Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 144

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1A
Chunk 144
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 Number of Shares Repurchased as Part of Publicly Announced PlanApproximate Dollar Value of Shares that May Yet be Purchased Under PlanRepurchases from January 1 - 31, 202593,729 $2,166.44 93,729 $1,634 Repurchases from February 1 - 28, 202591,274 2,117.76 91,274 1,441 Repurchases from March 1 - 31, 2025117,680 1,841.20 117,680 1,224 Total302,683 $2,025.22 302,683 $1,224 

On July 25, 2024, BancShares announced that the Board authorized an SRP, which allows BancShares to repurchase shares of its Class A common stock in an aggregate amount up to $3.50 billion through December 31, 2025. 

Under the authorized 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.

104

Item 5. Other Information.

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

During the first 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

4.1Instruments defining the rights of holders of long-term debt will be furnished to the SEC upon request.10.1Termination Agreement dated April 7, 2025, by and between the Federal Deposit Insurance Corporation, as receiver for Silicon Valley Bridge Bank, N.A., and First-Citizens Bank & Trust Company (incorporated by reference to Exhibit 10.1 to the Registrant’s Form 8-K filed April 7, 2025)31.1Certification of Chief Executive Officer (filed herewith)31.2Certification