Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 260

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1A
Chunk 260
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 A Shares PurchasedAverage Price Paid per ShareTotal Number of Shares Repurchased as Part of Publicly Announced PlanApproximate Dollar Value of Shares that May Yet be Purchased Under PlanRepurchases from April 1 - 30, 2025120,558 $1,701.14 120,558 $1,019 Repurchases from May 1 - 31, 2025110,947 1,869.70 110,947 811 Repurchases from June 1 - 30, 2025107,454 1,865.64 107,454 611 Total338,959 $1,808.46 338,959 $611 

On July 25, 2024, BancShares announced that the Board authorized the 2024 SRP, which allows BancShares to repurchase shares of its Class A common stock in an aggregate amount up to $3.5 billion through December 31, 2025. 

On July 25, 2025, BancShares announced that the Board authorized the new 2025 SRP, which will allow BancShares to repurchase shares of its Class A common stock in an aggregate amount up to $4.0 billion. Repurchases under the 2025 SRP may commence upon completion of the 2024 SRP and may be made through December 31, 2026. 

Under the authorized 2024 SRP and 2025 SRP, shares of BancShares’ Class A common stock may be purchased from time to time on the open market or in privately negotiated transactions, including through a Rule 10b5-1 plan, but the Board’s action does not obligate BancShares to repurchase any minimum or particular number of shares, and repurchases may be suspended or discontinued at any time (subject to the terms of any Rule 10b5-1 plan in effect) without prior notice.

Item 5. Other Information.

(c) Director and Officer 10b5-1 Trading Arrangements

During the second quarter of 2025, none of BancShares’ directors or officers adopted or terminated any “Rule 10b5-1 trading arrangement” or any “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408 of Regulation S-K.

Item 6. Exhibits.

EXHIBIT INDEX

10.1Termination Agreement dated April 7, 2025, by