FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA) Company Report

First Citizens BancShares, Inc. closed a public offering of 16,000,000 Depositary Shares on February 5, 2026, each representing a 1/40th interest in 6.625% Non-Cumulative Perpetual Preferred Stock, Series E.
The offering generated $400,000,000 in total, with net proceeds to the company of $391,128,261.25 before expenses.
The Series E Preferred Stock has a liquidation preference of $1,000 per share (equivalent to $25 per depositary share).
Dividends on the Series E Preferred Stock are non-cumulative and will accrue at an initial rate of 6.625% per annum until March 15, 2031, payable quarterly.
The preferred stock does not have a maturity date and may be redeemed at the company's option on or after March 15, 2031, or following a Regulatory Capital Treatment Event.

1 day ago

8-K

Park National Corporation Reports 2025 Financial Results and Increases Quarterly Dividend

FCNCA

Earnings

Dividends

M&A

Park National Corporation reported net income of $42.6 million for the fourth quarter of 2025, an increase of 10.4% from the fourth quarter of 2024, and $180.1 million for the full year 2025, an 18.9% increase from the full year 2024.
Diluted earnings per common share were $2.63 for the fourth quarter of 2025 and $11.11 for the full year 2025.
The board of directors declared a quarterly cash dividend of $1.10 per common share, payable on March 10, 2026, to common shareholders of record as of February 20, 2026.
The company experienced a 3.0 percent increase in total loans and a 1.2 percent increase in total deposits during 2025.
Park National Corporation anticipates the closing of First Citizens Bancshares, Inc. on February 1, 2026.

Jan 26, 2026, 9:15 PM

Press Release

First Citizens Bank's Silicon Valley Bank Finances Float Financial

FCNCA

Debt Issuance

New Projects/Investments

Revenue Acceleration/Inflection

Float Financial has secured nearly 100 million CAD through two credit facilities from Silicon Valley Bank (SVB), a division of First Citizens Bank, and a Tier 1 Canadian bank.
This funding enables Float to offer up to 4% interest on business accounts and expand its Charge product, providing interest-free credit to eligible businesses, aiming to unlock over 1.5 billion dollars in annualized spending power for Canadian businesses.
Float's Business Account product, launched in September 2025, offers high-yield returns with client funds protected by CDIC insurance up to 100,000 CAD.
Float is recognized as the fastest-growing fintech in Canada, currently serving over 6,000 Canadian businesses.

Jan 26, 2026, 2:00 PM

Press Release

First Citizens Bank Division Provides Debt Facility to Float Financial

FCNCA

Debt Issuance

New Projects/Investments

Silicon Valley Bank, a division of First Citizens Bank, along with a tier-1 Canadian bank, provided nearly CAD$100 million in debt facilities to Float Financial.
This financing will enable Float Financial to expand its high-yield business accounts and scale its Charge working-capital product and large-limit corporate cards, aiming to unlock more than C$1.5 billion in annualized spending power.
The debt facilities represent non-dilutive capital for Float, which will be used to inject capital into the Canadian economy and expand access to credit.

Jan 26, 2026, 11:05 AM

Morningstar

First Citizens BancShares Reports Q4 2025 Earnings, Loan Growth, and Capital Return

FCNCA

Earnings

Share Buyback

M&A

First Citizens BancShares reported net income of $580 million and diluted earnings per common share of $45.81 for the fourth quarter of 2025.
The company achieved strong loan growth, with loans and leases increasing by $3.17 billion or 2.2% to $147.93 billion at December 31, 2025.
First Citizens BancShares returned $900 million of capital to stockholders through share repurchases and prepaid $2.5 billion of the Purchase Money Note during the quarter.
An agreement was announced to acquire 138 branches from BMO Bank N.A., which is expected to add approximately $5.7 billion in deposits and $1.1 billion in loans, with closing anticipated in the second half of 2026.
Deposits decreased by $1.61 billion or 1.0% to $161.58 billion at December 31, 2025, primarily due to declines in the Commercial Bank segment and Direct Bank deposits.

Jan 23, 2026, 11:33 AM

8-K

First Citizens BancShares Reports Fourth Quarter 2025 Earnings

FCNCA

Earnings

Share Buyback

M&A

First Citizens BancShares reported net income of $580 million and adjusted net income of $648 million for the fourth quarter of 2025.
The company returned $900 million to stockholders through share repurchases and prepaid $2.5 billion of the Purchase Money Note during Q4 2025.
First Citizens Bank agreed to acquire 138 branches from BMO Bank N.A., expecting to assume approximately $5.7 billion in deposits and acquire $1.1 billion in loans, with closing anticipated in the second half of 2026.
Loans and leases grew by $3.17 billion to $147.93 billion at December 31, 2025, while deposits decreased by $1.61 billion to $161.58 billion.
Provision for credit losses decreased significantly to $54 million in Q4 2025 from $191 million in the prior quarter, primarily due to lower net charge-offs and an $86 million reserve release.

Jan 23, 2026, 11:30 AM

Press Release

First Citizens Bank participates in Pivot Energy's $225 million financing

FCNCA

Debt Issuance

New Projects/Investments

Pivot Energy secured $225 million in new financing agreements as of December 17, 2025.
This financing includes a $170 million upsize to an existing construction warehouse facility with ATLAS SP and First Citizens Bank, supporting approximately 60 community solar projects totaling 225 Megawatts.
First Citizens Bank also provided a $40 million equipment facility to Pivot Energy for the purchase of domestically made solar panels.
These new agreements bring Pivot Energy's total financing in 2025 to $435 million.

Dec 17, 2025, 11:00 AM

Press Release

First Citizens BancShares Establishes and Offers New Series D Preferred Stock

FCNCA

Dividends

First Citizens BancShares, Inc. has established a new series of preferred stock, the 7.000% Non-Cumulative Perpetual Preferred Stock, Series D, with a liquidation preference of $100,000 per share (equivalent to $1,000 per depositary share).
The company is offering 500,000 depositary shares, each representing a 1/100th interest in a Series D Preferred Stock share, with anticipated net proceeds of $495,000,000 before expenses.
Dividends will accrue at a 7.000% per annum rate on a non-cumulative basis from the issue date until December 15, 2030. Thereafter, the rate will reset to the five-year treasury rate plus 3.301% for each reset period, payable quarterly starting March 15, 2026.
The Series D Preferred Stock has no maturity date and can be optionally redeemed by the company, in whole or in part, on any dividend payment date on or after December 15, 2030, or in whole following a regulatory capital treatment event.

Nov 18, 2025, 9:09 PM

8-K

First Citizens Bank to Acquire 138 BMO U.S. Branches

FCNCA

M&A

New Projects/Investments

First Citizens Bank & Trust Company has agreed to acquire 138 U.S. branches from BMO Financial Group, which includes approximately $5.7 billion in deposits and $1.1 billion in loans.
This acquisition is expected to enhance First Citizens' liquidity by about $4.6 billion and improve its funding base with low-cost deposits averaging 1.43%.
The transaction is projected to be immediately accretive to earnings per share for First Citizens and is anticipated to close by mid-2026, pending regulatory approvals.
The deal is expected to have a Common Equity Tier 1 (CET1) capital impact of approximately 27 basis points for First Citizens, but it is not anticipated to affect the company's ongoing share repurchase plan.

Oct 16, 2025, 11:41 AM

Bloomberg

First Citizens BancShares to acquire 138 BMO Bank branches

FCNCA

M&A

New Projects/Investments

First Citizens Bank, a wholly owned subsidiary of First Citizens BancShares, Inc., announced on October 16, 2025, an agreement to acquire 138 branches from BMO Bank N.A..
This acquisition involves assuming approximately $5.7 billion in deposit liabilities and acquiring approximately $1.1 billion in loans, along with $1.0 billion in wealth assets under management.
The transaction is expected to provide $4.6 billion in net liquidity and is projected to be immediately accretive to EPS.
The closing is anticipated in mid-2026, subject to customary closing terms and regulatory approvals.

Oct 16, 2025, 10:36 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for FIRST CITIZENS BANCSHARES INC /DE/.

Q4 2025

Jan 23, 2026

→

Q3 2025

Oct 23, 2025

→

View All Transcripts

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Frank B. Holding, Jr. say about margins?What are FIRST CITIZENS BANCSHARES INC /DE/'s strategic priorities?How is FIRST CITIZENS BANCSHARES INC /DE/ positioned vs competitors?How did FIRST CITIZENS BANCSHARES INC /DE/ do last quarter?

FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)

Analyst Earnings Quarterly Reports

Q3 2025

Q2 2025

Q1 2025

Q4 2024

Executives

Frank B. Holding, Jr.

Andrew Giangrave

Craig L. Nix

Gregory L. Smith

Hope H. Bryant

Jeffery L. Ward

Lorie K. Rupp

Matthew G.T. Martin

Peter M. Bristow

West L. Ludwig

Board Members

David G. Leitch

Diane Morais

Dr. Eugene Flood, Jr.

Ellen R. Alemany

R. Mattox Snow III

Robert E. Mason IV

Robert R. Hoppe

Robert T. Newcomb

Victor E. Bell III

Analyst Coverage

Christopher Marinac

Anthony Elian

Christopher McGratty

Nicholas Holowko

Benjamin Gerlinger

Bernard Von Gizycki

Brian Foran

Casey Haire

David Long

Ryan Nash

Samuel Varga

Steven Alexopoulos

Latest news

Earnings Transcripts

Q4 2025

Q3 2025

Ask Fintool AI Agent