8-KEarnings & ResultsRegulation FDExhibits & Filings

FIRST CITIZENS BANCSHARES INC /DE/ 8-K Report, Financial Results (Apr 28, 2022)

Filed April 28, 2022For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens BancShares, Inc. (FCNCA) filed a Current Report on Form 8-K on April 28, 2022, to announce its financial results for the quarter ended March 31, 2022. The report primarily serves to provide investors with access to the company's earnings press release (Exhibit 99.1) and an accompanying investor presentation (Exhibit 99.2). These documents detail the company's operational and financial performance for the first quarter of 2022. Investors should note that 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 Exchange Act, meaning it does not automatically become part of the company's SEC filings for liability purposes unless specifically incorporated by reference into a future filing. The report also includes standard forward-looking statement disclaimers, highlighting potential risks and uncertainties that could affect future results, including factors related to the recent acquisition of CIT Group Inc.

Key Highlights

  • 1FCNCA announced its Q1 2022 financial results on April 28, 2022.
  • 2The 8-K filing incorporates by reference the company's earnings press release (Exhibit 99.1).
  • 3An investor presentation providing further details on the Q1 2022 results is also included as Exhibit 99.2.
  • 4The company hosted a conference call on April 28, 2022, to discuss these financial results.
  • 5Disclosures highlight that the furnished information is not considered 'filed' under Section 18 of the Exchange Act.
  • 6Forward-looking statements are included with a disclaimer about inherent risks and uncertainties.
  • 7Specific risks related to the integration of the CIT Group Inc. acquisition are mentioned.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce and provide access to First Citizens BancShares' financial results for the quarter ended March 31, 2022, through its earnings press release (Exhibit 99.1) and an investor presentation (Exhibit 99.2).

The detailed financial results for Q1 2022 are contained within the press release (Exhibit 99.1) and the investor presentation (Exhibit 99.2) attached to this 8-K filing. These exhibits are incorporated by reference.

No, the information furnished under Item 2.02 and Item 7.01, including the attached exhibits, is explicitly stated as not being 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. This means it does not carry the same liability as information that is formally filed.

Yes, the filing includes standard forward-looking statement disclosures that highlight various risks and uncertainties. Notably, it specifically mentions potential risks associated with the integration of the recently completed acquisition of CIT Group Inc., such as disruption, cost overruns, reputational impact, and challenges in realizing cost savings or synergies.