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First Citizens BancShares Inc. filings document the regulatory record for a bank holding company with Nasdaq-listed Class A common stock and multiple preferred stock or depositary-share securities. Form 8-K reports include quarterly results, financial supplements, Regulation FD presentation materials, senior note offerings, preferred-stock designations, security-holder rights modifications, and other material events.
Proxy and annual meeting filings describe board elections, executive compensation votes, auditor ratification, stockholder proposals, and governance procedures. The company’s capital-structure disclosures cover non-cumulative perpetual preferred stock series, depositary share terms, senior notes, registered securities, and related underwriting or indenture documents, alongside risk-management leadership and other governance updates.
First Citizens BancShares, Inc. issued and sold $500,000,000 aggregate principal amount of its 4.869% Fixed-to-Floating Rate Senior Notes due 2032 in a public offering under an effective shelf registration.
The notes were sold under an underwriting agreement dated February 25, 2026 with J.P. Morgan Securities LLC, BofA Securities, Inc., and Wells Fargo Securities, LLC as representatives of the underwriters, and were issued under a senior base indenture and a second supplemental indenture with U.S. Bank Trust Company, National Association as trustee. The report also files these transaction documents and related legal opinions as exhibits.
First Citizens BancShares, Inc. is offering $500,000,000 of 4.869% fixed-to-floating senior notes due March 3, 2032. The notes bear interest at 4.869% from the March 3, 2026 issue date through March 3, 2031, then reset to a floating rate equal to Compounded SOFR plus 1.487% (148.7 basis points).
The notes are unsecured, unsubordinated obligations of BancShares, not guaranteed by subsidiaries, and will be structurally subordinated to subsidiary liabilities. They will be issued in book-entry form, not listed, and expected to deliver on or about March 3, 2026. Estimated net proceeds are approximately $497,000,000, to be used for general corporate purposes including possible prepayment or redemption of long-term debt.
First Citizens BancShares is offering a series of fixed-to-floating rate senior notes, as described in a preliminary prospectus supplement dated February 25, 2026 (subject to completion). The notes will convert from a fixed rate to a floating rate tied to the Compounded SOFR Index Rate for the floating-rate period.
The notes will be unsecured and unsubordinated obligations of BancShares, will not be guaranteed by any subsidiary and therefore will be structurally subordinated to subsidiary liabilities. The offering document states proceeds will be used for general corporate purposes, which may include repayment or redemption of long-term debt. BancShares reported consolidated assets of $229.70 billion as of December 31, 2025, and aggregate subsidiary debt and other liabilities of $206.02 billion as of the same date.
First Citizens BancShares is a Delaware-based bank holding company for First-Citizens Bank & Trust Company, with total consolidated assets of $229.70 billion as of December 31, 2025. It operates more than 500 branches across over 20 states plus a nationwide Direct Bank.
The company serves consumer, commercial and wealth clients through four reportable areas: the General Bank, Commercial Bank, Rail, and Corporate. It continues to grow via acquisitions, including a pending purchase of 138 BMO Bank branches, where it expects to assume about $5.7 billion in deposits and $1.1 billion in loans, and the 2023 Silicon Valley Bridge Bank transaction.
BancShares is a Category IV institution under U.S. enhanced prudential standards, subject to Basel III capital rules, CCAR capital planning and extensive federal and state regulation. The 10-K outlines detailed competitive, regulatory, technology, operational, credit, market, liquidity, capital, compliance and ESG-related risks that could materially affect future performance.
Harris Associates L.P. and its general partner Harris Associates, Inc. filed an amended Schedule 13G/A reporting beneficial ownership of 928,944 shares of First Citizens BancShares, Inc. Class A common stock, representing 8.1% of the class as of 12/31/2025.
The firms report sole dispositive power over these shares and no voting power. They state the position is held in the ordinary course of business and not for the purpose of changing or influencing control of First Citizens BancShares.
First Citizens BancShares, Inc. created a new 6.625% Non-Cumulative Perpetual Preferred Stock, Series E, with a $1,000 per share liquidation preference, and related depositary shares, by filing a certificate of designation in Delaware.
The company agreed to sell, and has closed a public offering of, 16,000,000 depositary shares, each representing a 1/40th interest in a Series E preferred share. Dividends are fixed at 6.625% per year until March 15, 2031, then reset every five years at the five-year U.S. Treasury rate plus 2.830%. The preferred ranks on parity with existing preferred series, is senior to common stock, has limited voting rights, and is redeemable at the company’s option on or after March 15, 2031 or after a defined regulatory capital event.
First Citizens BancShares, Inc. is offering 16,000,000 depositary shares, each representing a 1/40th interest in its new Series E 6.625% non-cumulative perpetual preferred stock, at $25 per depositary share.
The offering totals $400 million, with proceeds before expenses of about $391.1 million and expected net proceeds of roughly $390 million, to be used for general corporate purposes. Dividends are fixed at 6.625% of the $1,000 liquidation preference per preferred share (equivalent to $25 per depositary share) until March 15, 2031, then reset every five years to the five-year U.S. Treasury rate plus 2.830%. The securities are perpetual, redeemable at the company’s option starting March 15, 2031 or following certain regulatory capital events, and are intended to qualify as additional Tier 1 capital.
The company reported unaudited net income of $580 million for the quarter ended December 31, 2025 and $2.206 billion for full-year 2025, on total assets of $229.7 billion. It also highlights a pending acquisition of 138 BMO Bank branches, where it expects to assume approximately $5.7 billion in deposits and acquire about $1.1 billion in loans, targeted to close in the second half of 2026, subject to customary approvals.
First Citizens BancShares plans to issue depositary shares, each representing a 1/40th interest in new non‑cumulative perpetual Series E preferred stock, with dividends fixed to March 15, 2031 and then resetting every five years off the five‑year U.S. Treasury rate plus a spread. The preferred is perpetual, ranks senior to common stock, and can be redeemed at the company’s option after March 15, 2031 or following certain regulatory capital events, subject to Federal Reserve approval.
The company intends to list the depositary shares on Nasdaq under the symbol FCNCN and use net proceeds for general corporate purposes. First Citizens reported unaudited net income of $580 million for the quarter ended December 31, 2025 and $2.206 billion for 2025, with total assets of $229.698 billion at year‑end. It also has an agreement to acquire 138 branches from BMO Bank N.A., expecting to assume about $5.7 billion of deposits and $1.1 billion of loans in a transaction anticipated to close in the second half of 2026.
First Citizens BancShares, Inc. reported that it has released its results of operations for the quarter ended December 31, 2025. The company furnished an earnings press release, an investor presentation, and a detailed financial supplement as Exhibits 99.1, 99.2, and 99.3 to this report, and also made them available on its investor relations website.
The company plans to discuss its fourth-quarter and full-year performance on a conference call scheduled for 9 a.m. Eastern time on January 23, 2026. The report also includes customary cautionary language about forward-looking statements, highlighting a wide range of economic, regulatory, competitive, geopolitical, and operational risks that could cause actual results to differ from current expectations.
First Citizens BancShares, Inc. reported that it has released its results of operations for the quarter ended December 31, 2025. The company furnished an earnings press release, an investor presentation, and a detailed financial supplement as Exhibits 99.1, 99.2, and 99.3 to this report, and also made them available on its investor relations website.
The company plans to discuss its fourth-quarter and full-year performance on a conference call scheduled for 9 a.m. Eastern time on January 23, 2026. The report also includes customary cautionary language about forward-looking statements, highlighting a wide range of economic, regulatory, competitive, geopolitical, and operational risks that could cause actual results to differ from current expectations.