secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)
CIK:        0000798941
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0000798941-24-000010
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Citizens Q4 GAAP EPS $34.33, adj. $46.58; NIM 3.86%, loans $133.3B
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- GAAP net income available to common of $499M ($34.33 diluted EPS); adjusted $678M ($46.58).
- Net interest income $1,911M, down 4% QoQ; net interest margin 3.86% vs 4.07% in Q3.
- Provision for credit losses $249M, up from $192M Q3; net charge-off ratio 0.53%.
- Period-end loans $133.3B, deposits $145.9B; CET1 ratio 13.36%, TBV $1,357.77.
- Completed CIT integration and SVB stabilization; CEO cites solid results for 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798941/000079894124000010/0000798941-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798941/000079894124000010/fcnca-20240126.htm
  HTML page:      https://secwatch.observer/filing/0000798941-24-000010

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