---
schema_version: "secwatch.filing_event.v1"
accession: "0000798941-23-000010"
form_type: "8-K"
ticker: "FCNCA"
cik: "0000798941"
company_name: "FIRST CITIZENS BANCSHARES INC /DE/"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:49:39.236722+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Citizens Q4 net income $243M ($16.67 EPS); adjusted EPS $20.94; NIM 3.36%

## Summary
- Net interest income $802M (+$7M QoQ); net interest margin 3.36% (-4 bps QoQ).
- Loans $70.8B (+$1.0B QoQ, 5.6% annualized); deposits $89.4B (+$1.9B QoQ, 8.4% annualized).
- Provision for credit losses $79M (vs $60M Q3); net charge-offs $24M (0.14% of avg loans); nonaccrual loans 0.89% (vs 0.65% Q3).
- Repurchased 472,586 shares for $398M in Q4; 1.5M shares for $1.2B in 2022; expects to resume buybacks in H2 2023.
- Board amended bylaws for universal proxy rules, remote meetings, eliminated 100-share director ownership requirement; director retirement age changed to 75.

## SEC filing metadata
- accession: 0000798941-23-000010
- form_type: 8-K
- ticker: FCNCA
- cik: 0000798941
- company_name: FIRST CITIZENS BANCSHARES INC /DE/
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798941/000079894123000010/0000798941-23-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798941/000079894123000010/fcnca-20230124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000798941-23-000010
- JSON: https://secwatch.observer/filing/0000798941-23-000010.json
- Plain text: https://secwatch.observer/filing/0000798941-23-000010.txt

## Key facts
- Earnings Releases
  FIRST CITIZENS BANCSHARES INC /DE/ reported the quarter ended December 31, 2022 results: net income $243 million, EPS $16.67 per diluted common share.
  - Period: the quarter ended December 31, 2022
  - Net income: $243 million
  - EPS: $16.67 per diluted common share
  - Result: reported results
  source text: For the fourth quarter, net income available to common stockholders was $243 million, or $16.67 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/798941/000079894123000010/0000798941-23-000010-index.htm
- Governance Changes
  FIRST CITIZENS BANCSHARES INC /DE/: Adopted amended and restated bylaws to enhance shareholder nomination procedures, allow remote meetings, and eliminate director stock ownership requirement (effective 2023-01-24).
  - Change: bylaw amendment
  - Effective: 2023-01-24
  source text: On January 24, 2023, in connection with the new Securities and Exchange Commission rules regarding universal proxy cards and a periodic review of the bylaws of BancShares, the Board of Directors of BancShares (the “Board”) adopted and approved amended and restated bylaws (the “Amended and Restated Bylaws”), which became effective the same day.
  evidence_url: https://www.sec.gov/Archives/edgar/data/798941/000079894123000010/0000798941-23-000010-index.htm

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