Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 152

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 152
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 Level 1. Accrued interest receivable and accrued interest payable are classified as Level 2.

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NOTE 12 — STOCKHOLDERS' EQUITYA roll forward of common stock activity is presented in the following table:Number of Shares of Common StockSeptember 30, 2025Common Stock OutstandingClass AClass BCommon stock - June 30, 202512,070,794 1,005,185 Shares repurchased under authorized repurchase plan(457,350)— Common stock - September 30, 202511,613,444 1,005,185 Common stock - December 31, 202412,712,436 1,005,185 Shares purchased under authorized repurchase plan(1,098,992)— Common stock - September 30, 202511,613,444 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