---
schema_version: "secwatch.filing_event.v1"
accession: "0000798941-22-000044"
form_type: "8-K"
ticker: "FCNCA"
cik: "0000798941"
company_name: "FIRST CITIZENS BANCSHARES INC /DE/"
filed_at: "2022-07-28T23:59:59+00:00"
generated_at: "2026-06-24T07:49:55.275968+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# First Citizens BancShares Reports Q2 2022 Earnings and Announces Share Repurchase Program

## Summary
- Q2 2022 net income available to common stockholders was $238 million, or $14.86 per share.
- Adjusted pre-provision net revenue increased $60 million from Q1 2022 due to net interest margin expansion and fee income growth.
- Board authorized repurchase of up to 1.5 million shares of Class A common stock through July 28, 2023.
- Total loans increased $2.2 billion or 13.5% annualized; deposits declined $2.3 billion or 9.9% annualized.
- Merger with CIT Group substantially complete; first major customer conversion of OneWest Bank completed.

## SEC filing metadata
- accession: 0000798941-22-000044
- form_type: 8-K
- ticker: FCNCA
- cik: 0000798941
- company_name: FIRST CITIZENS BANCSHARES INC /DE/
- filed_at: 2022-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798941/000079894122000044/0000798941-22-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798941/000079894122000044/fcnca-20220728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000798941-22-000044
- JSON: https://secwatch.observer/filing/0000798941-22-000044.json
- Plain text: https://secwatch.observer/filing/0000798941-22-000044.txt

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