---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-039401"
form_type: "8-K"
ticker: "FCNCA"
cik: "0000798941"
company_name: "FIRST CITIZENS BANCSHARES INC /DE/"
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:41:52.933123+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-039401
- form_type: 8-K
- ticker: FCNCA
- cik: 0000798941
- company_name: FIRST CITIZENS BANCSHARES INC /DE/
- filed_at: 2026-02-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798941/000119312526039401/0001193125-26-039401-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798941/000119312526039401/d865801d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-039401
- JSON: https://secwatch.observer/filing/0001193125-26-039401.json
- Plain text: https://secwatch.observer/filing/0001193125-26-039401.txt

## Source-grounded claims
- claim_id: 3b2daa8e6eef45081d3b34ed56514525aae713fd
  claim: 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).
  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_url: https://www.sec.gov/Archives/edgar/data/798941/000119312526039401/0001193125-26-039401-index.htm

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