---
schema_version: "secwatch.filing_event.v1"
accession: "0000798941-24-000022"
form_type: "8-K"
ticker: "FCNCA"
cik: "0000798941"
company_name: "FIRST CITIZENS BANCSHARES INC /DE/"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:52:40.130293+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# First Citizens Q1 net income $731M; adj. EPS $52.92, up from $46.58 Q4

## Summary
- GAAP diluted EPS $49.26 vs $34.33 in Q4 2023; adjusted diluted EPS $52.92 vs $46.58.
- Net interest income $1,817M, down from $1,911M Q4; NIM compressed to 3.67% from 3.86%.
- Total loans $135.4B (+1.6% linked-quarter); deposits $149.6B (+2.6% linked-quarter).
- Nonaccrual ratio 0.79% (up 6bp); net charge-off ratio 0.31% (down 22bp).
- CET1 ratio improved to 13.44% from 13.36% Q4 and 12.53% a year ago.

## SEC filing metadata
- accession: 0000798941-24-000022
- form_type: 8-K
- ticker: FCNCA
- cik: 0000798941
- company_name: FIRST CITIZENS BANCSHARES INC /DE/
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798941/000079894124000022/0000798941-24-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798941/000079894124000022/fcnca-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000798941-24-000022
- JSON: https://secwatch.observer/filing/0000798941-24-000022.json
- Plain text: https://secwatch.observer/filing/0000798941-24-000022.txt

## Key facts
- Earnings Releases
  FIRST CITIZENS BANCSHARES INC /DE/ reported first quarter of 2024 results: net income $731, EPS $49.26.
  - Period: first quarter of 2024
  - Net income: $731
  - EPS: $49.26
  - Result: reported results
  source text: On April 25, 2024, First Citizens BancShares, Inc. (“BancShares”) announced its results of operations for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/798941/000079894124000022/0000798941-24-000022-index.htm

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