8-KEarnings & ResultsRegulation FDOther Events+1

FIRST CITIZENS BANCSHARES INC /DE/ 8-K Report, Financial Results (Jul 25, 2025)

Filed July 25, 2025For Securities:FCNCAFCNCPFCNCBFCNCOFCNCN

Summary

First Citizens BancShares, Inc. (FCNCA) has filed an 8-K report on July 25, 2025, detailing its financial results for the quarter ended June 30, 2025, and announcing a significant new share repurchase program. The company released its earnings press release and a financial supplement, which are incorporated by reference. Investors can access detailed information through these exhibits, which are available on the company's website. The report also provides context for a scheduled conference call to discuss these quarterly results. A key takeaway for investors is the authorization of a new $4.0 billion share repurchase program (the "2025 SRP"), which is set to commence after the completion of the existing 2024 program. This demonstrates management's confidence in the company's financial health and its commitment to returning value to shareholders. The details of the repurchase program, including potential timing and amounts, will be at management's discretion, influenced by market conditions and capital needs.

Key Highlights

  • 1Announcement of Q2 2025 financial results, with detailed information available in the accompanying press release and financial supplement.
  • 2Scheduled conference call on July 25, 2025, at 9 a.m. ET to discuss the Q2 2025 financial performance.
  • 3Board of Directors authorized a new $4.0 billion share repurchase program (the "2025 SRP") for Class A common stock.
  • 4The 2025 SRP will commence upon the completion of the existing share repurchase program announced in July 2024 (the "2024 SRP").
  • 5Repurchases under the 2025 SRP are authorized through 2026 and will be executed at management's discretion, potentially via open market or privately negotiated transactions, including Rule 10b5-1 plans.
  • 6The company has provided extensive forward-looking statements, outlining various risks and uncertainties that could affect future performance, including economic conditions, regulatory changes, and operational risks.
  • 7The information presented in Items 2.02 and 7.01, along with the exhibits, is furnished and not deemed "filed" for purposes of Section 18 of the Exchange Act.

Frequently Asked Questions

The 8-K filing announces the Q2 2025 financial results and directs investors to the accompanying press release (Exhibit 99.1) and financial supplement (Exhibit 99.3) for detailed information. These documents will contain specific figures on revenue, earnings, and other key performance indicators for the quarter.

The authorization of the $4.0 billion share repurchase program (2025 SRP) signals the company's confidence in its financial stability and its commitment to enhancing shareholder value. It provides flexibility for the company to return capital to shareholders by buying back its Class A common stock, subject to market conditions and management discretion.

The new $4.0 billion share repurchase program (2025 SRP) is scheduled to commence upon the completion of the previously announced share repurchase program from July 2024 (the 2024 SRP). The exact timing depends on the pace of repurchases under the 2024 SRP.

Detailed financial information for the quarter ended June 30, 2025, can be found in the earnings press release (Exhibit 99.1) and the financial supplement (Exhibit 99.3) attached to this 8-K filing. Additionally, presentation slides for the investor conference call are provided as Exhibit 99.2. Investors are also encouraged to review the company's periodic reports (Form 10-Q and 10-K) filed with the SEC for comprehensive updates and risk factors.