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First Citizens BancShares Closes Series D Preferred Stock Offering

Story Highlights
  • First Citizens BancShares filed for a new series of preferred stock on November 14, 2025.
  • The company closed a public offering of 500,000 depositary shares on November 18, 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
First Citizens BancShares Closes Series D Preferred Stock Offering

TipRanks Cyber Monday Sale

First Citizens BancShares ( (FCNCA) ) just unveiled an update.

On November 14, 2025, First Citizens BancShares, Inc. filed a certificate of designation for a new series of preferred stock, the 7.000% Non-Cumulative Perpetual Preferred Stock, Series D. This filing was part of an underwriting agreement with major financial institutions. The company closed a public offering of 500,000 depositary shares on November 18, 2025, each representing a 1/100th interest in a share of the Series D Preferred Stock. The Series D Preferred Stock offers a 7% annual dividend rate until December 2030 and then adjusts based on the five-year treasury rate plus 3.301%. This move is significant for First Citizens BancShares as it enhances their capital structure and could impact their market positioning by offering attractive returns to investors.

The most recent analyst rating on (FCNCA) stock is a Hold with a $2190.00 price target. To see the full list of analyst forecasts on First Citizens BancShares stock, see the FCNCA Stock Forecast page.

Spark’s Take on FCNCA Stock

According to Spark, TipRanks’ AI Analyst, FCNCA is a Outperform.

First Citizens BancShares demonstrates solid financial performance with strong profitability and cash flow. The earnings call highlighted growth and strategic initiatives, but technical indicators suggest a bearish trend. Valuation is reasonable, though high leverage and recent revenue decline pose risks.

To see Spark’s full report on FCNCA stock, click here.

More about First Citizens BancShares

Average Trading Volume: 142,497

Technical Sentiment Signal: Sell

Current Market Cap: $22.7B

Learn more about FCNCA stock on TipRanks’ Stock Analysis page.

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