FCNCA 424B5: Secondary offering

Filed with the SEC on · accession 0001193125-26-387985

FCNCA filed a 424B5 (prospectus (offering)) with the SEC on Sep 10, 2026. The final terms of an offering of shares or bonds. The stock moved +1.7% by the first close after the filing.

Summary of the filing

First Citizens BancShares is offering 300,000 depositary shares representing a 1/100th interest in its 7.500% Non-Cumulative Perpetual Preferred Stock, Series F, at $1,000 per depositary share, for total proceeds of $297 million after underwriting discounts.

Key details

Total offering value$300.0M
Underwriting discount$3.0M
Net proceeds to BancShares$297.0M
Price per depositary share$1K
IssuerFirst Citizens BancShares Inc.
Joint book-running managerMorgan Stanley
Joint book-running managerBofA Securities
Joint book-running managerJ.P. Morgan
Joint book-running managerWells Fargo Securities
Co-managerFirst Citizens Capital Securities
Co-managerTD Securities

How FCNCA stock reacted

Close before

$2128.94

Sep 9, 2026

First close after

+1.71%

$2165.43

5 trading days

-1.38%

$2099.57

Since filing

+7.44%

$2287.39

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Frequently asked questions

What did FCNCA file with the SEC on Sep 10, 2026?

FCNCA filed a 424B5 (Secondary offering). First Citizens BancShares is offering 300,000 depositary shares representing a 1/100th interest in its 7.500% Non-Cumulative Perpetual Preferred Stock, Series F, at $1,000 per depositary share, for total proceeds of $297 million after underwriting discounts.

What does a secondary offering mean for FCNCA stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did FCNCA stock react to this filing?

FCNCA closed at $2128.94 before the filing and $2165.43 on Sep 10, 2026 (+1.71%). Five trading days later: $2099.57 (-1.38%).

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