10-QPeriod: Q1 FY2004

FIRST CITIZENS BANCSHARES INC /DE/ Quarterly Report for Q1 Ended Mar 31, 2004

Filed May 10, 2004For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens BancShares, Inc. /DE/ (FCNCA) filed its first quarter 2004 10-Q report on May 10, 2004, providing an unaudited look at its financial position and operational results. The report details the company's financial statements, including balance sheets, income statements, and cash flows for the periods ending March 31, 2004, March 31, 2003, and December 31, 2003. Management's Discussion and Analysis offers insights into the company's financial condition and results of operations during this period.

Key Highlights

  • 1The report includes unaudited consolidated financial statements for the three-month periods ending March 31, 2004, and March 31, 2003.
  • 2Consolidated Balance Sheets are provided as of March 31, 2004, December 31, 2003, and March 31, 2003, offering a snapshot of the company's assets, liabilities, and equity.
  • 3Consolidated Statements of Income detail the company's revenues and expenses for the first quarter of 2004 and 2003.
  • 4Consolidated Statements of Cash Flows illustrate the sources and uses of cash during the respective periods.
  • 5The Management's Discussion and Analysis (MD&A) section (pages 10-27) is crucial for understanding the company's performance and financial health.
  • 6Disclosures regarding market risk are presented, allowing investors to assess potential impacts from market fluctuations.
  • 7The company's Chief Executive Officer and Chief Financial Officer certified the effectiveness of disclosure controls and procedures as of the end of the reporting period.

Frequently Asked Questions

This filing is a quarterly report (10-Q) providing an unaudited update on First Citizens BancShares, Inc.'s financial condition and results of operations for the first quarter of 2004. It allows investors to track the company's performance and understand its financial standing.

The key financial performance indicators can be found in the Consolidated Statements of Income for the three-month period ended March 31, 2004, and the accompanying Management's Discussion and Analysis of Financial Condition and Results of Operations (pages 10-27).

No, according to the report, there were no significant changes in the Registrant's internal controls over financial reporting during the first quarter of 2004 that materially affected, or are reasonably likely to materially affect, these controls.

The Quantitative and Qualitative Disclosures about Market Risk section (page 21) provides information on the company's exposure to market risks, such as interest rate risk, foreign currency risk, and other relevant market factors, and how the company manages these risks.