Filing Analysis
First Citizens BancShares reported the results of its 2026 Annual Stockholder's Meeting held on May 4, 2026. Stockholders elected 12 directors, approved executive compensation, and ratified KPMG LLP as the independent auditor, while rejecting a stockholder proposal regarding faith-based employee resource groups.
Key Facts
- 12 directors were elected for one-year terms, including Frank B. Holding, Jr. and Ellen R. Alemany.
- The 'Say-on-Pay' advisory resolution for executive compensation was approved with 20,022,960 votes in favor.
- KPMG LLP was ratified as the independent public accounting firm for 2026 with 24,565,642 votes 'For' and only 2,455 'Against'.
- A stockholder proposal requesting a report on faith-based employee resource groups was defeated, receiving only 76,989 'For' votes against 20,181,692 'Against' votes.
First Citizens BancShares reported its first quarter 2026 financial results and provided an investor presentation. The filing also references a pending acquisition of 138 branches from BMO Bank N.A.
Key Facts
- Reported financial results for the quarter ended March 31, 2026, on April 23, 2026.
- Included an investor presentation and financial supplement as exhibits 99.2 and 99.3.
- Disclosed a pending acquisition of 138 branches from BMO Bank N.A. in the forward-looking statements.
- The conference call to discuss results was scheduled for April 23, 2026, at 9:00 a.m. Eastern time.
First Citizens BancShares, Inc. completed a public offering of $500 million in 4.869% Fixed-to-Floating Rate Senior Notes due 2032. The notes were issued under a previously filed registration statement and involve major financial institutions as underwriters.
Key Facts
- Issued $500,000,000 aggregate principal amount of Senior Notes.
- The notes carry a 4.869% Fixed-to-Floating rate and mature in 2032.
- Underwriters include J.P. Morgan Securities LLC, BofA Securities, Inc., and Wells Fargo Securities, LLC.
- The offering closed on March 3, 2026, pursuant to a Second Supplemental Indenture.
- The notes were issued under a shelf registration statement (File No. 333-281553) filed in August 2024.