---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-002662"
form_type: "8-K"
ticker: "FCNCA"
cik: "0000798941"
company_name: "FIRST CITIZENS BANCSHARES INC /DE/"
filed_at: "2022-01-26T23:59:59+00:00"
generated_at: "2026-06-27T15:39:36.127123+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Citizens Q4 net income $123.3M, down 10.7%; CIT merger completed Jan 3

## Summary
- Q4 net income $123.3M (-10.7% YoY); diluted EPS $12.09 vs $13.59; full-year net income $547.5M (+11.3% YoY).
- Taxable-equivalent NIM 2.58%, down 44 bps YoY; provision for credit losses was net benefit of $5.1M.
- Total loans $32.4B (-1.3% YoY, but +4.9% ex-SBA-PPP); deposits $51.4B (+18.4% YoY).
- Completed CIT merger on Jan 3, 2022, forming top 20 U.S. bank; CIT results not included in Q4 figures.
- Capital well above requirements: CET1 ratio 11.50%, Tier 1 leverage 7.59%; no share repurchases in Q4.

## SEC filing metadata
- accession: 0001140361-22-002662
- form_type: 8-K
- ticker: FCNCA
- cik: 0000798941
- company_name: FIRST CITIZENS BANCSHARES INC /DE/
- filed_at: 2022-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798941/000114036122002662/0001140361-22-002662-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798941/000114036122002662/brhc10033093_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-002662
- JSON: https://secwatch.observer/filing/0001140361-22-002662.json
- Plain text: https://secwatch.observer/filing/0001140361-22-002662.txt

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