secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)
CIK:        0000798941
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000798941-23-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798941/000079894123000034/0000798941-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798941/000079894123000034/fcnca-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000798941-23-000034

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