8-KEarnings & ResultsRegulation FDExhibits & Filings

FIRST CITIZENS BANCSHARES INC /DE/ 8-K Report, Financial Results (Oct 24, 2024)

Filed October 24, 2024For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens BancShares, Inc. (FCNCA) has filed an 8-K to report its financial results for the third quarter ended September 30, 2024. The filing primarily serves to attach the official earnings press release (Exhibit 99.1), investor presentation slides (Exhibit 99.2), and a detailed financial supplement (Exhibit 99.3). These documents provide the substance of the company's performance and outlook for the period. Investors should refer to the attached exhibits for specific financial metrics, operational highlights, and management's commentary. The company also announced a conference call to discuss these results, indicating transparency and an opportunity for further insights. It's important to note that the information furnished in this 8-K is not considered 'filed' for regulatory purposes unless expressly incorporated by reference into a specific filing, which is a standard disclaimer for such announcements.

Key Highlights

  • 1Filing of Q3 2024 earnings results via press release (Exhibit 99.1), investor presentation (Exhibit 99.2), and financial supplement (Exhibit 99.3).
  • 2Announcement of a conference call scheduled for October 24, 2024, at 9 a.m. ET to discuss Q3 financial results.
  • 3Information provided is furnished and not deemed 'filed' under Section 18 of the Exchange Act, limiting liability.
  • 4Forward-looking statements are subject to numerous risks and uncertainties, including economic conditions, regulatory changes, and competition.
  • 5Specific risks mentioned include the impact of recent bank failures, interest rate fluctuations, and potential FDIC special assessments.
  • 6Reference is made to the company's Form 10-K for the year ended December 31, 2023, for a more comprehensive discussion of risks.

Frequently Asked Questions

The detailed financial results for the quarter ended September 30, 2024, are available in the attached exhibits to this 8-K filing. Specifically, refer to Exhibit 99.1 (Earnings Release), Exhibit 99.2 (Investor Presentation), and Exhibit 99.3 (Financial Supplement).

First Citizens BancShares will host a conference call to discuss its Q3 2024 financial results on Thursday, October 24, 2024, at 9 a.m. Eastern time. The investor presentation slides for this call are attached as Exhibit 99.2.

This disclaimer is a standard legal provision for 8-K filings that furnish information rather than making a formal filing. It means that the information provided in this specific 8-K report (and its exhibits) will not be subject to the anti-fraud provisions of Section 18 of the Securities Exchange Act of 1934, unless explicitly incorporated into another SEC filing. It generally limits the company's liability for the furnished information in that specific context.

The company highlighted several risks including general economic and market conditions, competitive pressures, impacts from recent bank failures and industry volatility, interest rate fluctuations, regulatory changes (such as potential FDIC special assessments or capital rule changes), geopolitical events, and risks associated with past and future acquisitions. More detailed risk factors can be found in their Form 10-K for the year ended December 31, 2023.