{"schema_version":"secwatch.filing_event.v1","accession":"0000798941-25-000016","form_type":"8-K","ticker":"FCNCA","cik":"0000798941","company_name":"FIRST CITIZENS BANCSHARES INC /DE/","filed_at":"2025-04-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.319902+00:00","generated_at":"2026-05-23T20:30:35.660132+00:00","sec_items":["1.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"First Citizens terminates FDIC shared-loss agreement on $60B SVB loan portfolio","bullets":["Early termination of commercial shared-loss agreement (CSLA) with FDIC covering $60B in loans from Silicon Valley Bridge Bank acquisition.","Termination motivated by remote likelihood of reaching the $5B loss threshold; no payments due from either party.","$35.99B purchase money note (3.50% fixed, matures March 2028) remains in effect and unaffected by the termination.","All FDIC loss-sharing (0% under $5B, 50% above) and FCB reimbursement obligations and related reporting covenants eliminated."],"urls":{"canonical":"https://secwatch.observer/filing/0000798941-25-000016","json":"https://secwatch.observer/filing/0000798941-25-000016.json","markdown":"https://secwatch.observer/filing/0000798941-25-000016.md","text":"https://secwatch.observer/filing/0000798941-25-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/798941/000079894125000016/0000798941-25-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/798941/000079894125000016/fcnca-20250407.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T20:30:35.660132+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}