh, North Carolina.
  • 6The report confirms the company has filed all required reports and is not subject to any delinquent filer disclosures, indicating strong compliance.
  • 7The company is not a shell company, signifying it is an operating entity with ongoing business activities.

Frequently Asked Questions

First Citizens BancShares Inc. is a financial holding company that, through its subsidiaries, engages in a broad range of financial services. While the specific details of all its operations are extensive and covered within the full 10-K, its core business revolves around banking and financial services.

Investors should focus on the Consolidated Statements of Income to understand revenue and profitability trends, the Consolidated Balance Sheets for asset and liability composition, and the Consolidated Statements of Cash Flows for cash generation and usage. Key metrics to analyze include net income, earnings per share, net interest income, loan growth, deposit growth, and capital ratios, all detailed in Item 7 (Management's Discussion and Analysis) and Item 8 (Financial Statements).

The main risks for First Citizens BancShares Inc., as detailed in Item 1A (Risk Factors), likely include general economic conditions, interest rate fluctuations, credit risk associated with loan portfolios, liquidity risk, regulatory changes, competition within the banking industry, and cybersecurity threats. Investors should review this section carefully for a comprehensive understanding of potential challenges.

The company's Class A Common Stock is registered and traded on the NASDAQ Global Select Market under a specific ticker symbol (though not explicitly stated in the provided snippet, it is implied by the listing). The aggregate market value of non-affiliate shares was reported as $888,367,135 as of the last business day of the second fiscal quarter, indicating significant market capitalization.