10-QPeriod: Q2 FY2003

FIRST CITIZENS BANCSHARES INC /DE/ Quarterly Report for Q2 Ended Jun 30, 2003

Filed August 11, 2003For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens BancShares, Inc. /DE/ (FCNCA) filed its second quarter 2003 10-Q report on August 11, 2003, detailing its financial performance and operational highlights for the period ending June 30, 2003. The filing includes unaudited consolidated financial statements, management's discussion and analysis, and disclosures on market risk. Investors can find information on the company's balance sheet, income statement, and cash flows for the six-month periods ended June 30, 2003, and 2002. Key operational aspects covered include the effectiveness of disclosure controls and procedures, which were found to be effective as of June 30, 2003, with no significant changes to internal controls over financial reporting during the quarter. Additionally, the report provides details on shareholder voting at the April 28, 2003 Annual Meeting, specifically concerning the election of directors. The company also reported no Form 8-K filings during the quarter.

Key Highlights

  • 1The company's financial statements for the periods ending June 30, 2003, and June 30, 2002, are included, providing comparative performance data.
  • 2Management's Discussion and Analysis of Financial Condition and Results of Operations offers insights into the company's performance drivers and financial health.
  • 3Disclosure controls and procedures were evaluated and found to be effective as of June 30, 2003.
  • 4No significant changes in internal controls over financial reporting occurred during the second quarter of 2003.
  • 5The filing includes details of shareholder voting on director elections from the April 28, 2003 Annual Meeting.
  • 6The company filed no Current Reports on Form 8-K during the quarter ended June 30, 2003.
  • 7Certifications from the CEO and CFO regarding the accuracy of disclosures are provided as exhibits.

Frequently Asked Questions

This 10-Q report covers the second quarter of 2003 and provides financial statements for the three-month and six-month periods ended June 30, 2003, with comparative data from the same periods in 2002. It also includes balance sheet information as of June 30, 2003, December 31, 2002, and June 30, 2002.

No, the filing indicates that the Chief Executive Officer and Chief Financial Officer evaluated the effectiveness of the company's disclosure controls and procedures as of June 30, 2003, and found them to be effective. Furthermore, there were no significant changes in the company's internal controls over financial reporting during the quarter.

The filing includes information regarding the shareholder vote on the election of directors at the Annual Meeting held on April 28, 2003. Detailed vote counts for each nominee are provided.