secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)
CIK:        0000798941
Form:       8-K
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0001193125-26-039401
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798941/000119312526039401/0001193125-26-039401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798941/000119312526039401/d865801d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-039401

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