{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-286155","form_type":"8-K","ticker":"FCNCA","cik":"0000798941","company_name":"FIRST CITIZENS BANCSHARES INC /DE/","filed_at":"2025-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.202421+00:00","generated_at":"2026-05-16T18:58:57.337363+00:00","sec_items":["3.03","5.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"First Citizens BancShares issues 500,000 depositary shares of 7% Series D Preferred Stock","bullets":["500,000 depositary shares sold, each representing 1/100th interest in Series D Preferred with $100,000 liquidation preference per share.","Dividends: 7.000% per annum to Dec 15, 2030, then floating at 5-year Treasury + 3.301%, payable quarterly.","Underwriters: J.P. Morgan, BofA, Citigroup, Morgan Stanley; offering closed Nov 18, 2025.","No voting rights except for fundamental changes or if dividends unpaid for 18 months (then right to elect two directors).","No fixed maturity; redeemable at company's option on/after Dec 15, 2030, subject to Federal Reserve approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-286155","json":"https://secwatch.observer/filing/0001193125-25-286155.json","markdown":"https://secwatch.observer/filing/0001193125-25-286155.md","text":"https://secwatch.observer/filing/0001193125-25-286155.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/798941/000119312525286155/0001193125-25-286155-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/798941/000119312525286155/d83204d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T18:58:57.337363+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ece03257422e705ddd445cdbd8a459f5102a4a41","claim":"FIRST CITIZENS BANCSHARES INC /DE/: Filed a certificate of designation establishing a new series of preferred stock, Series D, amending the certificate of incorporation (effective 2025-11-14).","evidence_excerpt":"The Certificate of Designation became effective upon filing with the Secretary of State of the State of Delaware, and it amends the Company’s Amended and Restated Certificate of Incorporation.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/798941/000119312525286155/0001193125-25-286155-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-11-14"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}