FIRST CITIZENS BANCSHARES INC /DE/
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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Jun 30, 2025 · Filed Aug 8, 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 June 30, 2025. Subsequent to June 30, 2025, BancShares purchased an additional 147,365 shares of Class A common stock through July 31, 2025 under the 2024 SRP.
Table 59
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 April 1 - 30, 2025 | 120,558 | $1,701.14 | 120,558 | $1,019 |
| Repurchases from May 1 - 31, 2025 | 110,947 | 1,869.70 | 110,947 | 811 |
| Repurchases from June 1 - 30, 2025 | 107,454 | 1,865.64 | 107,454 | 611 |
| Total | 338,959 | $1,808.46 | 338,959 | $611 |
On July 25, 2024, BancShares announced that the Board authorized the 2024 SRP, which allows BancShares to repurchase shares of its Class A common stock in an aggregate amount up to $3.5 billion through December 31, 2025.
On July 25, 2025, BancShares announced that the Board authorized the new 2025 SRP, which will allow BancShares to repurchase shares of its Class A common stock in an aggregate amount up to $4.0 billion. Repurchases under the 2025 SRP may commence upon completion of the 2024 SRP and may be made through December 31, 2026.
Under the authorized 2024 SRP and 2025 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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