secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)
CIK:        0000798941
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0000798941-25-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Citizens Q1 EPS $34.47 down 30% QoQ; net income $483M from $700M
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- Diluted EPS $34.47 (GAAP) vs $49.21 in Q4 2024; adjusted EPS $37.79 vs $45.10.
- Net interest income $1,663M down 2.7% QoQ; NIM 3.26% vs 3.32% prior quarter.
- Loans grew to $141.4B (+0.8%) and deposits to $159.3B (+2.6%) QoQ.
- Returned $613M to shareholders via share repurchases during Q1.
- Completed $1.25B debt issuance: $500M senior notes + $750M subordinated notes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798941/000079894125000019/0000798941-25-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798941/000079894125000019/fcnca-20250424.htm
  HTML page:      https://secwatch.observer/filing/0000798941-25-000019

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