First Citizens BancShares Closes $400M Preferred Stock Offering
FCNCA sits 44% above its 52-week low of $1,473.62.
Summary
First Citizens BancShares, Inc. announced the closing of its public offering of $400 million in 6.625% Non-Cumulative Perpetual Preferred Stock, Series E, strengthening its capital position.
Key Events · Financing and Capital Events · FCNCA
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Offering Closed
The company finalized its public offering of 16,000,000 Depositary Shares, representing 6.625% Non-Cumulative Perpetual Preferred Stock, Series E, on February 5, 2026.
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Capital Raised
The offering generated approximately $391.1 million in net proceeds for the company, bolstering its capital structure.
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Preferred Stock Terms
The Series E Preferred Stock has a liquidation preference of $25 per depositary share and ranks pari passu with existing preferred stock, senior to common stock.
Analysis · FCNCA · Finance
This 8-K filing confirms the successful closing of First Citizens BancShares' $400 million preferred stock offering, which was previously priced on January 29, 2026. The issuance of 6.625% Non-Cumulative Perpetual Preferred Stock, Series E, provides a substantial capital injection, enhancing the company's financial flexibility and regulatory capital position. While preferred stock offerings introduce a fixed dividend obligation and are dilutive to common shareholders, this capital raise is a standard mechanism for financial institutions to strengthen their balance sheet and support growth initiatives. The non-cumulative nature of the dividends offers some flexibility to the company. Investors should monitor the use of proceeds and the impact of the new preferred dividends on earnings per common share.
How filings like this one have moved
In the 30 days to Sep 16, 2026, 34.9% of the 1159 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FCNCA was trading at $2,122.95 on NASDAQ in the Finance sector, with a market capitalization of approximately $26B. The 52-week trading range was $1,473.62 to $2,237.50. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.