FIRST CITIZENS BANCSHARES INC /DE/ — Form 8-K

First Citizens BancShares Inc issued 300,000 depositary shares (representing 1/100th interest each in shares of 7.500% Non-Cumulative Perpetual Preferred Stock, Series F) at $1,000 per depositary share ($300M total) on September 14, 2026. The preferred stock has a $100,000 liquidation preference per share, pays non-cumulative quarterly dividends at 7.500% until September 15, 2031, then resets to the five-year Treasury rate plus 2.894%. The company may redeem shares on or after the reset date or within 90 days of a regulatory capital treatment event. Underwriters: Morgan Stanley, BofA Securities, J.P. Morgan Securities, Wells Fargo Securities (joint book-runners); First Citizens Capital Securities and TD Securities (co-managers).