Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: Information concerning BancShares’ repurchases of outstanding common stock during the three month period ended March 31, 2020 , is included in the following table:
−Removed: Class A common stock
−Removed: Total Number of Class A Shares Repurchased
−Removed: Average Price Paid per Share
−Removed: Total Number of Shares Repurchased as Part of Publicly Announced Plans or Programs
−Removed: Maximum Number of Shares that May Yet be Repurchased Under the Plans or Programs
−Removed: Repurchases from January 1, 2020 to January 31, 2020
−Removed: Repurchases from February 1, 2020 to February 28, 2020
−Removed: Repurchases from March 1, 2020 to March 31, 2020
−Removed: The Board authorized the repurchase of up to 500,000 shares of Class A common stock for the period November 1, 2019 through January 31, 2020.
−Removed: The authorization was publicly announced on October 29, 2019.
+Added: Information concerning BancShares’ repurchases of outstanding common stock during the three month period ended June 30, 2020, is included in the following table:
+Added: Class A common stock Total Number of Class A Shares Repurchased Average Price Paid per Share Total Number of Shares Repurchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares that May Yet be Repurchased Under the Plans or Programs
+Added: Repurchases from April 1, 2020 to April 30, 2020 111,700 $ 333.71 111,700 131,500
+Added: Repurchases from May 1, 2020 to May 31, 2020 117,000 360.91 117,000 383,000
+Added: Repurchases from June 1, 2020 to June 30, 2020 117,300 404.70 117,300 265,700
+Added: Total 346,000 $ 366.98 346,000 265,700
The Board authorized the repurchase of up to 500,000 shares of Class A common stock for the period of February 1, 2020 through April 30, 2020, superseding all previous authorities.
The authorization was publicly announced on February 7, 2020.
−Removed: Subsequent to quarter-end and through April 30, 2020 , BancShares repurchased an additional 111,700 shares of Class A common stock for $37.3 million at an average cost per share of $333.71 .
−Removed: Restated Certificate of Incorporation of the Registrant, as amended (incorporated by reference to Exhibit 3.1 to the Registrant’s Form 10-K for the year ended December 31, 2014)
−Removed: Certificate of Designation of 5.375% Non-Cumulative Perpetual Preferred Stock, Series A of the Registrant (incorporated by reference to Exhibit 3.2 to the Registrant’s Form 8-A filed March 12, 2020)
−Removed: Specimen of the Registrant’s 5.375% Non-Cumulative Perpetual Preferred Stock, Series A Certificate (incorporated by reference to Exhibit 4.1 to the Registrant’s Form 8-A filed March 12, 2020)
−Removed: Deposit Agreement, dated as of March 12, 2020, by and among the Company, Broadridge Corporate Issuer Solutions, Inc., as Depositary, and the holders from time to time of the depositary receipts described therein (incorporated by reference to Exhibit 4.2 to the Registrant’s Form 8-A filed March 12, 2020)
−Removed: Form of Depositary Receipt relating to the Registrant’s 5.375% Non-Cumulative Perpetual Preferred Stock, Series A (incorporated by reference to Exhibit 4.2 (attached as Exhibit A thereto) to the Registrant’s Form 8-A filed March 12, 2020)
−Removed: Indenture, dated as of March 4, 2020, by and between First Citizens BancShares, Inc.
−Removed: Bank National Association, as trustee (incorporated by reference to Exhibit 4.1 to the Registrant’s Form 8-K dated February 27, 2020)
−Removed: First Supplemental Indenture, dated as of March 4, 2020, by and between First Citizens BancShares, Inc.
−Removed: Bank National Association, as trustee (incorporate by reference to Exhibit 4.2 to the Registrant’s Form 8-K dated February 27, 2020)
−Removed: Form of 3.375% Fixed-to-Floating Subordinated Notes due 2030 (incorporated by reference to Exhibit 4.2 (attached as Exhibit A thereto) to the Registrant’s Form 8-K dated February 27, 2020)
+Added: The Board authorized the repurchase of up to 500,000 shares of Class A common stock for the period May 1, 2020 through July 31, 2020.
+Added: The authorization was publicly announced on April 28, 2020.
+Added: Subsequent to quarter-end and through July 31, 2020, BancShares repurchased an additional 117,700 shares of Class A common stock for $47.1 million at an average cost per share of $399.77.
+Added: Upon completion of the current authorization on July 31, 2020, share repurchase activity has been suspended and will be reevaluated in subsequent periods.
31.1 Certification of Chief Executive Officer (filed herewith)
2 unchanged sentences
32.2 Certification of Chief Financial Officer (filed herewith)
−Removed: Inline XBRL Instance Document (filed herewith)
−Removed: Inline XBRL Taxonomy Extension Schema (filed herewith)
−Removed: Inline XBRL Taxonomy Extension Calculation Linkbase (filed herewith)
−Removed: Inline XBRL Taxonomy Extension Definition Linkbase (filed herewith)
−Removed: Inline XBRL Taxonomy Extension Label Linkbase (filed herewith)
−Removed: Inline XBRL Taxonomy Extension Presentation Linkbase (filed herewith)
+Added: 101.INS Inline XBRL Instance Document (filed herewith)
+Added: 101.SCH Inline XBRL Taxonomy Extension Schema (filed herewith)
+Added: 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase (filed herewith)
+Added: 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase (filed herewith)
+Added: 101.LAB Inline XBRL Taxonomy Extension Label Linkbase (filed herewith)
+Added: 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase (filed herewith)
104 Cover Page Interactive Data File (embedded within the Inline XBRL document filed as Exhibit 101)
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
−Removed: FIRST CITIZENS BANCSHARES, INC.
+Added: August 4, 2020 FIRST CITIZENS BANCSHARES, INC.
Chief Financial Officer
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.