8-KEarnings & ResultsRegulation FDExhibits & Filings

FIRST CITIZENS BANCSHARES INC /DE/ 8-K Report, Financial Results (Aug 3, 2021)

Filed August 3, 2021For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens BancShares Inc. (FCNCA) filed an 8-K on August 3, 2021, primarily to announce its financial results for the quarter ended June 30, 2021. The filing incorporates by reference a press release (Exhibit 99.1) and investor presentation materials (Exhibit 99.2) that were made available in conjunction with a conference call held on the same day. These documents provide details on the company's operational performance and financial condition for the period. Investors should note that while this 8-K discloses important financial information, it explicitly states that the information furnished under Items 2.02 and 7.01, including the attached exhibits, is not considered "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934. This means the disclosures do not automatically become part of the company's active SEC filings unless specifically incorporated by reference elsewhere. The filing also includes extensive forward-looking statements and risk factors, particularly related to the pending transaction with CIT Group Inc., which investors should carefully review.

Key Highlights

  • 1Announcement of Q2 2021 financial results on August 3, 2021.
  • 2Press release with Q2 2021 financial information is incorporated by reference as Exhibit 99.1.
  • 3Investor presentation materials related to the Q2 2021 results are furnished as Exhibit 99.2.
  • 4A conference call was held on August 3, 2021, to discuss the Q2 2021 financial results.
  • 5Information disclosed under Item 2.02 and 7.01 is not deemed "filed" for Section 18 purposes.
  • 6Extensive forward-looking statements and risk factors are detailed, with a significant focus on the proposed transaction with CIT Group Inc.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce and provide access to First Citizens BancShares' financial results for the quarter ended June 30, 2021, through an incorporated press release and investor presentation.

No, according to the filing's General Instruction B.2, the information furnished under Item 2.02 and Item 7.01, including the exhibits, is not considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. It is considered furnished unless specifically incorporated by reference into another filing.

The filing highlights numerous risks, including the impacts of the COVID-19 pandemic, fluctuations in interest rates, regulatory actions, and challenges related to the integration and realization of benefits from the proposed transaction with CIT Group Inc. Specific risks related to the CIT merger include integration difficulties, potential disruption, failure to achieve cost savings or revenue synergies, and regulatory approval challenges.

The detailed financial results are in the press release (Exhibit 99.1) and the presentation materials are in Exhibit 99.2, both of which are part of this 8-K filing. These documents were also made available on the company's website.