8-KEarnings & ResultsRegulation FDExhibits & Filings

FIRST CITIZENS BANCSHARES INC /DE/ 8-K Report, Financial Results (Jan 26, 2024)

Filed January 26, 2024For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens BancShares, Inc. (FCNCA) has filed an 8-K report on January 26, 2024, to announce its financial results for the fourth quarter and full year ended December 31, 2023. The filing incorporates by reference the company's earnings release (Exhibit 99.1), investor presentation (Exhibit 99.2), and financial supplement (Exhibit 99.3), which contain detailed operational and financial performance information. Investors should review these attached documents for a comprehensive understanding of the company's recent performance and strategic outlook. While the 8-K itself does not contain the specific financial figures, it serves as the official notification and gateway to the detailed information provided in the exhibits. The company also noted the upcoming conference call to discuss these results, indicating an opportunity for further insights and engagement. A crucial aspect of this filing is the forward-looking statements disclaimer, which highlights various risks and uncertainties that could impact future results, including economic conditions, regulatory changes, interest rate fluctuations, and integration risks from recent acquisitions.

Key Highlights

  • 1Announcement of Fourth Quarter and Full Year 2023 Financial Results.
  • 2Key financial details and operational performance are provided in attached Exhibits 99.1 (Earnings Release), 99.2 (Investor Presentation), and 99.3 (Financial Supplement).
  • 3Company scheduled a conference call on January 26, 2024, to discuss the reported financial results.
  • 4Filing includes a comprehensive disclaimer regarding forward-looking statements, outlining potential risks and uncertainties.
  • 5Risks mentioned include economic volatility, interest rate changes, regulatory developments, and integration challenges from acquisitions like Silicon Valley Bridge Bank and CIT Group.

Frequently Asked Questions

The specific financial results for the fourth quarter ended December 31, 2023, are detailed in the exhibits attached to this 8-K filing: Exhibit 99.1 (Earnings Release), Exhibit 99.2 (Investor Presentation), and Exhibit 99.3 (Financial Supplement). These documents are incorporated by reference into the filing.

The company's filing points to several potential risks, including general economic and market conditions, competitive pressures, interest rate fluctuations, regulatory changes and increased compliance costs (such as FDIC special assessments), geopolitical events, and challenges related to integrating recent acquisitions like Silicon Valley Bridge Bank and CIT Group. These factors could materially affect future financial results.

Yes, First Citizens BancShares hosted a conference call on Friday, January 26, 2024, at 9 a.m. Eastern time, to discuss the financial results for the quarter ended December 31, 2023. The slides used in the presentation are available as Exhibit 99.2.