---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-390576"
form_type: "8-K"
ticker: "FCNCA"
cik: "0000798941"
company_name: "FIRST CITIZENS BANCSHARES INC /DE/"
filed_at: "2026-09-14T20:10:22+00:00"
generated_at: "2026-09-14T20:11:25.972306+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# First Citizens closes $300M preferred offering; Series F 7.5% non-cumulative

## Summary
- Closed offering of 300,000 depositary shares (Series F preferred) on Sep 14, 2026; each represents 1/100th of a $100,000 liquidation pref share.
- Dividends: 7.500% per annum through Sep 15, 2031, then 5-yr Treasury + 2.894% reset every 5 years; non-cumulative, quarterly payments.
- Preferred ranks senior to common; company may redeem on/after Sep 15, 2031, or within 90 days of regulatory capital event; no maturity date.
- Underwriters: Morgan Stanley, BofA Securities, J.P. Morgan, Wells Fargo; Certificate of Designation effective Sep 11, 2026.
- Proceeds not specified; offering registered under Form S-3ASR; Deposit Agreement with Broadridge Corporate Issuer Solutions.

## SEC filing metadata
- accession: 0001193125-26-390576
- form_type: 8-K
- ticker: FCNCA
- cik: 0000798941
- company_name: FIRST CITIZENS BANCSHARES INC /DE/
- filed_at: 2026-09-14T20:10:22+00:00
- event_type: other_material
- 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/798941/000119312526390576/0001193125-26-390576-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798941/000119312526390576/d505182d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-390576
- JSON: https://secwatch.observer/filing/0001193125-26-390576.json
- Plain text: https://secwatch.observer/filing/0001193125-26-390576.txt

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