FCNCB

• Net income for Q2 2026 was $672 million, compared to $534 million in the linked quarter.
• Adjusted net income was $691 million, and adjusted net income available to common stockholders was $659 million, or $57.09 per share.
• Net interest income was $1.66 billion, and net interest margin was 3.10%.
• The company expects to complete the BMO branch acquisition during Q3 2026.

2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• The 2026 Annual Stockholder's Meeting was held on May 4, 2026.
• The non-binding say-on-pay resolution passed with 20,022,960 votes for and 338,804 against.
• The ratification of KPMG LLP as independent auditor for 2026 was approved with 24,565,642 votes for.
• A stockholder proposal on faith-based employee resource groups was not approved, with 20,181,692 votes against.

5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits

• Net income for Q1 2026 was $534 million, down from $580 million in Q4 2025; net income available to common stockholders was $508 million, or $42.63 per share.
• Adjusted net income was $560 million, down from $648 million in the linked quarter; adjusted net income available to common stockholders was $534 million, or $44.86 per share.
• Loans and leases grew 0.5% to $148.69 billion, and deposits grew 5.7% to $170.84 billion at March 31, 2026.
• The company prepaid $2.50 billion of the Purchase Money Note and returned $900 million to stockholders via share repurchases during the quarter.

2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• The notes were sold in a public offering under a Form S-3 registration statement (File No. 333-281553) and a prospectus supplement dated February 25, 2026.
• The underwriting agreement is dated February 25, 2026, with J.P. Morgan Securities LLC, BofA Securities, Inc., and Wells Fargo Securities, LLC as representatives of the underwriters.
• The notes were issued under a senior base indenture dated March 12, 2025, as supplemented by a second supplemental indenture dated March 3, 2026, with U.S. Bank Trust Company, National Association as trustee.
• The 8-K was filed to attach the related agreements and exhibits to the registration statement in connection with the note issuance.

8.01 Other Events · 9.01 Financial Statements and Exhibits

• The Series E preferred stock has a $1,000 per share liquidation preference (equivalent to $25 per depositary share) and pays non-cumulative dividends at 6.625% annually until March 15, 2031, then at the five-year treasury rate plus 2.830%.
• The offering was made under an underwriting agreement dated January 29, 2026, with BofA Securities, Citigroup Global Markets, J.P. Morgan Securities, and Morgan Stanley as representatives of the underwriters.
• The certificate of designation establishing the Series E preferred stock was filed with the Delaware Secretary of State on February 3, 2026, amending the company's certificate of incorporation.
• The Series E preferred stock ranks senior to common stock and junior securities, has no maturity date, and is redeemable at the company's option on or after March 15, 2031, subject to Federal Reserve approval.

3.03 Material Modification to Rights of Security Holders · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• Net income for Q4 2025 was $580 million, up from $568 million in Q3 2025; net income available to common stockholders was $566 million, or $45.81 per share.
• Adjusted net income was $648 million, up from $587 million in the linked quarter; adjusted net income available to common stockholders was $634 million, or $51.27 per share.
• Loans and leases grew 2.2% to $147.93 billion, while deposits decreased 1.0% to $161.58 billion; the company prepaid $2.5 billion of the Purchase Money Note.
• The company announced the pending acquisition of 138 branches from BMO Bank, expected to close in the second half of 2026.

2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Lorie K. Rupp, Executive Vice President and Chief Risk Officer, notified BancShares of her intent to retire effective June 1, 2026.
• Tom Eklund, current Treasurer, is expected to succeed Rupp as Chief Risk Officer effective June 1, 2026.
• Eklund, a 20-year First Citizens Bank veteran, will oversee financial, credit, enterprise, operational, and compliance risk.
• The transition was announced in a press release dated January 14, 2026, filed as Exhibit 99.1.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• On November 18, 2025, First Citizens BancShares closed the public offering of 500,000 depositary shares, each representing a 1/100th interest in a share of newly designated 7.000% Non-Cumulative Perpetual Preferred Stock, Series D.
• The offering was made under an underwriting agreement dated November 13, 2025, with J.P. Morgan, BofA Securities, Citigroup, and Morgan Stanley as representatives of the underwriters.
• The certificate of designation was filed with the Delaware Secretary of State on November 14, 2025, amending the company's charter to establish the Series D preferred stock terms.
• The Series D preferred stock ranks senior to common stock and junior securities, has no maturity date, and is redeemable at the company's option on or after December 15, 2030, subject to Federal Reserve approval.

3.03 Material Modification to Rights of Security Holders · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 8.01 Other Events · 9.01 Financial Statements and Exhibits