Welcome to our dedicated page for First Ctzns Bancshares N C SEC filings (Ticker: FCNCA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
First Citizens BancShares, Inc. (NASDAQ: FCNCA) files a range of documents with the U.S. Securities and Exchange Commission that explain its capital structure, funding activities, governance decisions and significant corporate events. This SEC filings page aggregates those disclosures and pairs them with AI-powered summaries to help readers understand the key points in each report.
Investors can review current reports on Form 8-K that describe material events such as debt offerings, preferred stock issuances and branch acquisition agreements. For example, recent 8-K filings detail the issuance of fixed rate reset subordinated notes due 2035, the designation of a new series of non-cumulative perpetual preferred stock and related depositary shares, and an agreement for First-Citizens Bank & Trust Company to acquire 138 branches from BMO Bank N.A. Other 8-Ks highlight quarterly earnings announcements, share repurchase authorizations and changes in board composition or executive roles.
Alongside 8-Ks, users can access annual reports on Form 10-K and quarterly reports on Form 10-Q (when available) to see discussions of business segments, risk factors, capital management and regulatory matters. These periodic reports are central to understanding how First Citizens BancShares manages its commercial banking operations, preferred stock and subordinated debt, as well as its status as a top 20 U.S. financial institution and Fortune 500 member.
The platform also surfaces insider transaction filings on Form 4 and other ownership-related documents, enabling users to monitor equity transactions by directors and officers. AI-generated overviews highlight the most important elements of lengthy filings, helping readers navigate complex capital terms, redemption provisions, risk disclosures and transaction structures without reading every page in detail.
With real-time updates from EDGAR and concise AI explanations, this page serves as a focused entry point for analyzing FCNCA’s regulatory filings, capital actions and governance disclosures.
First Citizens BancShares, Inc. created a new 7.000% Non-Cumulative Perpetual Preferred Stock, Series D, and completed a public offering of 500,000 Depositary Shares, each representing a 1/100th interest in a Series D share with a $100,000 liquidation preference. The Series D Preferred Stock ranks on parity with the company’s existing preferred series and is senior to common stock for dividends and liquidation. Dividends are fixed at 7.000% per year until December 15, 2030, then reset every five years at the five-year U.S. Treasury rate plus 3.301%, and are payable quarterly when authorized and declared.
The preferred shares are perpetual with no mandatory redemption, but the company may redeem them on any dividend date on or after December 15, 2030, or within 90 days after a defined regulatory capital event, at $100,000 per preferred share (or $1,000 per Depositary Share) plus certain unpaid dividends, subject to Federal Reserve approval. Holders generally have no voting rights, but can elect two directors if dividends are omitted for periods totaling 18 months, and receive priority liquidation payments before common stock and other junior securities.
First Citizens BancShares (FCNCA) director Ellen R. Alemany reported buying 300 Depositary Shares of the company’s 7% Non-Cumulative Perpetual Preferred Stock, Series D on 11/13/2025 at a price of $1,000 per Depositary Share. Each Depositary Share represents a 1/100th interest in a share of this preferred series. Following this purchase, she holds these 300 Depositary Shares directly, along with 30,000 shares of Class C Preferred Stock held directly.
She also reports indirect holdings of Class A Common Stock through several family trusts and grantor retained annuity trusts, including 4,559 shares in a Family GST Exempt Trust, 4,350 shares in a Family Non-GST Exempt Trust, 2,295 shares in the Alemany March 2024 GRAT #1, 1,325 shares in the Alemany August 2024 GRAT #1, and 4,716 shares in the Alemany September 2025 GRAT #1.
First Citizens BancShares (FCNCA) launched a primary offering of depositary shares, each representing a 1/100th interest in a share of its non-cumulative perpetual Preferred Stock, Series D. Each preferred share carries a $100,000 liquidation preference (equivalent to $1,000 per depositary share).
Dividends are discretionary and non-cumulative, initially fixed to, but excluding, December 15, 2030, then reset every five years to the five-year Treasury rate plus a spread. The Series D may be redeemed at the company’s option on any dividend payment date on or after December 15, 2030, or within 90 days of a regulatory capital treatment event, in each case at $100,000 per preferred share (or $1,000 per depositary share) plus applicable authorized and declared dividends. The company does not intend to list the depositary shares.
Net proceeds are intended for general corporate purposes. As context, total consolidated assets were $233.49 billion as of September 30, 2025.
First Citizens BancShares reports lower profitability but continued balance sheet growth for the nine months ended September 30, 2025. Net income was $1.63 billion, down from $2.08 billion a year earlier, with quarterly net income of $568 million.
Total assets grew to $233.5 billion from $223.7 billion, driven by loan growth to $144.8 billion and a larger securities portfolio. Deposits increased to $163.2 billion, while long‑term borrowings rose to $38.3 billion, including new senior and subordinated note issuances and redemption of older subordinated debt.
Credit costs increased as the provision for credit losses reached $460 million year to date versus $276 million last year, and nonaccrual loans rose to $1.41 billion. The allowance for loan and lease losses stood at $1.65 billion. The company also continued share repurchases of Class A common stock and paid common and preferred dividends.
Strategically, its bank subsidiary agreed to acquire 138 BMO Bank branches, expecting to assume about $5.7 billion in deposits and $1.1 billion in loans, with closing anticipated in mid‑2026, subject to customary conditions and regulatory approvals. Management also terminated a prior shared‑loss agreement with the FDIC related to the Silicon Valley Bridge Bank acquisition, with no income statement or balance sheet impact disclosed.
First Citizens BancShares furnished its quarterly update, announcing results for the quarter ended September 30, 2025. The company provided an earnings press release and financial supplement as Exhibits 99.1 and 99.3, and an investor presentation as Exhibit 99.2.
The information under Items 2.02 and 7.01, including Exhibits 99.1, 99.2 and 99.3, is being furnished and not filed under the Exchange Act. BancShares will host a conference call at 9 a.m. Eastern on October 23, 2025, to discuss its third-quarter performance. Materials are available on the company’s investor relations site.
First Citizens BancShares (FCNCA) said its subsidiary, First-Citizens Bank & Trust Company, agreed to acquire 138 branches from BMO Bank N.A. across the Midwest, Great Plains and West.
As part of the deal, First Citizens Bank will assume approximately $5.7 billion in deposit liabilities and acquire approximately $1.1 billion in loans. The company expects closing in mid-2026, subject to customary closing terms and conditions and regulatory approvals.
The company also made available a press release and investor presentation with additional details. Management highlighted typical risks for this type of transaction, including regulatory approvals, integration execution, potential customer attrition and whether anticipated benefits and cost savings are realized.
Carson H. Brice, a director of First Citizens Bancshares, Inc. (FCNCA), reported a change in beneficial ownership on 09/26/2025. The filing shows a disposition of 125 Class A common shares coded as a gift (transaction code G) at a reported price of $0. After the transaction, the report lists multiple classes of shares held directly or indirectly by the reporting person and related trusts/fiduciary arrangements, including 236,188 Class A shares beneficially owned and various indirect holdings in Class A and Class B shares across trusts and custodial accounts. The filing includes disclaimers that the reporting person disclaims beneficial ownership for certain trust-held shares and states the reporting person does not serve as trustee or share investment control for those trust shares.
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 is offering subordinated notes described in this prospectus supplement. The Notes are unsecured and subordinated to all Senior Indebtedness and effectively subordinated to secured indebtedness to the extent of collateral value. Interest will reset from the Reset Date to maturity based on the Five-year U.S. Treasury Rate as of the Reset Determination Date plus stated basis points. As of June 30, 2025, the company and its subsidiaries had aggregate debt and other liabilities of approximately $206.79 billion, including $36.46 billion of secured indebtedness (which includes a $35.99 billion Purchase Money Note to the FDIC maturing March 27, 2028) and approximately $750 million of outstanding subordinated debt that will rank equally with the new Notes. The Subordinated Indenture does not limit incurrence of additional senior or pari passu indebtedness. Redemption of the Notes may require prior Federal Reserve approval where applicable. The prospectus discusses tax, DTC, paying agent and transfer agent procedures and specialized U.S. federal income tax considerations for non-U.S. holders.
Olivia B. Holding filed a Form 4 reporting indirect holdings of both Class A and Class B common stock of First Citizens BancShares, Inc. (FCNCA) and related depositary shares. The filing identifies the reporting person as a director and lists substantial indirect positions: 537,667 Class A shares held by the Olivia B. Holding Revocable Trust and 121,926 Class B shares held by the same trust, plus additional indirect holdings through multiple entities and trusts (including 192,063 Class A by Southern BancShares (N.C.), Inc., 174,469 Class A by YVC Holdings, Inc., and others). The report also lists depositary shares of the issuer's preferred stock held indirectly (22,000, 198,945, and 200,000 by named entities). The filer disclaims beneficial ownership of listed shares except to the extent of any pecuniary interest, and the form notes each depositary share represents a 1/40th interest in the issuer's 5.375% Non-Cumulative Perpetual Preferred Stock, Series A.