secwatch.observer — SEC 8-K summary
======================================

Issuer:     FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)
CIK:        0000798941
Form:       8-K
Filed at:   2025-10-23T23:59:59+00:00
Accession:  0000798941-25-000047
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Citizens Q3 diluted EPS $43.08 (adjusted $44.62); net income $568M; BMO branch acquisition announced
--------------------------------------------------------------------------------

- Diluted EPS $43.08 GAAP, $44.62 adjusted; net income $568M vs $639M a year ago.
- Net interest income $1.734B, down 3.5% YoY; provision for credit losses $191M (up from $117M).
- Total loans $144.8B, deposits $163.2B, up 4.4% and 7.7% YoY respectively.
- Announced acquisition of 138 BMO branches assuming ~$5.7B deposits and ~$1.1B loans; expected close mid-2026.
- Returned $900M via share repurchases in Q3; CET1 ratio 11.65%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798941/000079894125000047/0000798941-25-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798941/000079894125000047/fcnca-20251023.htm
  HTML page:      https://secwatch.observer/filing/0000798941-25-000047

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