8-KEarnings & ResultsRegulation FDExhibits & Filings

FIRST CITIZENS BANCSHARES INC /DE/ 8-K Report, Financial Results (Oct 26, 2023)

Filed October 26, 2023For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens BancShares, Inc. (FCNCA) has filed an 8-K report on October 26, 2023, to announce its financial results for the quarter ended September 30, 2023. This filing incorporates by reference a press release (Exhibit 99.1) and investor presentation slides (Exhibit 99.2) that were made available during a conference call on the same day. These documents provide detailed insights into the company's performance, strategic initiatives, and outlook, offering investors crucial information regarding the bank's operational and financial condition. While specific financial metrics are not detailed within the 8-K text itself, the report directs investors to the attached exhibits for comprehensive earnings data. The filing also emphasizes that the information provided is not considered "filed" under Section 18 of the Exchange Act, meaning it is not subject to the same liability provisions as formal filings. Investors should carefully review the press release and investor presentation for a thorough understanding of the quarterly results and any forward-looking statements, which are subject to various risks and uncertainties as outlined in the report.

Key Highlights

  • 1FCNCA announced its Q3 2023 financial results on October 26, 2023, via an 8-K filing.
  • 2The filing includes a press release (Exhibit 99.1) and investor presentation (Exhibit 99.2) for the quarter ended September 30, 2023.
  • 3A conference call was held on October 26, 2023, to discuss the quarterly financial results.
  • 4The report incorporates forward-looking statements, which are subject to significant risks and uncertainties.
  • 5Specific risks mentioned include economic conditions, interest rate changes, regulatory actions, and integration challenges from past acquisitions (Silicon Valley Bridge Bank, CIT Group).
  • 6Information provided in this 8-K is not deemed "filed" for purposes of Section 18 of the Exchange Act.
  • 7Investors are directed to the attached exhibits for detailed financial performance data.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce and provide access to First Citizens BancShares, Inc.'s (FCNCA) financial results for the quarter ended September 30, 2023. It incorporates by reference a press release and investor presentation that contain the detailed financial information and discussion.

The specific financial results for the quarter ended September 30, 2023, are detailed in the press release (Exhibit 99.1) and the investor presentation (Exhibit 99.2) attached to this 8-K filing. These documents should be reviewed for quantitative data on performance.

The forward-looking statements made by FCNCA are subject to inherent risks, uncertainties, and changes in circumstances. While they provide insights into management's expectations, actual results may differ materially due to various factors, including economic conditions, regulatory changes, and integration risks from acquisitions. The company explicitly disclaims any obligation to update these statements publicly.

When information is furnished and not "filed" under Section 18 of the Exchange Act, it means that the company and its officers are not subject to the same legal liabilities for misstatements or omissions in that information as they would be for formally filed documents. While it's still important information for investors, it carries a different legal weight compared to information filed in, for example, a Form 10-K or 10-Q.