First Citizens BancShares Declares Dividends
ncarol.com/10240230

RALEIGH, N.C., Oct. 26, 2023 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) declared on Oct. 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 $1.64 per share on the company's Class A and Class B common stock. The dividend is payable Dec. 15, 2023, to shareholders of record Nov. 30, 2023.
  
• "Due to the overall financial strength of our company and ongoing solid results, the Board has decided to increase the common stock dividend from 75 cents per share to $1.64 per share," said Chairman and CEO Frank B. Holding Jr.
  
  
• The Board declared a regular quarterly dividend on the company's 5.375% non-cumulative perpetual preferred stock, Series A, to be paid on Dec. 15, 2023, to holders of record as of Nov. 30, 2023.
  
  More on ncarol.com
  • Aderra Opens in Magnolia, Texas, Offering a New Model for 62+ Homeownership
  • What's New in Hokkaido, Autumn 2026
  • Charlotte Investors Name Priority Property Group Among the City's Best Property Management Companies
  • Gospel Artist and Media Executive Trevone Perry Heads to the 41st Stellar Gospel Music Awards
  • KOLBUS America Welcomes New Sales Manager, Reid Crawley
  
  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.
  
• The Board declared a dividend on the company's fixed-to-floating rate, non-cumulative perpetual Series B preferred stock to be paid on Dec. 15, 2023, to holders of record as of Nov. 30, 2023. BancShares will pay a non-cumulative quarterly cash dividend at a rate of 9.64304%, which is equal to the three-month CME Term SOFR on the dividend determination date plus the applicable SOFR tenor spread adjustment and 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 Dec. 15, 2023, to holders of record as of Nov. 30, 2023.

ABOUT FIRST CITIZENS BANCSHARES

First Citizens BancShares, Inc. (NASDAQ: FCNCA), a top 20 U.S. financial institution with more than $200 billion in assets, is the financial holding company for First-Citizens Bank & Trust Company ("First Citizens Bank"). Headquartered in Raleigh, N.C., and now celebrating the 125th anniversary of its founding, First Citizens Bank has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 500 branches and offices in 30 states; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Discover more at firstcitizens.com.

More on ncarol.com

• CRG Awarded NASA SEWP VI Contracts in Categories B and C
• Heidi G. Villari of The Villari Firm, PLLC Named to Super Lawyers for the Tenth Consecutive Year
• Elevate Your Sneakers With Crep Protect Trek Laces
• Meet Privateer: Tucson's High-Tech Security Force Built With Paramilitary Precision
• Humanbein Launches to Inspire Compassion Through Service, Opportunity, and Community

	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