secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)
CIK:        0000798941
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0000798941-22-000044
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798941/000079894122000044/0000798941-22-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798941/000079894122000044/fcnca-20220728.htm
  HTML page:      https://secwatch.observer/filing/0000798941-22-000044

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