First Citizens BancShares, Inc.'s Stock Analysis

First Citizens BancShares Annual Meeting Voting Results Summary

First Citizens BancShares held its 2026 Annual Stockholder’s Meeting on May 4, 2026, where stockholders voted on several key proposals. The proposals included the election of 12 directors for one-year terms, a non-binding advisory resolution on executive compensation, and the ratification of KPMG LLP as independent public accountants for 2026. All three proposals were approved by the stockholders.

Additionally, stockholders voted on a proposal requesting a report on faith-based employee resource groups, which was not approved. The outcomes of these votes may have implications for the company's governance and executive compensation practices, which could influence investor sentiment.

May 07, 2026 09:18:14

First Citizens BancShares Reports Q1 2026 Financial Results

First Citizens BancShares, Inc. announced its financial results for the first quarter of 2026, reporting a net income of $534 million, down from $580 million in the previous quarter. The company experienced a decrease in net interest income, which totaled $1.62 billion, and a net interest margin of 3.09%. Total loans and leases increased to $148.69 billion, while total deposits rose to $170.84 billion, reflecting a 5.7% increase since the end of 2025. The company also repurchased $900 million worth of its shares during the quarter and maintained a strong liquidity position with liquid assets of $60.72 billion.

The provision for credit losses was $72 million, with net charge-offs decreasing to $111 million. Nonaccrual loans increased to $1.43 billion, representing 0.96% of total loans. Capital ratios remained robust, exceeding regulatory requirements, with an estimated total risk-based capital ratio of 13.51%. First Citizens BancShares will hold a conference call to discuss these results further, providing investors with insights into its performance and strategic direction.

Apr 23, 2026 06:55:38

First Citizens BancShares Issues $500 Million in Senior Notes

On March 3, 2026, First Citizens BancShares, Inc. issued $500 million in 4.869% Fixed-to-Floating Rate Senior Notes due 2032. The offering was conducted under a registration statement filed with the SEC and was supported by an underwriting agreement with major financial institutions including J.P. Morgan, BofA Securities, and Wells Fargo.

The Notes were issued in accordance with a senior base indenture and a second supplemental indenture. The filing also includes various exhibits that provide additional details about the Notes and the agreements related to their issuance, which are incorporated by reference into the registration statement.

Mar 03, 2026 16:30:46

First Citizens BancShares Issues New Series E Preferred Stock

First Citizens BancShares, Inc. has established a new series of preferred stock, named the 6.625% Non-Cumulative Perpetual Preferred Stock, Series E, which has a par value of $0.01 per share and a liquidation preference of $1,000 per share. The company will sell 16,000,000 depositary shares, each representing a 1/40th ownership interest in the Series E Preferred Stock, under an underwriting agreement with major financial institutions. Dividends on the Series E Preferred Stock will be paid quarterly, starting June 15, 2026, and will accrue at a rate of 6.625% per annum until March 15, 2031, after which the rate will adjust based on the five-year treasury rate plus an additional percentage. The Series E Preferred Stock will rank equally with certain existing preferred stocks regarding dividends and liquidation rights, while being senior to common stock and other junior securities.

The Series E Preferred Stock does not have a maturity date and can be redeemed by the company under specific conditions. Holders of this stock will not have voting rights except in certain circumstances, such as when dividends are not paid for an extended period. Upon liquidation, holders will receive $1,000 per share plus any unpaid dividends before any distributions to common stockholders. The offering of the depositary shares and the preferred stock has been registered under federal securities regulations, and the company has filed necessary documents to comply with regulatory requirements.

Feb 05, 2026 16:13:11

First Citizens BancShares Reports Fourth Quarter 2025 Financial Results

First Citizens BancShares, Inc. reported a net income of $580 million for the fourth quarter of 2025, reflecting an increase from the previous quarter's $568 million. The earnings per common share rose to $45.81 from $43.08 in the linked quarter. The company achieved strong loan growth, particularly in Global Fund Banking, and returned $900 million to shareholders through share repurchases. The capital and liquidity positions remain robust, with total risk-based capital ratios well above regulatory requirements.

The company announced a planned acquisition of 138 branches from BMO Bank N.A., which is expected to close in the second half of 2026, involving $5.7 billion in deposits and $1.1 billion in loans. However, total deposits decreased by 1% to $161.58 billion, influenced by seasonal outflows and shifts to off-balance sheet client funds. Noninterest income increased to $715 million, while noninterest expenses rose to $1.57 billion, attributed to higher personnel costs and technology-related projects. The provision for credit losses decreased significantly to $54 million, indicating improved credit quality.

Jan 23, 2026 06:33:49

First Citizens BancShares Announces Executive Transition in Risk Management

Lorie K. Rupp, Chief Risk Officer of First Citizens BancShares, has announced her retirement effective June 1, 2026, after a 13-year tenure at the bank. Tom Eklund, currently serving as Treasurer and a veteran of 20 years at First Citizens, is set to succeed her. This transition aims to ensure continuity in the company’s risk management framework, which has been crucial during a period of significant growth for the bank.

Rupp has played a vital role in enhancing the company’s risk management practices since becoming Chief Risk Officer in 2017. Eklund will oversee financial, credit, enterprise, operational, and compliance risk as part of his new role. The management believes Eklund's extensive experience in capital and liquidity risk management will support the bank's strategic objectives and maintain its commitment to robust risk governance.

Jan 14, 2026 16:54:00

First Citizens BancShares Issues New Series D Preferred Stock

First Citizens BancShares, Inc. has established a new series of preferred stock, known as the '7.000% Non-Cumulative Perpetual Preferred Stock, Series D'. This stock has a par value of $0.01 per share and a liquidation preference of $100,000 per share. The company will sell 500,000 depositary shares, each representing a 1/100th ownership interest in the Series D Preferred Stock. Dividends on this stock will be paid quarterly, starting March 15, 2026, at a rate of 7.000% until December 15, 2030, after which the rate will adjust based on the five-year treasury rate plus a spread of 3.301%. The Series D Preferred Stock ranks equally with certain existing preferred stocks and is senior to common stock in terms of dividends and liquidation rights.

The Series D Preferred Stock does not have a maturity date, and the company is not obligated to redeem it. However, it can be redeemed at the company's discretion starting December 15, 2030, or within 90 days following a Regulatory Capital Treatment Event. Holders of the Series D Preferred Stock will have limited voting rights and can elect two directors if dividends are not paid in full for 18 months. In case of liquidation, holders will receive the liquidation preference amount plus any unpaid dividends before any distributions to common stockholders. The terms of this preferred stock are detailed in a Certificate of Designation filed with the state of Delaware.

Nov 18, 2025 16:09:19

First Citizens BancShares Reports Third Quarter 2025 Financial Results

First Citizens BancShares, Inc. reported net income of $568 million for the third quarter of 2025, slightly down from $575 million in the previous quarter. The bank's net interest income increased to $1.73 billion, driven by growth in loan balances, while noninterest income also saw a rise to $699 million. The company maintained a stable net interest margin of 3.26% and experienced a 2.5% increase in loans, totaling $144.76 billion. Deposits also grew by 2.0% to $163.19 billion, reflecting strong performance in various segments.

The bank announced plans to acquire 138 branches from BMO Bank, which will add approximately $5.7 billion in deposit liabilities and $1.1 billion in loans. Capital ratios remained robust, with total risk-based capital at 14.05%, and the company returned $900 million to shareholders through share repurchases during the quarter. The provision for credit losses increased to $191 million, primarily due to higher net charge-offs, while the allowance for loan and lease losses decreased slightly to $1.65 billion, indicating a mixed outlook on credit quality.

Oct 23, 2025 06:32:28

First Citizens BancShares Announces Acquisition of BMO Branches

First Citizens Bank has entered into an agreement to acquire 138 branches from BMO Bank N.A., located across the Midwest, Great Plains, and West regions of the United States. This acquisition involves approximately $5.7 billion in deposit liabilities and $1.1 billion in loans, with the transaction expected to close in mid-2026, pending regulatory approvals and customary closing conditions. The move is part of First Citizens' strategy to expand its presence in new markets and enhance its liquidity position.

The acquisition is projected to provide First Citizens Bank with approximately $4.6 billion in net liquidity, improving its funding base and financial flexibility. The deal is expected to be immediately accretive to earnings per share and aims to strengthen the company's balance sheet by optimizing its loan-to-deposit ratio. The transaction also highlights First Citizens' commitment to maintaining a solid deposit base and high-quality loan portfolio while continuing its national expansion efforts.

Oct 16, 2025 06:36:47

First Citizens BancShares Issues $600 Million in Subordinated Notes

First Citizens BancShares, Inc. has successfully issued and sold $600 million in 5.600% Fixed Rate Reset Subordinated Notes due in 2035. This public offering was conducted under a registration statement filed with the SEC and was executed through an underwriting agreement with BofA Securities, Inc. and Morgan Stanley & Co. LLC as underwriters.

The Notes were issued in accordance with a subordinated base indenture established in March 2020, supplemented by a third supplemental indenture dated September 5, 2025. This report includes the necessary documents related to the offering, which are incorporated by reference into the registration statement.

Sep 05, 2025 17:08:53