8-KEarnings & ResultsRegulation FDExhibits & Filings

FIRST CITIZENS BANCSHARES INC /DE/ 8-K Report, Financial Results (Aug 3, 2023)

Filed August 3, 2023For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens BancShares, Inc. (FCNCA) has filed an 8-K report on August 3, 2023, to announce its financial results for the quarter ended June 30, 2023. The filing includes a press release (Exhibit 99.1) detailing these results and an investor presentation (Exhibit 99.2) that will be used for a conference call on the same day. Investors should note that the information provided in this 8-K is furnished and not filed, meaning it is not considered legally 'filed' for purposes of Section 18 of the Exchange Act, unless specifically incorporated into other filings. The report also contains forward-looking statements, which are subject to various risks and uncertainties. These include general economic conditions, competitive pressures, interest rate fluctuations, regulatory changes, and the successful integration of past acquisitions, such as the recent transaction with CIT. Investors are advised to review the company's other SEC filings, including its Form 10-K for the year ended December 31, 2022, and Form 10-Q for the period ended March 31, 2023, for a more comprehensive understanding of these risks and potential impacts on future performance.

Key Highlights

  • 1Announcement of Q2 2023 financial results via press release (Exhibit 99.1).
  • 2Investor presentation slides (Exhibit 99.2) provided for discussion of Q2 results.
  • 3Company hosted a conference call on August 3, 2023, at 9 a.m. ET to discuss results.
  • 4Information furnished under Item 2.02 and 7.01 is not deemed 'filed' for Section 18 purposes unless explicitly referenced.
  • 5Forward-looking statements highlight significant risks including economic conditions, interest rate volatility, and acquisition integration challenges.
  • 6Specific mention of risks related to the recent transaction with CIT, including integration, cost realization, and customer retention.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly announce First Citizens BancShares, Inc.'s financial results for the quarter ended June 30, 2023, through an attached press release (Exhibit 99.1) and an investor presentation (Exhibit 99.2).

No, the information furnished in this 8-K under Items 2.02 and 7.01, including the exhibits, is not considered 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, unless the company specifically states otherwise in a future filing.

The company highlights several risks, including general economic and market conditions, fluctuating interest rates, regulatory changes, and challenges associated with integrating recent acquisitions, particularly the transaction with CIT. These factors could impact future financial results.

Investors seeking more comprehensive information should refer to First Citizens BancShares' other SEC filings, such as its Annual Report on Form 10-K for the fiscal year ended December 31, 2022, and its Quarterly Report on Form 10-Q for the period ended March 31, 2023.