First Citizens BancShares Declares Dividends

Rhea-AI Summary

First Citizens BancShares (Nasdaq: FCNCA) has announced dividend payments for its common and preferred stock, to be paid on September 16, 2024, to shareholders of record as of August 30, 2024. The dividends include:

• A quarterly dividend of $1.64 per share on Class A and Class B common stock
• A quarterly dividend of $13.4375 per share on 5.375% non-cumulative perpetual preferred stock, Series A
• A dividend of $24.197987 per share on fixed-to-floating rate, non-cumulative perpetual preferred stock, Series B
• A quarterly dividend of $0.351563 per share on 5.625% non-cumulative perpetual preferred stock, Series C

This announcement demonstrates First Citizens BancShares' commitment to providing returns to its shareholders across various stock classes.

Positive

• Consistent dividend payments across multiple stock classes
• Maintained quarterly dividend of $1.64 per share on common stock
• Continued returns to preferred stockholders

Negative

• None.

RALEIGH, N.C., July 25, 2024 /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 Sept. 16, 2024, to holders of record as of Aug. 30, 2024:  

• A quarterly common stock dividend of $1.64 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 $24.197987 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^TM, 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.

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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

When will First Citizens BancShares (FCNCA) pay its next dividend?

First Citizens BancShares (FCNCA) will pay its next dividend on September 16, 2024, to shareholders of record as of August 30, 2024.

What is the dividend amount for First Citizens BancShares (FCNCA) common stock?

The quarterly dividend for First Citizens BancShares (FCNCA) common stock is $1.64 per share for both Class A and Class B shares.

How much is the dividend for First Citizens BancShares (FCNCA) Series A preferred stock?

The dividend for First Citizens BancShares (FCNCA) Series A preferred stock is $13.4375 per share, resulting in a distribution of $0.335938 per depositary share.

What is the dividend amount for First Citizens BancShares (FCNCA) Series B preferred stock?

The dividend for First Citizens BancShares (FCNCA) Series B preferred stock is $24.197987 per share.