First Citizens BancShares
Raleigh, North Carolina, United States · Banking, Finance, Financial Services
First Citizens BancShares, Inc. is a financial institution engaged primarily in the banking sector, providing a wide range of banking services, including commercial and retail banking, mortgage financing, and wealth management. The company operates through various branches and offices predominantly in the southeastern United States, aiming to serve both individual and business customers. Its key p
Key facts
- Headquarters
- Raleigh, North Carolina, United States
- Employees
- 18,008
- Industries
- Banking, Finance, Financial Services
- Status
- Public (FCNCA)
- Website
- firstcitizens.com
- Company page
Recent activity at First Citizens BancShares
- : SEC 8-K (8.01): On October 23, 2026, BancShares authorized a share repurchase program enabling the repurchase of its Class A common stock up to an aggregate amount of $1.2 billion in 2027. The program allows purchases on the open market or through privately negotiated transactions, including a Rule 10b5-1 plan, though there is no obligation to repurchase a specific number of shares. The timing and amount of repurchase will depend on various factors including market conditions and capital needs, which highlights BancShares' strategic intent to manage shareholder value while retaining flexibility in capital allocation.
- : First Citizens BancShares launched First Citizens Innovation Banking and First Citizens Fund Banking to serve high-growth companies in technology, life science, and healthcare.
- : SEC 8-K (8.01): On September 14, 2026, First Citizens BancShares, Inc. closed the public offering of 300,000 Depositary Shares as part of an Underwriting Agreement. This transaction involved the registration of the Depositary Shares and Series F Preferred Stock under the Securities Act of 1933. Significant documents related to this offering, including the Underwriting Agreement and the Deposit Agreement dated September 14, 2026, have been filed with this report. The offering represents a key step in the company's capital strategy, enhancing liquidity and investor participation in its preferred stock offerings.
- : SEC 8-K (8.01): On September 8, 2026, First Citizens BancShares, Inc. reported significant updates regarding the issuance of their Series A, C, and E Preferred Stocks. This follows their ongoing strategy to manage capital structure effectively in the current market conditions. The detailed nature of the issuance potentially affects the competitiveness of their equity offerings and aims to bolster their liquidity. The strategic implications of these capital management activities are crucial for their stakeholder engagements and may improve investor confidence despite fluctuating market dynamics.
- : SEC 8-K (7.01): BancShares has announced a Regulation FD Disclosure regarding an upcoming conference call scheduled for July 23, 2026, at 9 a.m. Eastern time. During this call, the company will discuss its financial results for the quarter ended June 30, 2026. The related presentations and materials are attached as Exhibits 99.1, 99.2, and 99.3, which include the earnings release and investor presentation. This event is crucial for shareholders and analysts to understand the company's performance trends and strategies moving forward, particularly in a fluctuating economic environment. The information conveyed will not be considered 'filed' under the Securities Exchange Act, emphasizing its informative nature rather than a formal disclosure with liability implications.
- : SEC 8-K (7.01): BancShares has announced a conference call scheduled for April 23, 2026, at 9 a.m. Eastern time, to discuss its financial results for the quarter ending March 31, 2026. The conference will include slides and other materials, which are presented as Exhibits 99.1, 99.2, and 99.3. This engagement aims to provide investors with detailed insights into the company's earnings and operational performance, aligning with regulatory requirements under Regulation FD to ensure transparent communication with shareholders. The filing also includes forward-looking statements about the company's strategic goals and potential risks affecting future performance.
- : SEC 8-K (8.01): On March 3, 2026, First Citizens BancShares, Inc. issued and sold $500,000,000 aggregate principal amount of 4.869% Fixed-to-Floating Rate Senior Notes due 2032 through a public offering. This sale was conducted under the terms of an underwriting agreement dated February 25, 2026, with J.P. Morgan Securities LLC, BofA Securities, Inc., and Wells Fargo Securities, LLC serving as underwriters. The notes were issued pursuant to a second supplemental indenture finalized on the same day, indicating an active strategic financing move by the Company. This issuance will strengthen the Company’s capital structure, providing funds for its operational and growth initiatives.
- : SEC 8-K (8.01): On March 3, 2026, First Citizens BancShares, Inc. issued and sold $500,000,000 aggregate principal amount of its 4.869% Fixed-to-Floating Rate Senior Notes due 2032 in a public offering. This issuance is part of the company's strategy to raise capital through debt financing, which may be utilized for general corporate purposes, including potential acquisitions or refinancing of existing debt. The notes will provide a fixed rate for a specified period before transitioning to a floating rate, representing a strategic adjustment in the company’s capital structure. The offering enhances the company’s liquidity and aligns with its financial strategy in a dynamic interest rate environment.
- : SEC 8-K (8.01): On February 5, 2026, the Company closed the public offering of 16,000,000 Depositary Shares pursuant to an Underwriting Agreement. This event is significant as it involves raising capital through the issuance of Series E Preferred Stock, which has been registered under the Securities Act of 1933. The transaction includes important documents such as the Underwriting Agreement and the Deposit Agreement dated February 5, 2026. The primary financial impact involves the influx of capital from this offering, enabling the Company to potentially fund growth or other strategic initiatives.
- : SEC 8-K (7.01):
Leadership
- Tom Eklund, Chief Risk Officer
- Mike Spencer, Managing Director
- Michelle Draper, Chief Marketing Officer
- James Bennett, Executive Director
- Jim Hudak, Vice President of Product
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First Citizens BancShares in the news
- First Citizens Bank Purchases Office Buildings in San Diego - First Citizens Newsroom (Jul 30, 2026)
- First Citizens BancShares Reports First Quarter 2026 Earnings - First Citizens Newsroom (Apr 23, 2026)
- First Citizens Bank Continues National Expansion, Agrees to Acquire Select Branches from BMO Bank N.A. - First Citizens Newsroom (Oct 16, 2025)
- First Citizens Bank and Sixth Street Announce Launch of Sixty-First Commercial Finance to Provide Flexible Capital Equipment Financing Solutions to Middle Market Companies - First Citizens Newsroom (Feb 05, 2025)
- First Citizens Bank Enters into Whole Bank Purchase of Silicon Valley Bridge Bank, N.A. - First Citizens Newsroom (Mar 27, 2023)
- First Citizens Wealth Expands California Bay Area Team, Appoints Lee Erby Region Head - First Citizens Newsroom (Nov 12, 2025)
- First Citizens BancShares, Inc. Announces Date of Second Quarter 2026 Earnings Call - Yahoo Finance (Jun 30, 2026)
- Affluent Americans Confident in Their Money Management Skills but Underprepared to Transfer Wealth to Heirs, First Citizens Wealth Study Finds - Jun 17, 2024 - First Citizens Newsroom (Jun 17, 2024)
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About First Citizens BancShares: questions and answers
What does First Citizens BancShares do?
First Citizens BancShares, Inc. is a financial institution engaged primarily in the banking sector, providing a wide range of banking services, including commercial and retail banking, mortgage financing, and wealth management. The company operates through various branches and offices predominantly in the southeastern United States, aiming to serve both individual and business customers. Its key p
Where is First Citizens BancShares headquartered?
First Citizens BancShares is headquartered in Raleigh, North Carolina, United States.
How many employees does First Citizens BancShares have?
First Citizens BancShares has about 18,008 employees.
Who leads First Citizens BancShares?
Jim Hudak is a Vice President of Product at First Citizens BancShares.
What is the latest news on First Citizens BancShares?
On Oct 23, 2026, SEC 8-K (8.01): On October 23, 2026, BancShares authorized a share repurchase program enabling the repurchase of its Class A common stock up to an aggregate amount of $1.2 billion in 2027. The program allows purchases on the open market or through privately negotiated transactions, including a Rule
Is First Citizens BancShares a public company?
Yes. First Citizens BancShares is publicly traded under the ticker FCNCA.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy