---
schema_version: "secwatch.filing_event.v1"
accession: "0000798941-21-000043"
form_type: "8-K"
ticker: "FCNCA"
cik: "0000798941"
company_name: "FIRST CITIZENS BANCSHARES INC /DE/"
filed_at: "2021-10-27T23:59:59+00:00"
generated_at: "2026-06-28T17:42:10.738839+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First Citizens Q3 net income $124.1M, down 13% YoY; EPS $12.17 vs $14.03; NIM 2.61%

## Summary
- Net income fell to $124.1M from $142.7M YoY; diluted EPS $12.17 vs $14.03.
- Net interest margin compressed 45bp to 2.61% from 3.06% YoY due to excess liquidity and lower loan yields.
- Total loans ex-SBA PPP grew 5.6% annualized in Q3; deposits up 13.6% annualized linked quarter.
- Provision for credit losses was a net benefit of $1.1M vs $4.0M expense YoY; ACL at 0.56% of loans.
- CIT merger extended to March 1, 2022; awaiting Federal Reserve approval; no share repurchases in Q3.

## SEC filing metadata
- accession: 0000798941-21-000043
- form_type: 8-K
- ticker: FCNCA
- cik: 0000798941
- company_name: FIRST CITIZENS BANCSHARES INC /DE/
- filed_at: 2021-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798941/000079894121000043/0000798941-21-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798941/000079894121000043/fcnca-20211027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000798941-21-000043
- JSON: https://secwatch.observer/filing/0000798941-21-000043.json
- Plain text: https://secwatch.observer/filing/0000798941-21-000043.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.