First Citizens BancShares Completes New Series E Preferred Offering

First Citizens BancShares ( (FCNCA) ) has shared an announcement.

On February 3, 2026, First Citizens BancShares, Inc. filed a certificate of designation in Delaware establishing a new 6.625% Non-Cumulative Perpetual Preferred Stock, Series E, with a $1,000 per share liquidation preference, structured so that each of the 16,000,000 publicly offered depositary shares represents a 1/40th interest in a Series E share. The Series E Preferred Stock ranks on parity with the company’s existing preferred stock series and senior to common stock, pays non-cumulative quarterly dividends at a fixed 6.625% rate through March 15, 2031, then resets every five years at the five-year U.S. Treasury rate plus 2.830%, includes restrictions on common and junior securities dividends if preferred dividends are not fully paid, and provides limited voting rights, including the right to elect two directors if dividends are omitted for periods totaling 18 months. The preferred shares are perpetual with no maturity, redeemable at the company’s option on or after March 15, 2031 or within 90 days of certain regulatory capital events at $1,000 per share (or $25 per depositary share) plus applicable unpaid dividends, subject to Federal Reserve approval, and in liquidation the holders receive the liquidation preference plus any authorized and declared but unpaid dividends before common and junior securities. On February 5, 2026, the company closed the public offering of the 16,000,000 depositary shares under a previously filed shelf registration, further diversifying and strengthening its capital structure by adding a new layer of regulatory capital that provides flexibility in dividend payments while potentially affecting capital allocation and dividend policy for common shareholders.

The most recent analyst rating on (FCNCA) stock is a Buy with a $2325.00 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 Neutral.

The score is driven primarily by solid financial fundamentals and supportive earnings-call guidance on growth and capital return, offset by leverage/capital pressure, margin headwinds into 2026, and mixed-to-weak near-term technicals.

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

More about First Citizens BancShares

First Citizens BancShares, Inc. is a U.S. bank holding company that provides a range of banking and financial services, including deposit accounts, lending and related financial products, primarily to retail, commercial and institutional customers. The company finances its operations and growth through various forms of capital, including multiple series of non-cumulative perpetual preferred stock that rank ahead of common equity in dividends and liquidation preference.

Average Trading Volume: 93,470

Technical Sentiment Signal: Strong Buy

Current Market Cap: $25.89B

Find detailed analytics on FCNCA stock on TipRanks’ Stock Analysis page.