First Citizens closes $400M Series E preferred stock offering (16M depositary shares at $25 each)

FIRST CITIZENS BANCSHARES INC /DE/

Filed Certificate of Designation for 6.625% Non-Cumulative Perpetual Preferred Stock, Series E, $1,000 liquidation preference.
Public offering of 16,000,000 depositary shares closed Feb 5, 2026; each represents 1/40th interest in a Series E share.
Dividend 6.625% p.a. to March 2031, then 5-yr Treasury plus 2.830%; payable quarterly.
Company may redeem on/after March 2031; no mandatory redemption; limited voting rights.
Proceeds not specified; offering subject to Federal Reserve capital rules.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

FIRST CITIZENS BANCSHARES INC /DE/: Filed Certificate of Designation to establish Series E Non-Cumulative Perpetual Preferred Stock, amending the Amended and Restated Certificate of Incorporation (effective 2026-02-03).

Change: charter amendment
Effective: 2026-02-03

Exact text from the filing

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.

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13 governance changes filed in the last 30 days. Browse all governance changes →

FIRST CITIZENS BANCSHARES INC /DE/ filing history →

Source: SEC EDGAR

accession 0001193125-26-039401

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