---
schema_version: "secwatch.filing_event.v1"
accession: "0000798941-24-000044"
form_type: "8-K"
ticker: "FCNCA"
cik: "0000798941"
company_name: "FIRST CITIZENS BANCSHARES INC /DE/"
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:46:49.899762+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# First Citizens Q3 net income $639M ($43.42 EPS), down 15% YoY; NIM 3.53%, credit weakens

## Summary
- Net income available to common $624M; diluted EPS $43.42, down from $50.67 YoY. Adjusted EPS $45.87.
- Net interest income $1,796M (-9.7% YoY); net interest margin 3.53% vs 4.07% on rate and mix pressure.
- Total loans $138.7B (+4.1% YoY) but SVB Commercial fund banking loans fell to $27.1B.
- Nonaccrual loans ratio 0.90% (vs 0.68% YoY); net charge-offs $145M (0.42% annualized).
- Repurchased ~350,000 shares for $700M in Q3 under July 2024 buyback plan.

## SEC filing metadata
- accession: 0000798941-24-000044
- form_type: 8-K
- ticker: FCNCA
- cik: 0000798941
- company_name: FIRST CITIZENS BANCSHARES INC /DE/
- filed_at: 2024-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798941/000079894124000044/0000798941-24-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798941/000079894124000044/fcnca-20241024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000798941-24-000044
- JSON: https://secwatch.observer/filing/0000798941-24-000044.json
- Plain text: https://secwatch.observer/filing/0000798941-24-000044.txt

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