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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 (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 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.
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.
First Citizens BancShares insider reporting person Hope H. Bryant reported an open-market purchase of 409 shares of Class B Common Stock at $1,630 per share on August 7, 2025. The transaction was made indirectly through Twin States Farming, Inc., an entity associated with her.
Following this trade, Twin States Farming, Inc. held 1,764 Class B shares. The filing also lists substantial direct and indirect holdings of Class A Common Stock and Depositary Shares through multiple trusts and affiliated companies, with footnotes stating that Bryant disclaims beneficial ownership beyond any pecuniary interest.
Frank B. Holding Jr., identified as Chairman and CEO, a director and a 10% owner, filed a Form 4 reporting transactions linked to First Citizens BancShares Inc. (FCNCA). The filing records transactions dated 08/07/2025 showing purchases of Class B Common shares reported as: 150, 150, and 300 shares with indicated prices of $1,700, $1,700, and $1,697.50 respectively, each entry tied to trusts or GRATs named in the form.
The form also shows a reported disposition of 202,477 Class A Common shares (marked D) and lists multiple existing beneficial ownership and indirect holdings across Class A and Class B shares, including 106,000 and 115,000 Class A shares held in identified 2025 GRATs and indirect holdings by spouse and custodial accounts. The filing is signed by an attorney-in-fact on 08/11/2025.