ncarol.com - First Citizens BancShares Declares Dividends

Trending...

Salestrics Releases Version 2.0 to Unify CRM, Business Email, and Operations on a Single Customer Graph
From the Racetrack to the Boardroom: Aston Martin and Aramco Formula One Partnership Accelerates Circle8 Group: (N A S D A Q: CIRC)
DARPA Selects NRx Pharmaceuticals Defense Subsidiary for Contract Negotiations on FDA-Authorized SPARC-TMS Clinical Trial Advancing Mental Health Care

RALEIGH, N.C., Jan. 26, 2024 /PRNewswire/ -- The Board of Directors (the "Board") of First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) declared on Jan. 24, 2024, dividends on the company's Class A and Class B common stock, as well as Series A, B and C preferred stock 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 March 15, 2024, to holders of record as of Feb. 29, 2024.
The Board declared a regular quarterly dividend of $13.4375 per share on the company's 5.375% non-cumulative perpetual preferred stock, Series A (resulting in a distribution of $0.335938 per depositary share), to be paid on March 15, 2024, to holders of record as of Feb. 29, 2024.
The Board declared a dividend of $24.0456 per share on the company's fixed-to-floating rate, non-cumulative perpetual preferred stock, Series B, to be paid on March 15, 2024, to holders of record as of Feb. 29, 2024. BancShares will pay the non-cumulative quarterly cash dividend at a rate of 9.61824%, which is equal to the three-month CME Term Secured Overnight Financing Rate ("SOFR") on the dividend determination date plus the applicable SOFR tenor spread adjustment of 0.26161% and a spread of 3.972%.
Also, the Board declared a regular quarterly dividend of $0.351563 per share on the company's 5.625% non-cumulative perpetual preferred stock, Series C, to be paid on March 15, 2024, to holders of record as of Feb. 29, 2024.

ABOUT FIRST CITIZENS BANCSHARES

More on ncarol.com

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., 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.

Contact:	Deanna Hart More on ncarol.com 91 Per Cent of Enterprises Will Increase AI Spending. Most Can't See the Cost — or the Risk! VINCE Lifestyle Magazine Announces Virtual "Health, Wealth & Wellness Summit" New ProEssentials v11: Native WinUI Charting Library, 100M Points in 15ms, Following Microsoft's Vision for True Native Swap-Chain Rendering Salestrics Releases Version 2.0 to Unify CRM, Business Email, and Operations on a Single Customer Graph Inlow Upholstery Offers Custom Boat Seat Reupholstery for Western North Carolina Lake Communities	Barbara Thompson
	Investor Relations	Corporate Communications
	919-716-2137	919-716-2716