Skip to content
All library documents

Why Some Banks Lack SEC Companyfacts Data

Article Quant Q&A · Author: user2183336
Read the original

Summary

The document asks why some financial companies appear to lack filings or XBRL companyfacts data in SEC EDGAR, despite having financial information available through commercial market-data sites. Examples include several banks whose EDGAR records appear limited or difficult to identify. This matters to researchers who rely on SEC companyfacts for automated financial statement data, because absence from that endpoint can be mistaken for an absence of reported information.

The sole response asks whether the companies are FDIC-insured banks and points to the SEC's FAQ concerning FDIC banks. It suggests that bank-specific filing arrangements may explain the discrepancy, but does not spell out the reporting rules or establish which example companies fall under them. The exchange is therefore a pointer for further investigation rather than a complete guide to EDGAR coverage. It offers no procedure for finding alternate filings or reconciling them with third-party financial data.

Key ideas

  • An issuer may appear to have little or no data in the SEC companyfacts endpoint even when other data providers show financials.
  • The response suggests checking SEC guidance about FDIC banks as a possible explanation.
  • The discussion does not establish the applicable filing requirements or provide a complete data-retrieval method.

Tags

EquitiesStatisticsFixed income
Full text
# Companies without filings or companyfacts on EDGAR


# Companies without filings or companyfacts on EDGAR












I'm wondering why a handful of companies, mostly banks or financials, don't have filings or XBRL companyfacts data on EDGAR?

I'm new to EDGAR and was poking around. I noticed there are a handful of companies without data in XBRL companyfacts link `https://data.sec.gov/api/xbrl/companyfacts/CIK**********.json`. These companies seem like they should have data. They are mostly banks.

Some examples:

SBNY - Signature Bank. Company has an $11B marketcap. Yahoo finance shows data and financials.. Only filings on EDGAR appear to be SC 13G which I'm not overly familiar with past a google.

OZK - Bank OZK. $5B marketcap. Yahoo has data. EDGAR only lists 13F-HR forms?

FRC - First Republic Bank. $30B market cap. Yahoo again has data. EDGAR is a bit confusing on correct CIK, but the most obvious again holds SC 13G forms.

Any ideas?

## Answer by Dimitri Vulis (score 1)

https://quant.stackexchange.com/a/72068

Are they all FDIC banks? Please see Edgar FAQ https://www.sec.gov/os/webmaster-faq#fdic-banks

Shown in full with attribution under the source's licence. Licence: CC BY-SA 4.0 (Stack Exchange)

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.