FIRST CITIZENS BANCSHARES INC (FCNCA) insider Olivia Britton Holding, a ten percent owner, reported selling 7,000 Depositary Shares indirectly through Holding Properties, LLC on September 15, 2026, in open-market or private transactions at prices between $19.50 and $19.60 per Depositary Share.
Each Depositary Share represents a 1/40th interest in the company’s 5.375% Non-Cumulative Perpetual Preferred Stock, Series A. The reporting person disclaims beneficial ownership of entity-held shares except to the extent of any pecuniary interest, and no Rule 10b5-1 trading plan is reported.
FIRST CITIZENS BANCSHARES INC (FCNCA) received a notice that affiliate Holding Properties, LLC plans to sell 22,000 Series A Depositary Shares of the company under Rule 144. The planned sale, through First Citizens Investor Services, Inc. on NASDAQ, is dated September 15, 2026.
FIRST CITIZENS BANCSHARES INC (FCNCA) created a new class of preferred stock by filing a certificate of designation for its 7.500% Non-Cumulative Perpetual Preferred Stock, Series F, with a liquidation preference of $100,000 per share, and authorized related depositary shares.
The company agreed to sell 300,000 depositary shares, each representing a 1/100th interest in a Series F share, and closed this public offering on September 14, 2026 under an effective shelf registration. Dividends are non-cumulative, fixed at 7.500% per year until September 15, 2031, then reset every five years at the five-year U.S. Treasury rate plus 2.894%.
The Series F Preferred Stock ranks on parity with the company’s existing preferred series and senior to common stock, has no maturity date, and is redeemable at the issuer’s option on or after September 15, 2031 or within 90 days of a defined Regulatory Capital Treatment Event, generally at $100,000 per share (or $1,000 per depositary share) plus specified dividends.
First Citizens BancShares, Inc. (FCNCA) is issuing 300,000 depositary shares, each representing a 1/100th interest in a share of its 7.500% Non-Cumulative Perpetual Preferred Stock, Series F, at $1,000 per depositary share for total gross proceeds of $300 million. Each depositary share reflects a $1,000 liquidation preference and pays non-cumulative quarterly dividends at 7.500% per annum through September 15, 2031, then resets every five years to the five-year treasury rate plus 2.894%. The preferred stock is perpetual, redeemable at the company’s option on or after September 15, 2031 or upon a regulatory capital treatment event at $1,000 per depositary share plus authorized and declared unpaid dividends. The depositary shares will not be listed on any securities exchange, and carry only limited voting rights. Net proceeds of approximately $296 million are expected to be used for general corporate purposes, modestly increasing cash and regulatory capital.
First Citizens BancShares, Inc. (FCNCA) is offering depositary shares, each representing a 1/100th interest in a share of its new Series F Non-Cumulative Perpetual Preferred Stock, with a liquidation preference of $100,000 per preferred share (equivalent to $1,000 per depositary share). Dividends are non-cumulative, payable quarterly when, as and if authorized and declared, at a fixed rate to but excluding September 15, 2031, and thereafter reset every five years at the five-year U.S. Treasury rate plus a stated spread. The Series F Preferred Stock is perpetual, ranks senior to common stock and junior securities, on parity with existing preferred series, and may be redeemed at the issuer’s option on any dividend payment date on or after September 15, 2031, or within 90 days following a regulatory capital treatment event, at liquidation value plus applicable dividends. The depositary shares will not be listed on any securities exchange, and FCNCA expects to use net proceeds for general corporate purposes.
First Citizens BancShares, Inc. (FCNCA) announced that its wholly owned subsidiary, First-Citizens Bank & Trust Company, has completed the previously announced acquisition of 138 branches from BMO Bank N.A., effective September 4, 2026. The branches are located across the Midwest, Great Plains and West regions of the U.S.
As part of the transaction, First Citizens Bank assumed approximately $5 billion in deposits and $650 million in loans. The bank now operates more than 600 branches and offices nationwide and is described as a top 20 U.S. bank with more than $225 billion in assets$1 million in community initiatives across its expanded markets during 2026 and 2027.
FIRST CITIZENS BANCSHARES INC (FCNCA) director Diane E. Morais reported open-market purchases of the company’s Class A Common stock. On 2026-08-19 she bought 46 shares at $2,168.1319 per share and 4 shares at $2,167.8049 per share, all held as direct, non-derivative ownership.
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.