Every material Form 8-K FIRST CITIZENS BANCSHARES INC /DE/ has filed with the SEC since September 08, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
First Citizens BancShares reported third-quarter 2026 net income of $606 million, down from $672 million in the second quarter, and earnings per common share of $51.23 versus $55.52. The Board also authorized a share repurchase program of up to $1.2 billion of Class A common stock during 2027, though the company is not obligated to buy any minimum amount.
Net income available to common stockholders was $577 million, or $51.23 per share, down $63 million from $640 million, or $55.52 per share, in the second quarter.
Adjusted earnings per common share were $55.37, compared with $57.09 in the second quarter.
Net interest income rose $43 million to $1.70 billion, while noninterest income fell $42 million to $734 million.
The new 2027 repurchase plan authorizes up to $1.2 billion; the company repurchased $600 million of Class A shares in the third quarter.
First Citizens BancShares closed a public offering of 300,000 depositary shares, each a 1/100th interest in its new 7.500% Non-Cumulative Perpetual Preferred Stock, Series F, following a September 9, 2026 underwriting agreement. The new preferred ranks ahead of common stock and junior securities on dividends and liquidation, and carries no maturity date. Dividends are non-cumulative and payable only when declared by the board, so holders of common stock are not directly affected by the offering itself.
Offering of 300,000 depositary shares, each representing 1/100th of a $100,000 Series F preferred share, or $1,000 per depositary share; offering closed September 14, 2026
Dividend rate of 7.500% per annum until September 15, 2031, then resets to the five-year treasury rate plus 2.894%
Company may redeem on or after September 15, 2031, or within 90 days after a Regulatory Capital Treatment Event, subject to Federal Reserve approval
Holders elect two directors only if dividends are unpaid for periods totaling 18 months
First-Citizens Bank & Trust Company, the wholly owned banking subsidiary of First Citizens BancShares, completed its previously announced acquisition of 138 branches from BMO Bank N.A. effective September 4, 2026. The bank assumed approximately $5 billion in deposits and $650 million in loans, and the filing says the branches expand its footprint across the Midwest, Great Plains and West.
138 branches acquired from BMO Bank N.A., effective September 4, 2026
Approximately $5 billion in deposits and $650 million in loans assumed
Bank now serves clients through more than 600 branches and offices nationwide, with more than $225 billion in assets
Approximately $1 million to be invested in communities over 2026 and 2027
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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