secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)
CIK:        0000798941
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0000798941-22-000052
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Citizens Q3 net income $315M, EPS $19.25; NIM expands 36 bps to 3.40%
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- Net income available to common $303M ($19.25/sh); adjusted $326M ($20.77/sh).
- Pre-provision net revenue $468M, up 23.5% QoQ; adjusted $506M, up 21.3%.
- Net interest margin 3.40% (+36 bps QoQ); loans grew $2.1B to $69.8B.
- Deposits fell $1.8B; borrowings up $3.9B to fund loan growth.
- Share repurchases: 98.5% of 1.5M share authorization completed as of Oct 25.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798941/000079894122000052/0000798941-22-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798941/000079894122000052/fcnca-20221027.htm
  HTML page:      https://secwatch.observer/filing/0000798941-22-000052

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer