Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 322

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 322
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 1,005,185 Common StockThe Parent Company has Class A common stock and Class B common stock, each with a par value of $1. Class A common stockholders have one vote per share while Class B common stockholders have 16 votes per share. Non-Cumulative Perpetual Preferred Stock The following table summarizes BancShares’ non-cumulative perpetual preferred stock: Preferred Stockdollars in millions, except per share and par value dataPreferred StockIssuance DateEarliest Redemption DatePar ValueShares Authorized, Issued and OutstandingLiquidation Preference Per ShareTotal Liquidation PreferenceDividendSeries AMarch 12, 2020March 15, 2025$0.01 345,000$1,000 $345 5.375%Series B (1)January 3, 2022January 4, 20270.01 325,0001,000 325SOFR + 3.972%Series CJanuary 3, 2022January 4, 20270.01 8,000,00025 2005.625%(1) Upon conversion to SOFR in 2023, BancShares began paying a credit spread adjustment in addition to the stated dividend.Dividends on BancShares Series A, B, and C preferred stock (together, “BancShares Preferred Stock”) will be paid when, as, and if declared by the Board of Directors of the Parent Company, or a duly authorized committee thereof, to the extent that the Parent Company has lawfully available funds to pay dividends. If declared, dividends with respect to the BancShares Preferred Stock will accrue and be payable quarterly in arrears on March 15, June 15, September 15, and December 15 of each year. Dividends on the BancShares Preferred Stock will not be cumulative. For further description of BancShares Preferred Stock, refer to Note 16—Stockholders’ Equity in the Notes to the Consolidated Financial Statements included in the 2024 Form 10-K.

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NOTE 13 — ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME  The following table details the components of AOCI:Components of Accumulated Other Comprehensive Lossdollars in millionsSeptember 30, 2025December 31, 2024PretaxIncome TaxesNet of Income TaxesPretaxIncome TaxesNet of Income TaxesUnrealized loss on securities available for sale$(224)$40 $(184)