Recent Updates — FCNCA

First Citizens BancShares filed a Certificate of Designation establishing its new 7.500% Non-Cumulative Perpetual Preferred Stock, Series F, with a $100,000 liquidation preference per share. The company closed a public offering on September 14, 2026, selling 300,000 depositary shares, each representing a 1/100th interest in one share of the Series F Preferred Stock. Dividends accrue at 7.500% annually until September 15, 2031, after which they reset to the five-year treasury rate plus 2.894%. The securities rank pari passu with existing preferred series and senior to common stock. First Citizens BancShares operates as a bank holding company providing financial services through its subsidiary banks.