8-KEarnings & ResultsRegulation FDExhibits & Filings

FIRST CITIZENS BANCSHARES INC /DE/ 8-K Report, Financial Results (Oct 27, 2021)

Filed October 27, 2021For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens BancShares Inc /DE/ (FCNCA) filed an 8-K on October 27, 2021, primarily to announce its financial results for the third quarter ended September 30, 2021. The report includes a press release (Exhibit 99.1) detailing these results and an investor presentation (Exhibit 99.2) for a related conference call. While the specific financial figures from the press release are not detailed within the 8-K text provided, the filing signals that the company is providing updated performance information to the market. Investors should note that this filing also incorporates standard forward-looking statement disclaimers, highlighting the inherent risks and uncertainties associated with future performance. A significant portion of these disclosures pertains to the proposed merger with CIT Group Inc. ('CIT'), detailing potential risks and challenges related to integration, regulatory approvals, and market conditions that could impact the realization of anticipated benefits from the transaction.

Key Highlights

  • 1Announcement of Third Quarter 2021 Financial Results.
  • 2Press Release (Exhibit 99.1) attached with detailed financial information.
  • 3Investor Presentation (Exhibit 99.2) provided for a conference call discussing Q3 2021 results.
  • 4Filing confirms the company is providing updated operational and financial information.
  • 5Extensive forward-looking statement disclosures highlight risks and uncertainties.
  • 6Significant focus on risks and challenges associated with the proposed merger with CIT Group Inc.
  • 7Information furnished under Item 2.02 and 7.01 is not deemed 'filed' under Section 18 of the Exchange Act, limiting liability.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce First Citizens BancShares' financial results for the quarter ended September 30, 2021, and to provide investors with access to the related press release and investor presentation materials.

The specific financial details for the third quarter of 2021 are contained within the Press Release dated October 27, 2021 (Exhibit 99.1) and the Investor Presentation dated October 27, 2021 (Exhibit 99.2), which are attached to this 8-K filing.

The filing highlights general risks and uncertainties, as well as specific risks related to the proposed merger with CIT Group Inc. These include risks associated with integration, cost savings, potential disruption, regulatory approvals, financing, and the general economic and market environment.

This filing does not contain new audited financial statements. It references a press release and investor presentation that contain financial results for the quarter ended September 30, 2021. For audited financial statements, investors should refer to the company's Form 10-K and other periodic filings.