FIRST CITIZENS BANCSHARES INC /DE/
For the period ended Mar 31, 2025. Filed May 9, 2025.
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Mar 31, 2025 · Filed May 9, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
(c) The following table summarizes our monthly Class A common stock repurchase activity during the three months ended March 31, 2025. Subsequent to March 31, 2025, BancShares purchased an additional 120,558 shares of Class A common stock through April 30, 2025.
Table 56
Issuer Purchases of Class A Common Stock
| dollars in millions, except per share data | Total Number of Class A Shares Purchased | Average Price Paid per Share | Total Number of Shares Repurchased as Part of Publicly Announced Plan | Approximate Dollar Value of Shares that May Yet be Purchased Under Plan |
|---|---|---|---|---|
| Repurchases from January 1 - 31, 2025 | 93,729 | $2,166.44 | 93,729 | $1,634 |
| Repurchases from February 1 - 28, 2025 | 91,274 | 2,117.76 | 91,274 | 1,441 |
| Repurchases from March 1 - 31, 2025 | 117,680 | 1,841.20 | 117,680 | 1,224 |
| Total | 302,683 | $2,025.22 | 302,683 | $1,224 |
On July 25, 2024, BancShares announced that the Board authorized an SRP, which allows BancShares to repurchase shares of its Class A common stock in an aggregate amount up to $3.50 billion through December 31, 2025.
Under the authorized SRP, shares of BancShares’ Class A common stock may be purchased from time to time on the open market or in privately negotiated transactions, including through a Rule 10b5-1 plan, but the Board’s action does not obligate BancShares to repurchase any minimum or particular number of shares, and repurchases may be suspended or discontinued at any time (subject to the terms of any Rule 10b5-1 plan in effect) without prior notice.
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