First Citizens BancShares Declares Dividends
ncarol.com/10208919

RALEIGH, N.C., Jan. 26, 2023 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) declared on Jan 24, 2023, dividends on the company's Class A and Class B common stock, as well as Series A, B and C preferred stock, each for the period commencing on and including the last respective payment date.

• As noted above, the Board declared a quarterly dividend of 75 cents per share on the company's Class A and Class B common stock. The dividend is payable March 15, 2023, to shareholders of record Feb. 28, 2023.
  
  
• The Board declared a regular quarterly dividend on the company's 5.375% non-cumulative perpetual preferred stock, Series A, to be paid on March 15, 2023, to holders of record as of Feb. 28, 2023.
  
  There are currently 345,000 outstanding shares of the Series A preferred stock which are held pursuant to a Deposit Agreement dated March 12, 2020. Under that agreement, an aggregate of 13,800,000 depositary shares were issued, each representing a 1/40th interest in a share of the Series A preferred stock.
  
  More on ncarol.com
  • Search Is Broken. Curated Discovery Is the Future
  • While iHeartMedia Cuts Jobs, Radio Stations Nationwide Are Hiring
  • 20 Ways to Save Money Running a Van
  • How Fortress Law Group Turned a DUI Arrest in Ohio Into a Full Acquittal at Trial
  • Breaking the Silence: Tour Sparks National Conversation on Men's Mental Health and Domestic Abuse
  
  
• The Board declared a dividend on the company's fixed-to-floating rate, non-cumulative perpetual Series B preferred stock to be paid on March 15, 2023, to holders of record as of Feb. 28, 2023. BancShares will pay a non-cumulative quarterly cash dividend at a rate of 8.741%, which is equal to three-month LIBOR on the dividend determination date plus a spread of 3.972%.
  
  
• Also, the Board declared a regular quarterly dividend on the company's 5.625% non-cumulative perpetual preferred stock, Series C, to be paid on March 15, 2023, to holders of record as of Feb. 28, 2023.

About First Citizens BancShares

First Citizens BancShares, Inc. (NASDAQ: FCNCA), a top 20 U.S. financial institution with more than $100 billion in assets, is the financial holding company for First-Citizens Bank & Trust Company ("First Citizens Bank"). First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Founded in 1898 and headquartered in Raleigh, N.C., First Citizens is the largest family-controlled bank in the United States, providing a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens Bank offers an array of general banking services including a network of 500-plus branches in 22 states; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; and a nationwide direct bank. Discover more at firstcitizens.com.

More on ncarol.com

• Mr. Hospital Bed Helps Home Care Buyers Find the Right Hospital Bed
• The KettleBelle Achieves Explosive 400% Member Growth in Four Months, Launches 5-Day Kickstart
• Soma and Sage Bringing Functional Mobility and Nervous System Regulation to Burlington NC
• Able Rooter Expands Services to Offer Premium Water Heater Installation Across St. Louis
• Director Sean McNamara Reunites with Award-Winning Cinematographer Shawn Seifert for Upcoming Feature Home

Contact:	Deanna Hart	Barbara Thompson
	Investor Relations	Corporate Communications
	919-716-2137	919-716-2716

SOURCE First Citizens BancShares, Inc.

---

Show All News | Disclaimer | Report Violation