10-QPeriod: Q1 FY2002

FIRST CITIZENS BANCSHARES INC /DE/ Quarterly Report for Q1 Ended Mar 30, 2002

Filed November 14, 2002For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

This 10-Q filing from First Citizens Bancshares Inc./DE/ for the period ending September 30, 2002, provides an update on the company's financial performance and condition. Investors should note the unaudited financial statements, including the Consolidated Balance Sheets, Statements of Income, Changes in Shareholders' Equity, and Cash Flows, for the nine-month period and relevant comparative periods. Management's Discussion and Analysis (MD&A) is expected to offer deeper insights into the financial results and operational trends.

Key Highlights

  • 1The filing includes unaudited Consolidated Balance Sheets as of September 30, 2002, December 31, 2001, and September 30, 2001.
  • 2Consolidated Statements of Income are provided for the three-month and nine-month periods ended September 30, 2002, and 2001.
  • 3Consolidated Statements of Changes in Shareholders' Equity are available for the nine-month periods ended September 30, 2002, and 2001.
  • 4Consolidated Statements of Cash Flows are presented for the nine-month periods ended September 30, 2002, and 2001.
  • 5The Management's Discussion and Analysis (MD&A) section (pages 9-20) is crucial for understanding the company's financial condition and results of operations.
  • 6Quantitative and Qualitative Disclosures about Market Risk are presented on page 21.
  • 7The Chief Executive Officer and Chief Financial Officer have certified the effectiveness of the company's disclosure controls and procedures as of the filing date, finding them to be effective.

Frequently Asked Questions

The financial statements are unaudited and cover the three-month and nine-month periods ended September 30, 2002, with comparative data for the same periods in 2001. Balance sheets are also presented as of September 30, 2002, December 31, 2001, and September 30, 2001.

The "Management's Discussion and Analysis of Financial Condition and Results of Operations" section, found on pages 9-20 of this filing, provides management's perspective and analysis of the company's financial performance and condition.

According to the filing, there were no significant changes in the Registrant's internal controls or in other factors that could significantly affect these controls subsequent to the examination by the CEO and CFO.

Quantitative and Qualitative Disclosures about Market Risk are provided on page 21 of the filing, offering insights into the company's exposure to market risks.