[8-K] First Citizens BancShares Inc Reports Material Event
First Citizens BancShares, Inc. executed an offering of subordinated debt under a previously filed Form S-3 registration statement and a Prospectus Supplement dated September 2, 2025. The company entered an Underwriting Agreement dated September 2, 2025 with BofA Securities, Inc. and Morgan Stanley & Co. LLC as representatives of the underwriters to sell the securities. A Third Supplemental Indenture dated September 5, 2025 supplements the Subordinated Base Indenture dated March 4, 2020, and the offering includes a form of 5.600% Fixed Rate Reset Subordinated Notes due 2035. Legal opinion and consent from Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP are included, and the filing is signed by Craig L. Nix, Chief Financial Officer.
First Citizens BancShares, Inc. ha eseguito un'emissione di debito subordinato ai sensi di una precedente dichiarazione di registrazione Form S-3 e un Prospectus Supplement datato 2 settembre 2025. L'azienda ha stipulato un Underwriting Agreement datato 2 settembre 2025 con BofA Securities, Inc. e Morgan Stanley & Co. LLC in qualità di rappresentanti degli underwriter per la vendita dei titoli. Un Third Supplemental Indenture datato 5 settembre 2025 integra l'Subordinated Base Indenture datata 4 marzo 2020, e l'offerta comprende una forma di 5,600% Fixed Rate Reset Subordinated Notes due 2035. Un parere legale e il consenso di Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP sono inclusi, e la filing è firmata da Craig L. Nix, Chief Financial Officer.
First Citizens BancShares, Inc. llevó a cabo una emisión de deuda subordinada conforme a una declaración de registro Form S-3 previamente presentada y un Prospectus Supplement fechado el 2 de septiembre de 2025. La empresa suscribió un Acuerdo de Suscripción fechado el 2 de septiembre de 2025 con BofA Securities, Inc. y Morgan Stanley & Co. LLC como representantes de los suscriptores para la venta de los valores. Un Third Supplemental Indenture fechado el 5 de septiembre de 2025 complementa la Subordinated Base Indenture fechada el 4 de marzo de 2020, y la oferta incluye una forma de Notas Subordinadas a Tasa Fija de 5,600% con Reajuste y vencimiento en 2035. Se incluye un dictamen legal y el consentimiento de Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP, y la presentación está firmada por Craig L. Nix, Chief Financial Officer.
First Citizens BancShares, Inc.는 이전에 제출된 Form S-3 등록서 및 2025년 9월 2일자 Prospectus Supplement에 따라 subordinated debt를 발행했습니다. 회사는 발행자들을 대표해 Underwriters로서 BofA Securities, Inc.와 Morgan Stanley & Co. LLC와 함께 발행인 계약(Underwriting Agreement) 2025년 9월 2일자를 체결하여 증권을 판매합니다. 2025년 9월 5일자 Third Supplemental Indenture가 2020년 3월 4일자 Subordinated Base Indenture를 보완하며, 본 발행은 2035년 만기 5.600% 고정 이자 재설정(Subordinated Notes)의 형태를 포함합니다. Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP의 법적 의견서와 동의서가 포함되며, 서류에 Craig L. Nix, Chief Financial Officer의 서명이 있습니다.
First Citizens BancShares, Inc. a procédé à une émission de dette subordinée en vertu d'une déclaration d'enregistrement Form S-3 préalablement déposée et d'un Prospectus Supplement daté du 2 septembre 2025. La société a conclu un Underwriting Agreement daté du 2 septembre 2025 avec BofA Securities, Inc. et Morgan Stanley & Co. LLC en qualité de porte-parole des souscripteurs pour la vente des valeurs. Un Third Supplemental Indenture daté du 5 septembre 2025 complète l'Subordinated Base Indenture datée du 4 mars 2020, et l'offre comprend une forme de Notes Subordonnées à Taux Fixe Révisable 5,600% arrivant à l'échéance en 2035. L'avis juridique et le consentement de Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP sont inclus, et le document est signé par Craig L. Nix, Chief Financial Officer.
First Citizens BancShares, Inc. führte eine Emission von nachrangigen Anleihen gemäß einer zuvor eingereichten Form S-3 Registrierungsstatement und einem Prospectus Supplement datiert zum 2. September 2025 durch. Das Unternehmen schloss eine Underwriting Agreement datiert zum 2. September 2025 mit BofA Securities, Inc. und Morgan Stanley & Co. LLC als Vertreter der Emittenten ab, um die Wertpapiere zu verkaufen. Ein Third Supplemental Indenture datiert zum 5. September 2025 ergänzt die Subordinated Base Indenture datiert zum 4. März 2020, und das Angebot umfasst eine Form von 5,600% Fixed Rate Reset Subordinated Notes fällig 2035. Rechtliche Stellungnahme und Zustimmung von Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP sind enthalten, und die Einreichung ist unterzeichnet von Craig L. Nix, Chief Financial Officer.
First Citizens BancShares, Inc. نفذت إصداراً من الدين الدرجي subordinated وفقاً لبيان تسجيل Form S-3 سبق تقديمه و Prospectus Supplement المؤرخ 2 سبتمبر 2025. دخلت الشركة في اتفاقية الاكتتاب المؤرخة 2 سبتمبر 2025 مع BofA Securities, Inc. وMorgan Stanley & Co. LLC بصفتهما ممثلين للمكتتبين لبيع الأوراق المالية. يُكمل Third Supplemental Indenture المؤرخ 5 سبتمبر 2025 Subordinated Base Indenture المؤرخ 4 مارس 2020، وتضم العروض شكلاً من Notes Subordinated 5.600% Fixed Rate Reset حتى 2035. وتشمل الرأي القانوني وموافقة من Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP، وتوقيع الملف من Craig L. Nix، المدير المالي.
First Citizens BancShares, Inc. 根据先前提交的 Form S-3 注册声明及一个 日期为 2025 年 9 月 2 日的招股说明书增编,执行了次级债务发行。公司与代表承销商的 BofA Securities, Inc. 和 Morgan Stanley & Co. LLC 签署了 2025 年 9 月 2 日的承销协议,以销售证券。一个 2025 年 9 月 5 日的第三次补充契约 补充了 2020 年 3 月 4 日的次级基底契约,本次发行包括一种 2035 年到期的 5.600% 固定利率重设次级票据 的形式。包含 Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP 的法律意见及同意书,且文件由 Craig L. Nix,首席财务官 签署。
- Accessed long-term funding via an underwritten offering of subordinated notes dated Sept 2–5, 2025
- Fixed coupon of 5.600% provides financing certainty for the note term
- Underwritten by major banks (BofA Securities and Morgan Stanley), indicating standard market distribution
- Increases subordinated long-term liabilities, adding to the company’s debt profile through 2035
- Subordinated status means these notes rank below senior creditors, affecting recovery priority
- Fixed 5.600% coupon represents a long-term interest expense commitment regardless of future rate movements
Insights
TL;DR: The company issued subordinated notes with a 5.600% coupon maturing in 2035, arranged by major underwriters.
The filing documents an underwritten sale of subordinated debt under the company’s Form S-3 shelf and a Prospectus Supplement dated September 2, 2025. The use of a Third Supplemental Indenture (Sept 5, 2025) formalizes the new tranche under the existing subordinated base indenture.
This transaction is a standard debt-capital market execution: the 5.600% fixed rate and long-dated maturity indicate the company accessed long-term funding via subordinated debt, underwritten by BofA Securities and Morgan Stanley.
TL;DR: Subordinated notes increase long-term liabilities and rank below senior creditors.
Because these are subordinated notes, they sit behind senior debt in the capital structure, which is relevant to loss-absorption and regulatory capital assessment. The maturity of 2035 makes the instrument a long-duration obligation on the balance sheet.
The filing includes counsel opinion and trustee documentation (U.S. Bank Trust Company), ensuring legal enforceability of the indenture provisions disclosed in the filing.
First Citizens BancShares, Inc. ha eseguito un'emissione di debito subordinato ai sensi di una precedente dichiarazione di registrazione Form S-3 e un Prospectus Supplement datato 2 settembre 2025. L'azienda ha stipulato un Underwriting Agreement datato 2 settembre 2025 con BofA Securities, Inc. e Morgan Stanley & Co. LLC in qualità di rappresentanti degli underwriter per la vendita dei titoli. Un Third Supplemental Indenture datato 5 settembre 2025 integra l'Subordinated Base Indenture datata 4 marzo 2020, e l'offerta comprende una forma di 5,600% Fixed Rate Reset Subordinated Notes due 2035. Un parere legale e il consenso di Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP sono inclusi, e la filing è firmata da Craig L. Nix, Chief Financial Officer.
First Citizens BancShares, Inc. llevó a cabo una emisión de deuda subordinada conforme a una declaración de registro Form S-3 previamente presentada y un Prospectus Supplement fechado el 2 de septiembre de 2025. La empresa suscribió un Acuerdo de Suscripción fechado el 2 de septiembre de 2025 con BofA Securities, Inc. y Morgan Stanley & Co. LLC como representantes de los suscriptores para la venta de los valores. Un Third Supplemental Indenture fechado el 5 de septiembre de 2025 complementa la Subordinated Base Indenture fechada el 4 de marzo de 2020, y la oferta incluye una forma de Notas Subordinadas a Tasa Fija de 5,600% con Reajuste y vencimiento en 2035. Se incluye un dictamen legal y el consentimiento de Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP, y la presentación está firmada por Craig L. Nix, Chief Financial Officer.
First Citizens BancShares, Inc.는 이전에 제출된 Form S-3 등록서 및 2025년 9월 2일자 Prospectus Supplement에 따라 subordinated debt를 발행했습니다. 회사는 발행자들을 대표해 Underwriters로서 BofA Securities, Inc.와 Morgan Stanley & Co. LLC와 함께 발행인 계약(Underwriting Agreement) 2025년 9월 2일자를 체결하여 증권을 판매합니다. 2025년 9월 5일자 Third Supplemental Indenture가 2020년 3월 4일자 Subordinated Base Indenture를 보완하며, 본 발행은 2035년 만기 5.600% 고정 이자 재설정(Subordinated Notes)의 형태를 포함합니다. Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP의 법적 의견서와 동의서가 포함되며, 서류에 Craig L. Nix, Chief Financial Officer의 서명이 있습니다.
First Citizens BancShares, Inc. a procédé à une émission de dette subordinée en vertu d'une déclaration d'enregistrement Form S-3 préalablement déposée et d'un Prospectus Supplement daté du 2 septembre 2025. La société a conclu un Underwriting Agreement daté du 2 septembre 2025 avec BofA Securities, Inc. et Morgan Stanley & Co. LLC en qualité de porte-parole des souscripteurs pour la vente des valeurs. Un Third Supplemental Indenture daté du 5 septembre 2025 complète l'Subordinated Base Indenture datée du 4 mars 2020, et l'offre comprend une forme de Notes Subordonnées à Taux Fixe Révisable 5,600% arrivant à l'échéance en 2035. L'avis juridique et le consentement de Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP sont inclus, et le document est signé par Craig L. Nix, Chief Financial Officer.
First Citizens BancShares, Inc. führte eine Emission von nachrangigen Anleihen gemäß einer zuvor eingereichten Form S-3 Registrierungsstatement und einem Prospectus Supplement datiert zum 2. September 2025 durch. Das Unternehmen schloss eine Underwriting Agreement datiert zum 2. September 2025 mit BofA Securities, Inc. und Morgan Stanley & Co. LLC als Vertreter der Emittenten ab, um die Wertpapiere zu verkaufen. Ein Third Supplemental Indenture datiert zum 5. September 2025 ergänzt die Subordinated Base Indenture datiert zum 4. März 2020, und das Angebot umfasst eine Form von 5,600% Fixed Rate Reset Subordinated Notes fällig 2035. Rechtliche Stellungnahme und Zustimmung von Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP sind enthalten, und die Einreichung ist unterzeichnet von Craig L. Nix, Chief Financial Officer.