Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 242

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 242
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anced Prudential Standards—Proposed Long-Term Debt & Clean Holding Company Requirements” in Item 1. Business of the 2024 Form 10-K.

BancShares maintains a comprehensive capital adequacy process. BancShares establishes internal capital risk limits and warning thresholds, which utilize Risk-Based and Leverage-Based Capital calculations, internal and external early warning indicators, its capital planning process, and stress testing to evaluate BancShares' capital adequacy for multiple types of risk in both normal and stressed environments. The capital management framework requires contingency plans be defined and may be employed at management’s discretion.

Common and Preferred Stock Dividends

During the first and second quarters of 2025, we paid quarterly dividends of $1.95 per share on the Class A common stock and Class B common stock. In July 2025, the Board declared a quarterly dividend on the Class A common stock and Class B common stock of $1.95 per common share. The dividends are payable on September 15, 2025 to stockholders of record as of August 29, 2025. 

During the first and second quarters of 2025, we paid quarterly dividends on our Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock as disclosed in Note 12—Stockholders' Equity. In July 2025, the Board declared dividends on our Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock in accordance with their terms. The dividends are payable on September 15, 2025. 

Capital Composition and Ratios

As discussed earlier in the “Recent Events” section of this MD&A, the Board authorized the Class A common stock 2024 SRP and the new 2025 SRP that may commence repurchases upon completion of the 2024 SRP. During the Current Quarter and Current YTD, we repurchased 338,959 and 641,642 shares, respectively, under the 2024 SRP. Refer to the “Recent Events” section above for more information and Part II, Item 2. Unregistered Sales of Equity Securities and Use of Proceeds for our monthly repurchase activity during the Current Quarter. 

The following table details the change in outstanding Class A common stock through June 30, 2025. Refer to Note 12—Stockholders' Equity for additional information.

Table 52

Changes in Shares of Class A Common Stock Outstanding

Three Months Ended June 30, 2025Six Months Ended June 30, 202