10-QPeriod: Q1 FY2003

FIRST CITIZENS BANCSHARES INC /DE/ Quarterly Report for Q1 Ended Mar 31, 2003

Filed May 14, 2003For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens Bancshares Inc. (FCNCA) has filed its quarterly report for the period ending March 31, 2003. While specific financial figures are not detailed in the provided excerpt, the filing includes unaudited consolidated financial statements and management's discussion and analysis. Investors should review these sections for a comprehensive understanding of the company's financial performance and condition during the first quarter of 2003, as well as year-over-year comparisons to March 31, 2002. The report also confirms the effectiveness of the company's disclosure controls and procedures, as evaluated by the CEO and CFO. No significant changes to internal controls were noted. Investors looking for detailed performance metrics, balance sheet strength, cash flow generation, and any potential market risks should consult the full financial statements and the accompanying MD&A section of the filing.

Key Highlights

  • 1Unaudited consolidated financial statements for the three-month periods ended March 31, 2003, and March 31, 2002, are presented.
  • 2The filing includes Consolidated Balance Sheets as of March 31, 2003, December 31, 2002, and March 31, 2002.
  • 3Consolidated Statements of Income are available for comparison between the first quarters of 2003 and 2002.
  • 4Consolidated Statements of Changes in Shareholders' Equity and Consolidated Statements of Cash Flows are provided for the relevant periods.
  • 5Management's Discussion and Analysis (MD&A) of Financial Condition and Results of Operations is included for investor insight.
  • 6Quantitative and Qualitative Disclosures about Market Risk are part of the report.
  • 7Disclosure controls and procedures were evaluated by the CEO and CFO and found to be effective.
  • 8No significant changes to internal controls were reported during the quarter.

Frequently Asked Questions

This 10-Q filing provides the unaudited financial statements and management's discussion and analysis for First Citizens Bancshares Inc. (FCNCA) for the quarterly period ended March 31, 2003. It allows investors to assess the company's financial health and performance during this period and compare it to prior periods.

Detailed financial performance metrics, such as revenues, expenses, and net income, can be found in the 'Consolidated Statements of Income' for the three-month periods ended March 31, 2003, and March 31, 2002. The 'Management's Discussion and Analysis of Financial Condition and Results of Operations' section will also provide commentary on these results.

The company's financial position, including assets, liabilities, and equity, as of March 31, 2003, is detailed in the 'Consolidated Balance Sheets'. This statement should be reviewed alongside the balance sheets from December 31, 2002, and March 31, 2002, for trend analysis.

Based on the filing, the Chief Executive Officer and Chief Financial Officer evaluated the effectiveness of the company's disclosure controls and procedures and found them to be effective. There were no significant changes in internal controls reported during the quarter.