{"schema_version":"secwatch.filing_event.v1","accession":"0000798941-23-000028","form_type":"8-K","ticker":"FCNCA","cik":"0000798941","company_name":"FIRST CITIZENS BANCSHARES INC /DE/","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.261660+00:00","generated_at":"2026-06-15T07:30:05.788472+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"medium","headline":"First Citizens reports Q1 earnings; acquired $106.6B SVB Bridge Bank assets at discount","bullets":["Acquired $106.6B total assets (including $68.5B loans) and assumed $55.96B deposits from FDIC on March 27, 2023.","Assets acquired at a $16.45B discount; issued $35.15B 5-year Purchase Money Note to FDIC at 3.50% interest.","Paid $500M cash to FDIC in April 2023 for value appreciation instrument granted in connection with acquisition.","Established new SVB business segment for acquired operations; Chairman cites solid financial performance and capital/liquidity."],"urls":{"canonical":"https://secwatch.observer/filing/0000798941-23-000028","json":"https://secwatch.observer/filing/0000798941-23-000028.json","markdown":"https://secwatch.observer/filing/0000798941-23-000028.md","text":"https://secwatch.observer/filing/0000798941-23-000028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/798941/000079894123000028/0000798941-23-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/798941/000079894123000028/fcnca-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T07:30:05.788472+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1b5baf5ff6e788b02884d32e72af4d518a44275f","claim":"FIRST CITIZENS BANCSHARES INC /DE/ reported financial results for the quarter ended March 31, 2023.","evidence_excerpt":"On May 10, 2023, First Citizens BancShares, Inc. (“BancShares”) announced its results of operations for the quarter ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/798941/000079894123000028/0000798941-23-000028-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}