First Citizens BancShares (FCNCA) AGM 2026 summary

Opening remarks and agenda

• Meeting called to order with introductions of board members, executive management, and guests, including a new board member and representatives from KPMG LLP.

• Meeting rules, agenda, and order of business were posted online, with instructions for voting and submitting questions.

Board and executive committee updates

• Diane E. Morais joined the board in July 2025.

• Executive management team introduced, including new Chief Human Resources Officer.

Shareholder proposals

• Four proposals presented: election of 12 directors, say-on-pay advisory vote, ratification of KPMG LLP as auditors, and a shareholder proposal on faith-based employee resource groups.

• Shareholder proposal requested a report on faith-based employee resource groups, advocating for equal treatment of religious employees.

• Board opposed the faith-based resource group proposal, citing no requirement for such groups.