8-KEarnings & ResultsRegulation FDExhibits & Filings

FIRST CITIZENS BANCSHARES INC /DE/ 8-K Report, Financial Results (Apr 28, 2020)

Filed April 28, 2020For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

This 8-K filing from First Citizens Bancshares Inc./DE/ (FCNCA) on April 28, 2020, primarily serves to attach a press release dated January 28, 2020, announcing the company's results of operations for the year ended December 31, 2019. Investors should note that the actual financial results for the period are not detailed within this specific 8-K, but rather are referenced via the attached press release. The filing also includes standard forward-looking statement disclosures, highlighting potential risks and uncertainties that could affect future performance, including the impact of the COVID-19 pandemic. While this filing is brief and doesn't present new operational data, it points investors to the previously issued press release for the specific financial figures and commentary for the full year 2019. The inclusion of forward-looking statements suggests that management is providing guidance and outlook, subject to various external factors that could influence the company's trajectory. Investors looking for the year-end 2019 performance should refer to Exhibit 99.1.

Key Highlights

  • 1Filing attaches a press release dated January 28, 2020, detailing the company's results of operations for the year ended December 31, 2019.
  • 2The primary purpose of the 8-K is to incorporate the January press release by reference.
  • 3Actual 2019 financial results are available in Exhibit 99.1, not within the 8-K itself.
  • 4The filing includes standard disclosures regarding forward-looking statements.
  • 5Forward-looking statements are subject to risks, uncertainties, and factors that could cause actual results to differ materially.
  • 6The COVID-19 pandemic is explicitly mentioned as a potential factor impacting future business operations and financial results.
  • 7The company notes potential impacts from acquisition transactions, including delays or failure to realize anticipated benefits.

Frequently Asked Questions

This specific 8-K filing on April 28, 2020, does not contain the detailed financial results for the year ended December 31, 2019. Instead, it references and attaches a press release dated January 28, 2020 (Exhibit 99.1) which contains the company's results of operations for that period. Investors should refer to Exhibit 99.1 for the specific financial figures.

No, this filing primarily serves as a regulatory update to formally include the January 28, 2020, press release within the company's SEC filings. It does not present new financial data or updated guidance beyond what was communicated in the previously issued press release.

The filing highlights several potential risks and uncertainties that could affect future results. These include the impacts of the COVID-19 pandemic, changes in customer or vendor success, fluctuations in interest rates, actions by government regulators, availability of capital and personnel, potential delays or failures in closing acquisition transactions, and the failure to realize anticipated benefits from such acquisitions. General competitive, economic, political, and market conditions are also cited.

The filing mentions 'one or more of our previously announced acquisition transaction(s)' in the context of potential risks. This implies that the company has had prior announcements regarding acquisition transactions, and this 8-K filing highlights potential risks associated with those existing announcements, rather than announcing new ones.