SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported): April 14, 2000
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CENTURA BANKS, INC.
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(Exact name of registrant as specified in charter)
North Carolina 1-10646 56-1688522
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(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
134 North Church Street, Rocky Mount, North Carolina 27804
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(Address of principal executive office) (Zip code)
Registrant's telephone number, including area code: (252) 454-4400
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N/A
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(Former name or former address, if changed since last report)
Exhibit Index on Page 4.
Item 5. Other Events
On April 14, 2000, Centura Banks, Inc. ("Centura") announced earnings for the
three months ended March 31, 2000. Net income for the first quarter was $8.0
million or $0.20 per diluted share, including $39.4 million of merger-related
charges incurred as a result of the February 18, 2000 merger with Triangle
Bancorp, Inc. This compares with 1999's first quarter net income of $27.2
million or $0.67 per diluted share, also including merger-related charges
totaling $8.4 million related to the first quarter 1999 merger with First
Coastal Bankshares, Inc. Excluding these merger-related charges, diluted
earnings per share for the three months ended March 31, 2000 and 1999 were $0.90
and $0.80 per diluted share, respectively.
A press release is attached as Exhibit 99.
This press release may contain various forward-looking statements that involve
risks and uncertainties that could cause actual results to differ from
estimates. A discussion of the various factors, including factors beyond
Centura's control, that could cause Centura's results to differ materially from
those expressed in such forward-looking statements is included in Centura's Form
10-K for the year ended December 31, 1999 as filed with the Securities and
Exchange Commission.
Item 7. Financial statements and Exhibits.
The exhibit listed in the Exhibit Index is filed herewith as part of this
Current Report on Form 8-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CENTURA BANKS, INC.
Registrant
Date: April 14, 2000 By: /s/ Steven Goldstein
Steven Goldstein
Chief Financial Officer
EXHIBIT INDEX
Sequential
Page
Exhibit Description of Exhibit Number
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99 Press release dated April 14, 2000 5