10-QPeriod: Q3 FY2003

FIRST CITIZENS BANCSHARES INC /DE/ Quarterly Report for Q3 Ended Sep 30, 2003

Filed November 13, 2003For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens BancShares Inc /DE/ (FCNCA) filed its third-quarter 2003 10-Q report on November 13, 2003, providing investors with an unaudited look at the company's financial performance and condition as of September 30, 2003. The filing includes detailed financial statements, management's discussion and analysis of results of operations and financial condition, and disclosures regarding market risk. Investors should note that the report covers the nine-month period ending September 30, 2003, and provides comparative data for the same period in 2002, as well as balance sheet information for year-end 2002. The filing also confirms the effectiveness of the company's disclosure controls and procedures as of the quarter's end, with no significant changes to internal controls over financial reporting noted during the period.

Key Highlights

  • 1The report contains unaudited Consolidated Balance Sheets as of September 30, 2003, December 31, 2002, and September 30, 2002.
  • 2Consolidated Statements of Income are provided for the three-month and nine-month periods ended September 30, 2003, and September 30, 2002.
  • 3Consolidated Statements of Changes in Shareholders' Equity and Consolidated Statements of Cash Flows are presented for the nine-month periods ended September 30, 2003, and September 30, 2002.
  • 4Management's Discussion and Analysis of Financial Condition and Results of Operations offers insights into the company's performance drivers and financial standing.
  • 5Quantitative and Qualitative Disclosures about Market Risk provide information on how the company manages its exposure to market fluctuations.
  • 6The company's CEO and CFO certified the effectiveness of disclosure controls and procedures as of September 30, 2003.
  • 7No significant changes in internal controls over financial reporting were reported during the quarter.

Frequently Asked Questions

This 10-Q filing provides the Securities and Exchange Commission (SEC) and investors with an unaudited, interim financial report for First Citizens BancShares Inc /DE/ for the third quarter of 2003, along with comparative financial information.

The report includes unaudited Consolidated Balance Sheets, Consolidated Statements of Income, Consolidated Statements of Changes in Shareholders' Equity, and Consolidated Statements of Cash Flows, along with accompanying notes to these financial statements.

This section offers management's perspective on the company's financial condition, results of operations, and key trends affecting its performance. It helps investors understand the factors driving the financial results presented.

Yes, the report includes 'Quantitative and Qualitative Disclosures about Market Risk,' which outlines how the company identifies, measures, and manages its exposure to various market risks such as interest rate risk and foreign currency risk.