---
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"
generated_at: "2026-05-16T18:58:57.337363+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# First Citizens BancShares issues 500,000 depositary shares of 7% Series D Preferred Stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-286155
- JSON: https://secwatch.observer/filing/0001193125-25-286155.json
- Plain text: https://secwatch.observer/filing/0001193125-25-286155.txt

## Key facts
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2025-11-14
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/798941/000119312525286155/0001193125-25-286155-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.