8-KEarnings & ResultsRegulation FDExhibits & Filings

FIRST CITIZENS BANCSHARES INC /DE/ 8-K Report, Financial Results (Jan 24, 2025)

Filed January 24, 2025For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens BancShares, Inc. (FCNCA) filed an 8-K on January 24, 2025, to report its financial results for the fourth quarter and fiscal year ended December 31, 2024. The filing includes the company's earnings release and a financial supplement, which provide detailed operational and financial performance data. Investors should refer to these exhibits for specific metrics regarding revenue, profitability, loan growth, deposit levels, and capital adequacy. The report also announces a conference call scheduled for the same day to discuss these results, with accompanying slides available for investor review. While the content is furnished under Regulation FD and not deemed "filed" for liability purposes, it offers crucial insights into the company's recent performance and outlook. Investors are encouraged to examine the provided exhibits for a comprehensive understanding of BancShares' financial condition and to consider the forward-looking statements and associated risks outlined in the filing.

Key Highlights

  • 1Filing of Fourth Quarter and Full Year 2024 Financial Results: BancShares released its earnings for the period ending December 31, 2024.
  • 2Key Financial Documents Included: The 8-K incorporates the official earnings release (Exhibit 99.1) and a detailed financial supplement (Exhibit 99.3).
  • 3Investor Conference Call Announced: A conference call is scheduled for January 24, 2025, at 9 a.m. ET to discuss the financial results.
  • 4Investor Presentation Available: Accompanying slides for the conference call are attached as Exhibit 99.2.
  • 5Forward-Looking Statements and Risk Factors: The filing includes cautionary statements regarding future performance and potential risks, including economic conditions, regulatory changes, and industry volatility.
  • 6Regulation FD Disclosure: Information provided is furnished under Regulation FD and not considered 'filed' for purposes of Section 18 of the Exchange Act, although incorporated by reference if specifically stated in future filings.

Frequently Asked Questions

This 8-K filing includes the official Earnings Release for the Fourth Quarter of 2024 (Exhibit 99.1), Investor Presentation slides for the Fourth Quarter of 2024 (Exhibit 99.2), and a detailed Financial Supplement for the Fourth Quarter of 2024 (Exhibit 99.3).

First Citizens BancShares will host a conference call on January 24, 2025, at 9 a.m. Eastern Time to discuss their financial results for the quarter ended December 31, 2024. The accompanying presentation slides are provided as part of this filing.

The Regulation FD disclosure indicates that the information presented in Items 2.02 and 7.01, including the attached exhibits, is being furnished to the public and is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. This means the company generally would not be liable under Section 18 for any misstatements or omissions in this furnished information, unless explicitly incorporated into a later 'filed' document.

The filing highlights several risks, including general competitive, economic, political, and market conditions; impacts from previous and potential future bank failures; public perception; changes in interest rates; loan and investment portfolio quality; regulatory actions (including FDIC special assessments and capital rule proposals); cyberattacks; and the successful integration of past and future acquisitions.