Page 1

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - K × ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 OR □ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2020 Commission File Number : 001-16715 FIRST CITIZENS BANCSHARES , INC . ( Exact name of Registrant as specified in its charter ) Delaware ( State or other jurisdiction of incorporation or organization ) 4300 Six Forks Road , Raleigh , North Carolina ( Address of principle executive offices ) ( 919 ) 716-7000 56-1528994 ( I.R.S. Employer Identification Number ) ( Registrant's telephone number , including area code ) 27609 ( Zip code ) Securities Registered Pursuant to Section 12 ( b ) of the Securities Exchange Act of 1934 : Title of each class Class A Common Stock , Par Value $ 1 Depositary Shares , Each Representing a 1 / 40th Interest in a Share of 5.375 % Non - Cumulative Perpetual Preferred Stock , Series A Trading Symbol FCNCA FCNCP Name of each exchange on which registered Nasdaq Global Select Market Nasdaq Global Select Market Securities Registered Pursuant to Section 12 ( g ) of the Securities Exchange Act of 1934 : Class B Common Stock , Par Value $ 1 ( Title of class ) Indicate by check mark if the Registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes No □ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Yes No ☑ Indicate by check mark whether the Registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding twelve months ( or for such shorter period that the Registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past ninety days . Yes > No □ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T during the preceding 12 months ( or for such shorter period that the Registrant was required to submit such files ) . Yes + No □ Indicate by check mark whether the Registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company or emerging growth company . See definition of “ large accelerated filer , ” “ accelerated filer , ” “ non - accelerated filer , ” “ smaller reporting company , ” and “ emerging growth company ” in Rule 12b- 2 of the Exchange Act . Large accelerated filer ☑ ☐ Accelerated filer ☐ ☐ ☐ Non - accelerated filer Smaller reporting company Emerging growth company If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . □ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Indicate by check mark whether the Registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes □ No The aggregate market value of the Registrant's common equity held by non - affiliates computed by reference to the price at which the common equity was last sold as of the last business day of the Registrant's most recently completed second fiscal quarter was $ 2,346,993,887 . On February 22 , 2021 , there were 8,811,220 outstanding shares of the Registrant's Class A Common Stock and 1,005,185 outstanding shares of the Registrant's Class B Common Stock . Portions of the Registrant's definitive Proxy Statement for the 2021 Annual Meeting of Shareholders are incorporated in Part III of this report .