---
schema_version: "secwatch.filing_event.v1"
accession: "0000798941-23-000034"
form_type: "8-K"
ticker: "FCNCA"
cik: "0000798941"
company_name: "FIRST CITIZENS BANCSHARES INC /DE/"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T10:20:14.826866+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# First Citizens BancShares Reports Q2 2023 Earnings Including Full Quarter Impact from SVB Acquisition

## Summary
- Reported Q2 2023 earnings including first full quarter after acquiring Silicon Valley Bridge Bank on March 27, 2023.
- Acquired assets with estimated fair value of $107.26 billion and loans of $68.46 billion from FDIC.
- Assumed $55.90 billion in customer deposits without premium and $16.45 billion discount on assets.
- Entered into a five-year note payable to FDIC of $36.07 billion at 3.50% interest.

## SEC filing metadata
- accession: 0000798941-23-000034
- form_type: 8-K
- ticker: FCNCA
- cik: 0000798941
- company_name: FIRST CITIZENS BANCSHARES INC /DE/
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798941/000079894123000034/0000798941-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798941/000079894123000034/fcnca-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000798941-23-000034
- JSON: https://secwatch.observer/filing/0000798941-23-000034.json
- Plain text: https://secwatch.observer/filing/0000798941-23-000034.txt

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