10-QPeriod: Q3 FY2001

FIRST CITIZENS BANCSHARES INC /DE/ Quarterly Report for Q3 Ended Sep 30, 2001

Filed November 14, 2001For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens Bancshares Inc. /DE/ (FCNCA) filed its quarterly report on Form 10-Q for the period ending September 30, 2001. The filing primarily contains unaudited interim financial statements and Management's Discussion and Analysis (MD&A). Investors should note that this report covers a period of significant economic uncertainty following the September 11th terrorist attacks, which may have impacted the bank's performance and outlook. The report provides a snapshot of the company's financial condition as of September 30, 2001, with comparative data for December 31, 2000, and September 30, 2000. Key financial statements include the Consolidated Balance Sheets, Statements of Income, Statements of Changes in Shareholders' Equity, and Statements of Cash Flows. The MD&A section is crucial for understanding the narrative behind the numbers, including trends, risks, and management's strategies.

Key Highlights

  • 1The filing includes unaudited consolidated financial statements for the three-month and nine-month periods ended September 30, 2001, with comparative periods for 2000.
  • 2Management's Discussion and Analysis (MD&A) provides insights into the company's financial condition and results of operations.
  • 3The report details the company's balance sheet as of September 30, 2001, offering a view of its assets, liabilities, and equity.
  • 4Shareholders' equity changes over the nine-month periods ended September 30, 2001, and 2000 are presented.
  • 5Cash flow activities for the nine-month periods ended September 30, 2001, and 2000 are disclosed.
  • 6Market risk disclosures are included, providing information on how the company manages exposure to risks such as interest rate fluctuations.
  • 7No Form 8-K reports were filed by the company during the quarter ended September 30, 2001.

Frequently Asked Questions

This 10-Q filing provides the unaudited quarterly financial statements and Management's Discussion and Analysis (MD&A) for First Citizens Bancshares Inc. /DE/ for the period ending September 30, 2001. It offers investors an update on the company's financial performance and condition during the third quarter of 2001.

The Consolidated Statements of Income for the three-month period ended September 30, 2001, and comparative data for the same period in 2000, are located on page 5 of the filing. The MD&A section (pages 9-20) will also provide commentary on these results.

In the MD&A, investors should pay close attention to discussions on net interest income, non-interest income, provision for loan losses, operating expenses, and net income. You should also look for explanations of changes in the balance sheet, such as loan growth, deposit trends, and capital adequacy ratios.

Yes, the Management's Discussion and Analysis (MD&A) section (pages 9-20) is designed to provide context for the financial results, including discussions of economic conditions, competitive landscape, regulatory changes, and specific risks faced by the company, such as market risk (disclosed on page 15).