{"schema_version":"secwatch.filing_event.v1","accession":"0000798941-24-000012","form_type":"8-K/A","ticker":"FCNCA","cik":"0000798941","company_name":"FIRST CITIZENS BANCSHARES INC /DE/","filed_at":"2024-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.952932+00:00","generated_at":"2026-06-06T16:59:27.022162+00:00","sec_items":["1.01","2.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"First Citizens BancShares completes SVB bridge bank acquisition; records $9.8B after-tax gain","bullets":["Assets acquired $107.54B (loans $68.47B, cash $35.31B); liabilities assumed $61.42B (deposits $56.01B).","Preliminary after-tax gain on acquisition $9.81B; assets acquired at $16.45B discount.","Issued $35.81B purchase money note to FDIC; $500M value appreciation instrument exercised and paid.","Shared-loss agreement covers $60.5B loans; FDIC shares 50% of losses above $5B; possible true-up to $1.5B.","SVB Segment: net income $530M Mar-Dec 2023; deposits fell from $56.01B to $38.48B."],"urls":{"canonical":"https://secwatch.observer/filing/0000798941-24-000012","json":"https://secwatch.observer/filing/0000798941-24-000012.json","markdown":"https://secwatch.observer/filing/0000798941-24-000012.md","text":"https://secwatch.observer/filing/0000798941-24-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/798941/000079894124000012/0000798941-24-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/798941/000079894124000012/fcnca-20230327.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T16:59:27.022162+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":"8193f15e9415407b65e6286b88b8c81fdc5ab245","claim":"FIRST CITIZENS BANCSHARES INC /DE/ completed an acquisition involving Federal Deposit Insurance Corporation (closed 2023-03-27).","evidence_excerpt":"FCB acquired assets with a fair value of $107.54 billion, including approximately $68.47 billion in loans held by Silicon Valley Bridge Bank and $35.31 billion of cash and interest-earning deposits at banks.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/798941/000079894124000012/0000798941-24-000012-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Federal Deposit Insurance Corporation"},{"label":"Closing","value":"2023-03-27"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}