10-Q/APeriod: Q2 FY2003

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

Filed August 12, 2003For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens BancShares, Inc./DE/ (FCNCA) filed its second quarter 2003 10-Q report on August 12, 2003. The filing details the company's financial position and operational performance as of and for the period ended June 30, 2003. Investors should note that the report includes unaudited financial statements, covering balance sheets, income statements, statements of changes in shareholders' equity, and statements of cash flows, providing a snapshot of the company's financial health during the first half of the year. The Management's Discussion and Analysis section is crucial for understanding the drivers behind the financial results, including any significant changes in financial condition and operational results. Additionally, the report confirms the effectiveness of the company's disclosure controls and procedures as of June 30, 2003, as certified by the CEO and CFO. No significant changes in internal controls over financial reporting were noted during the quarter.

Key Highlights

  • 1The 10-Q filing covers the second quarter of 2003, providing unaudited financial statements for the periods ending June 30, 2003, and comparisons to prior periods.
  • 2Key financial statements included are Consolidated Balance Sheets, Consolidated Statements of Income, Consolidated Statements of Changes in Shareholders' Equity, and Consolidated Statements of Cash Flows.
  • 3Management's Discussion and Analysis (MD&A) is presented to explain the company's financial condition and results of operations.
  • 4The effectiveness of disclosure controls and procedures was evaluated as of June 30, 2003, and found to be effective, with certifications provided by the CEO and CFO.
  • 5There were no significant changes in internal controls over financial reporting during the second quarter of 2003.
  • 6The filing details the results of shareholder votes for the election of directors at the Annual Meeting of Shareholders held on April 28, 2003, showing strong support for most nominees.
  • 7No Current Reports on Form 8-K were filed during the quarter ended June 30, 2003.

Frequently Asked Questions

This 10-Q filing provides the Securities and Exchange Commission (SEC) and investors with an update on First Citizens BancShares, Inc./DE/ (FCNCA)'s financial performance and condition for the second quarter of 2003. It includes unaudited financial statements and management's analysis of the company's operations.

The filing includes unaudited Consolidated Balance Sheets as of June 30, 2003, December 31, 2002, and June 30, 2002. It also presents Consolidated Statements of Income and Cash Flows for the six-month periods ended June 30, 2003 and 2002, as well as Consolidated Statements of Changes in Shareholders' Equity for the same periods.

No, the filing states that there were no significant changes in the Registrant's internal controls over financial reporting or in other factors that could significantly affect these controls during the second quarter of 2003.

The filing indicates that at the Annual Meeting of Shareholders on April 28, 2003, shareholders considered the election of directors. The vote results show substantial support for most nominees, with a high number of 'For' votes and a relatively smaller number of 'Withheld' votes for the majority of candidates.