First Citizens BancShares Declares Dividends
ncarol.com/10249423

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

• Americans Are Trading Offices for Beaches: How Business Ownership Enables the Ultimate Location Freedom
• Learn "The Art of Giving" at the Hillsborough Gallery of Arts
• Boston Industrial Solutions' Natron® DC Series Ink Has Had an Upgrade!
• Colony Ridge Proudly Supports the All Ears! 2025 Sporting Clays Tournament
• Make Your Own Perfume Party Kit

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 Jacob Emrani Nominated for LA Executive Award Advanced Roofing and Exteriors Named Builders Mutual 2025 WorkSafe Champion Natural Perfume Formulas By JoAnne Bassett For Sale Kansas City Steak Company Shares the Return of Their Holiday Gift Box Dr. Jay A. Johannigman Delivers Lecture at the John R. Border Memorial Lectureship in Buffalo	Barbara Thompson
	Investor Relations	Corporate Communications
	919-716-2137	919-716-2716

SOURCE First Citizens BancShares, Inc.

---

Show All News | Report Violation