FIRST CITIZENS BANCSHARES INC /DE/ SEC Filings

First Citizens BancShares, Inc. (symbol FCNCA) has a notice filed for a proposed sale of 1,500 shares of its Class A Common Stock. The shares are to be sold through First Citizens Investor Services, Inc., with trading on NASDAQ and an approximate sale date of August 17, 2026. The notice also lists a prior transaction involving 50,801 shares of Class A Common Stock described as a contribution to a foundation by the Robert P. Holding Estate, with related dates provided in the disclosure.

First Citizens BancShares, Inc. received an updated Schedule 13D filing from family members of the Holding/Bryant/Bristow/Brice group regarding Class A Common Stock. As of August 7, 2026, Frank B. Holding Jr., Hope H. Bryant, Olivia B. Holding, Claire H. Bristow and Carson H. Brice together may be considered to beneficially own 2,555,326 Class A shares, or approximately 24.89% of that class.

Individually, reported holdings include 5.69% for Frank B. Holding Jr., 3.40% for Hope H. Bryant, 8.93% for Olivia B. Holding, 5.00% for Claire H. Bristow and 2.89% for Carson H. Brice. The amendment primarily reflects increased ownership percentages caused by issuer share repurchases and additional acquisitions and dispositions since the prior amendment. Certain related entities hold a further 4.54% of Class A shares, over which the reporting persons disclaim voting and dispositive power.

The reporting persons and related entities may also be considered to beneficially own, in the aggregate, approximately 54.21% of Class B Common Stock and 0.80% of outstanding Series A Depositary Shares, with additional holdings in entities that hold about 2.70% of Class B and 2.89% of Series A Depositary Shares. Some Class A shares have been pledged to secure personal borrowings.

First Citizens BancShares, Inc. reported Q2 2026 net income of $672 million, above $575 million a year earlier, and $1,206 million for the first six months. Net interest income was $1,656 million for the quarter, slightly below 2025, while a $10 million credit-loss benefit and higher noninterest income of $776 million supported earnings.

Total assets reached $236,842 million, with loans and leases of $151,034 million and deposits of $173,427 million, both higher than year-end 2025. Stockholders’ equity was $21,900 million, reflecting Class A share repurchases and unrealized securities losses, partly offset by issuance of $390 million of Series E preferred stock.

Credit quality remained manageable: nonaccrual loans were $1,446 million and year-to-date net charge-offs $262 million, below the prior year. Management also highlighted a pending acquisition of 138 BMO Bank N.A. branches, expected in the third quarter of 2026, involving approximately $5.3 billion in deposits and $700 million in loans.

BlackRock, Inc. filed an amended ownership report for First Citizens BancShares, Inc. Class A Stock. BlackRock reports beneficial ownership of 494,453 shares, representing 4.7% of the Class A shares outstanding as of June 30, 2026. It holds 452,608 shares with sole voting power and all 494,453 shares with sole dispositive power, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no single client holds more than five percent of the outstanding common shares.

First Citizens BancShares reported higher second-quarter 2026 results, with net income of $672 million versus $534 million in the prior quarter. Net income available to common stockholders was $640 million, or $55.52 per share, and adjusted net income available to common stockholders was $659 million, or $57.09 per share. Net interest income rose to $1.66 billion, and net interest margin was 3.10%, or 3.01% excluding purchase accounting accretion.

Reported noninterest income was $776 million, or $586 million on an adjusted basis, driven by higher derivatives valuations, a $17 million gain on sale of tax credit investments and broader fee growth. Adjusted noninterest expense increased modestly to $1.35 billion, as higher marketing, technology and other costs were partly offset by lower personnel expense. Credit metrics remained stable, with a $10 million benefit for credit losses versus a $72 million provision in the linked quarter, net charge-offs of $108 million (0.29% of average loans) and nonaccrual loans of $1.45 billion (0.96% of loans). The allowance for loan and lease losses was $1.48 billion, or 0.98% of loans.

Loans and leases grew 1.6% during the quarter to $151.03 billion, led by Commercial Bank growth, while deposits rose 1.5% to $173.43 billion. Borrowings fell to $32.19 billion as the company prepaid another $2.5 billion of the FDIC Purchase Money Note, leaving $28.42 billion outstanding. Regulatory capital ratios stayed above requirements, including a CET1 ratio of 10.77%. During the quarter, the company repurchased 298,907 Class A shares for $600 million, bringing total repurchases since July 2024 to 3,141,855 shares for $6.19 billion, with $1.31 billion remaining under the 2025 Share Repurchase Plan. The pending acquisition of 138 BMO Bank N.A. branches is expected to add about $5.3 billion in deposits and $700 million in loans upon anticipated closing in the third quarter of 2026, and management provided ranges for key 3Q26 and full-year 2026 metrics.

First Citizens BancShares Inc. executive Michelle Draper, Chief Marketing Officer, reported that she does not beneficially own any of the company’s securities. A holding entry dated July 6, 2026 lists total shares beneficially owned after the report as 0.0000, held directly.

FIRST CITIZENS BANCSHARES INC (FCNCA) Chairman and CEO Frank B. Holding Jr., a more than ten percent owner, reported multiple open-market purchases of Class B Common stock. He bought a total of 137 Class B shares on June 5, 2026 at prices between $1,780 and $2,070 per share.

Following these transactions, his directly held Class B Common position is reported as 64,572 shares. The filing also lists significant indirect holdings in both Class A and Class B Common through spouse, grantor retained annuity trusts and custodial and trust accounts, including 115,000 Class A shares held by spouse as trustee for the Ruth P. Holding 2025 GRAT and 106,000 Class A shares held by the Frank B. Holding Jr. 2025 #2 GRAT. A footnote states that he disclaims beneficial ownership of these indirect positions.

FIRST CITIZENS BANCSHARES INC /DE/ chairman and CEO Frank B. Holding Jr., a more than 10% owner, reported a series of open-market purchases of Class B Common Stock on June 5, 2026. He bought a total of 335 Class B shares at reported prices ranging from about $1,860 to $1,998 per share across multiple small trades, bringing his directly held Class B position to 64,160 shares.

The Form 4 also updates indirect holdings in both Class A and Class B shares through spouse accounts, grantor retained annuity trusts, custodial accounts for family members, and a trust where he is a beneficiary. The filing notes that beneficial ownership of certain of these indirect holdings is disclaimed.

First Citizens BancShares Chairman and CEO Frank B. Holding Jr. reported a series of open-market purchases of Class B Common stock. On June 5, 2026 he bought 553 Class B shares across multiple trades at prices between about $1,743.80 and $1,853.92 per share, with several trades reported at weighted-average prices over narrow ranges. Following these transactions, he directly holds 64,100 Class B shares and 206,942 Class A shares, along with additional indirect holdings through spouse, GRATs, custodial accounts, and trusts for which he disclaims beneficial ownership.