First Citizens BancShares Declares Dividends

Rhea-AI Summary

First Citizens BancShares (Nasdaq: FCNCA) has announced its dividend distributions for Q1 2025. The company will pay a quarterly common stock dividend of $1.95 per share on both Class A and Class B shares. Additionally, three preferred stock dividends were declared: $13.4375 per share on Series A (equivalent to $0.335938 per depositary share), $21.719122 per share on Series B, and $0.351563 per share on Series C. All dividends will be paid on March 17, 2025, to shareholders of record as of February 28, 2025.

Positive

• Consistent dividend payment demonstrates financial stability
• Multiple share classes and preferred stock options provide diverse investment opportunities

Negative

• None.

RALEIGH, N.C., Jan. 24, 2025 /PRNewswire/ -- The Board of Directors of First Citizens BancShares, Inc. (Nasdaq: FCNCA) has declared the following dividends on the company's common and preferred stock, in each case to be paid on March 17, 2025, to holders of record as of Feb. 28, 2025:  

• A quarterly common stock dividend of $1.95 per share on the company's Class A and Class B common stock.
  
  
• 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.
  
  
• A dividend of $21.719122 per share on the company's fixed-to-floating rate, non-cumulative perpetual preferred stock, Series B.
  
  
• A regular quarterly dividend of $0.351563 per share on the company's 5.625% non-cumulative perpetual preferred stock, Series C.

ABOUT FIRST CITIZENS BANCSHARES

First Citizens BancShares, Inc. (Nasdaq: FCNCA), a top 20 U.S. financial institution with more than $200 billion in assets and a member of the Fortune 500™, 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; personalized service and resources to help grow and manage wealth; and a nationwide direct bank. Discover more at firstcitizens.com.

Contact:	Deanna Hart	Angela English
	Investor Relations	Corporate Communications
	919-716-2137	803-931-1854

 

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SOURCE First Citizens BancShares, Inc.

FAQ

What is First Citizens BancShares (FCNCA) Q1 2025 dividend payment date?

First Citizens BancShares will pay its Q1 2025 dividends on March 17, 2025, to shareholders of record as of February 28, 2025.

How much is FCNCA's quarterly common stock dividend for Q1 2025?

First Citizens BancShares declared a quarterly common stock dividend of $1.95 per share for both Class A and Class B shares.

What are the preferred stock dividend rates for FCNCA in Q1 2025?

FCNCA declared preferred stock dividends of $13.4375 per share for Series A, $21.719122 per share for Series B, and $0.351563 per share for Series C.

What is the depositary share dividend amount for FCNCA Series A preferred stock?

The Series A preferred stock dividend results in a distribution of $0.335938 per depositary share.