How many shares did First Citizens repurchase in Q2 2026?

First Citizens repurchased 298,907 Class A common shares for $600 million during the second quarter of 2026, representing 2.80% of Class A shares outstanding at the start of the quarter. The average price paid was approximately $2,010 per share.

What is the 2025 Share Repurchase Plan and how much capacity remains?

The 2025 SRP was announced in July 2025 and authorizes repurchases of Class A common stock through 2026. As of June 30, 2026, $1.31 billion in repurchase capacity remained available. The company is not obligated to repurchase any minimum shares and may suspend or discontinue repurchases at any time.

How much has the company repurchased cumulatively since 2024?

From inception of the 2024 Share Repurchase Plan through June 30, 2026, First Citizens has repurchased 3,141,855 Class A shares for $6.19 billion, representing approximately 21.6% of total Class A and Class B common shares outstanding as of June 30, 2024.

What mechanism does First Citizens use to execute share repurchases?

The company executes repurchases under Rule 10b5-1 plans, subject to the terms of any plan then in effect. The timing and amount depend on factors including price, business and market conditions, regulatory requirements, and alternative capital needs.

How do share repurchases fit into First Citizens' overall capital strategy?

In Q2 2026, First Citizens returned $600 million to shareholders through repurchases while simultaneously prepaying $2.5 billion of its Purchase Money Note and maintaining capital ratios above regulatory requirements. Repurchases are executed at management's discretion as part of balanced capital allocation.

FCNCN 8-K Filed 2026-07-23 Execution disclosure

First Citizens BancShares repurchased $600M shares in Q2 2026

Bank executed 298,907 Class A shares at $2.01B average price under 2025 repurchase plan; $1.31B remaining capacity.

Shares repurchased299K

Avg price paid$2010.20

Remaining$1.3B

MechanismRule 10b5-1 plan

What the filing says

First Citizens BancShares reported in its second-quarter 2026 earnings release that it repurchased 298,907 shares of Class A common stock for $600 million during the quarter, representing 2.80% of Class A common shares outstanding at March 31, 2026. The repurchases were executed under the company's 2025 Share Repurchase Plan (2025 SRP), which was announced in July 2025 and allows repurchases through 2026, subject to the terms of any Rule 10b5-1 plan in effect.

As of June 30, 2026, total capacity remaining under the 2025 SRP was $1.31 billion. Since the inception of the 2024 Share Repurchase Plan through June 30, 2026, the company has repurchased a cumulative 3,141,855 shares of Class A common stock for $6.19 billion. The company emphasized that it is not obligated to repurchase any minimum number of shares and that repurchases may be suspended or discontinued at any time without prior notice.

Chairman and CEO Frank B. Holding, Jr. highlighted the repurchases as part of the company's capital management strategy, stating that the company "returned $600 million to our stockholders through share repurchases" while maintaining strong capital and liquidity positions and simultaneously prepaying $2.5 billion of the company's Purchase Money Note during the quarter.

First Citizens BancShares deployed $600 million of its share repurchase authorization in Q2 2026, reducing dilution from a base of roughly 12.5 million Class A common shares outstanding. The cumulative $6.19 billion repurchased since inception of the 2024 plan (representing roughly 21.6% of total common shares) demonstrates consistent capital return discipline. With $1.31 billion remaining authorization under the 2025 plan and estimated risk-based capital ratios above regulatory requirements (13.37% total, 10.77% CET1), the bank has continued flexibility to execute further repurchases while managing the pending $5.3 billion BMO Branch Acquisition and ongoing debt prepayment obligations. The company made clear that repurchases remain discretionary and subject to business conditions, regulatory considerations, and alternative capital needs.

During the current quarter, we repurchased 298,907 shares of our Class A common stock for $600 million and paid a dividend of $2.10 per share on our Class A and Class B common stock. — FIRST CITIZENS BANCSHARES INC /DE/ 8-K filing · View on SEC EDGAR →

What this means

Frequently asked questions

How many shares did First Citizens repurchase in Q2 2026?: First Citizens repurchased 298,907 Class A common shares for $600 million during the second quarter of 2026, representing 2.80% of Class A shares outstanding at the start of the quarter. The average price paid was approximately $2,010 per share.
What is the 2025 Share Repurchase Plan and how much capacity remains?: The 2025 SRP was announced in July 2025 and authorizes repurchases of Class A common stock through 2026. As of June 30, 2026, $1.31 billion in repurchase capacity remained available. The company is not obligated to repurchase any minimum shares and may suspend or discontinue repurchases at any time.
How much has the company repurchased cumulatively since 2024?: From inception of the 2024 Share Repurchase Plan through June 30, 2026, First Citizens has repurchased 3,141,855 Class A shares for $6.19 billion, representing approximately 21.6% of total Class A and Class B common shares outstanding as of June 30, 2024.
What mechanism does First Citizens use to execute share repurchases?: The company executes repurchases under Rule 10b5-1 plans, subject to the terms of any plan then in effect. The timing and amount depend on factors including price, business and market conditions, regulatory requirements, and alternative capital needs.
How do share repurchases fit into First Citizens' overall capital strategy?: In Q2 2026, First Citizens returned $600 million to shareholders through repurchases while simultaneously prepaying $2.5 billion of its Purchase Money Note and maintaining capital ratios above regulatory requirements. Repurchases are executed at management's discretion as part of balanced capital allocation.

execution rule-10b5-1 Class-A-common capital-return Q2-2026 financial-institution

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.