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FIRST CITIZENS BANCSHARES INC /DE/ 8-K Report, Corporate Update (Mar 3, 2026)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed March 3, 2026
Period End
March 3, 2026
In the record · 2016–202610-K1110-Q328-K138

FCNCA filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 138 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Oct ’18Oct ’18
  2. Auditor change8-K · Feb ’21Feb ’21
  3. Deal closed8-K · Mar ’23Mar ’23
  4. Leadership change8-K · Dec ’24Dec ’24

01—Abstract

Summary

Summary of the 8-K filed March 3, 2026. Cited figures are marked; the original filing is the authoritative source.

First Citizens BancShares, Inc. (FCNCA) announced the successful completion of a public offering, issuing $500 milliona in aggregate principal amount of 4.869% Fixed-to-Floating Rate Senior Notes due 2032.

This offering was conducted under an existing registration statement and utilized a prospectus supplement dated February 25, 2026. The net proceeds from this issuance will be used for general corporate purposes, providing the company with additional capital to support its strategic initiatives and operational needs. This debt issuance represents a strategic move to strengthen the company's balance sheet and enhance its financial flexibility.

The fixed-to-floating rate structure may offer advantages depending on future interest rate movements. Investors in these senior notes are essentially lending to the company, receiving a specified interest rate in return. The company's ability to raise this significant amount of capital underscores its perceived financial stability and market confidence.

02—Key points

Key Highlights

  1. First Citizens BancShares Inc. successfully issued $500 million in 4.869% Fixed-to-Floating Rate Senior Notes due 2032.
  2. The issuance was a public offering conducted under an existing Form S-3 registration statement.
  3. The Notes were issued pursuant to a senior base indenture and a second supplemental indenture.
  4. Key underwriters for the offering included J.P. Morgan Securities LLC, BofA Securities, Inc., and Wells Fargo Securities, LLC.
  5. The senior notes have a maturity date in 2032 and bear a fixed interest rate that converts to a floating rate.
  6. This issuance provides the company with additional capital for general corporate purposes.
  7. The filing includes exhibits such as the Underwriting Agreement and the Second Supplemental Indenture.

03—Questions

Frequently Asked Questions

  1. What is the purpose of this 8-K filing?

    This 8-K filing is primarily to report on the significant corporate event of issuing $500 million in senior notes. It also serves to file important related documents, such as the underwriting agreement and supplemental indenture, as exhibits to the company's registration statement.

  2. What are the terms of the new senior notes?

    The Notes have an aggregate principal amount of $500,000,000, carry a coupon of 4.869% (fixed-to-floating rate), and mature in 2032. They were issued under a senior base indenture, as amended and supplemented by a second supplemental indenture.

  3. How will the proceeds from the note issuance be used?

    The proceeds from the issuance of the Notes are intended for general corporate purposes. This typically includes funding business operations, strategic initiatives, potential acquisitions, or strengthening the company's capital base.

  4. Who are the lead underwriters for this offering?

    The lead underwriters, acting as representatives of the several underwriters, are J.P. Morgan Securities LLC, BofA Securities, Inc., and Wells Fargo Securities, LLC.

04—Continue

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