secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)
CIK:        0000798941
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000798941-24-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798941/000079894124000022/0000798941-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798941/000079894124000022/fcnca-20240425.htm
  HTML page:      https://secwatch.observer/filing/0000798941-24-000022

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