Harris Associates reveals 8.1% FCNCA stake in First Citizens BancShares (FCNCA)

Rhea-AI Filing Summary

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.

Insights

Equity ownership & disclosure analyst

Harris Associates discloses an 8.1% passive stake in First Citizens BancShares.

Harris Associates L.P. and its general partner report beneficial ownership of 928,944 Class A common shares of First Citizens BancShares, equal to 8.1% of the class as of 12/31/2025. They hold sole dispositive power but no voting power over these shares.

The filing characterizes the stake as held in the ordinary course of business and explicitly states it is not for the purpose of changing or influencing control. This language aligns with a passive institutional investment, rather than an activist position, based on the disclosure provided.

The amended Schedule 13G/A updates market participants on a significant institutional holder above the 5% threshold. Future ownership disclosures in similar filings will show whether this percentage increases or decreases from the reported 8.1% level.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

First Citizens BancShares, Inc.

(Name of Issuer)

Class A Common Stock, par value $1.00

(Title of Class of Securities)

31946M1036

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 31946M1036

1

Names of Reporting Persons

HARRIS ASSOCIATES L P

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 928,944.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

928,944.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 31946M1036

1

Names of Reporting Persons

Harris Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 928,944.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

928,944.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.1 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: First Citizens BancShares, Inc.
(b)	Address of issuer's principal executive offices: 4300 Six Forks Road, Raleigh, NC, 27609.
Item 2.
(a)	Name of person filing: Harris Associates L.P. ("Harris") Harris Associates, Inc. ("General Partner") **Harris Associates, Inc., for itself and as General Partner
(b)	Address or principal business office or, if none, residence: 111 South Wacker Drive Suite 4600, Chicago, IL 60606
(c)	Citizenship: See Item 4 on the cover page(s) hereto.
(d)	Title of class of securities: Class A Common Stock, par value $1.00
(e)	CUSIP No.: 31946M1036
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: By reason of advisory and other relationships with the person who owns the Shares, Harris may be deemed to be the beneficial owner of the shares specified in Item 9 on the cover page(s) hereto. Harris has been granted the power to vote Shares in circumstances it determines to be appropriate in connection with assisting its advised clients to whom it renders financial advice in the ordinary course of business, by either providing information or advice to the persons having such power, or by exercising the power to vote.
(b)	Percent of class: See Item 11 on the cover page(s) hereto.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 on the cover page(s) hereto.
	(ii) Shared power to vote or to direct the vote: See Item 6 on the cover page(s) hereto.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 on the cover page(s) hereto.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 on the cover page(s) hereto.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

HARRIS ASSOCIATES L P

Signature:	Joseph J. Allessie
Name/Title:	Joseph J. Allessie, General Counsel and Secretary
Date:	02/17/2026

Harris Associates, Inc.

Signature:	Joseph J. Allessie
Name/Title:	Joseph J. Allessie, General Counsel and Secretary
Date:	02/17/2026

FAQ

What stake does Harris Associates report in First Citizens BancShares (FCNCA)?

Harris Associates reports beneficial ownership of 928,944 shares of First Citizens BancShares Class A common stock, representing 8.1% of the class as of 12/31/2025. This makes Harris a significant institutional holder under SEC 5% ownership rules.

Is Harris Associates taking an activist position in First Citizens BancShares (FCNCA)?

The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. This language indicates a passive investment stance under Schedule 13G rules, rather than an activist campaign.

What kind of control does Harris Associates have over its FCNCA shares?

Harris Associates reports sole dispositive power over 928,944 shares but no sole or shared voting power. This means it can decide when to sell or hold shares, while voting decisions are not exercised by Harris under this disclosure.

Which securities of First Citizens BancShares does this Schedule 13G/A cover?

The disclosure covers Class A Common Stock, par value $1.00, of First Citizens BancShares, Inc. identified by CUSIP 31946M1036. Harris Associates reports beneficial ownership and dispositive power specifically over this class of equity securities.

Who signed the Schedule 13G/A for Harris Associates regarding FCNCA?

The statement was signed by Joseph J. Allessie, General Counsel and Secretary, on 02/17/2026. His signature certifies, after reasonable inquiry, that the information in the ownership report is true, complete, and correct to the best of his knowledge.