First Citizens BancShares Announces Multi-Year Buyback Plan

First Citizens BancShares (FCNCA) has issued an update.

BancShares has launched a share repurchase program with authorization from its Board of Directors, planning to buy back up to $3.5 billion of its Class A common stock through 2025. The repurchases, which may occur on the open market or through private transactions, are not guaranteed and may be influenced by market conditions, regulatory requirements, and the company’s financial strategies. The progress of the repurchase plan will be reported in BancShares’ regular filings with the Securities and Exchange Commission.

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