First Citizens BancShares Increases Their Quarterly Dividends

Author: Evelyn Baker Updated: 01-24-2025 06:40 AM

First Citizens BancShares Announces Dividend Declarations

The Board of Directors of First Citizens BancShares, Inc. (Nasdaq: FCNCA) has recently announced a series of dividends for their common and preferred stock. This decision reflects the company's commitment to delivering value to its shareholders.

Details of the Dividend Payments

The declared dividends are set to benefit numerous shareholders, with payments following established timelines. Notably, the quarterly common stock dividend is set at $1.95 per share, which applies to both Class A and Class B common stock. This highlights First Citizens BancShares' ongoing dedication to rewarding its investors.

Quarterly Common Stock Dividend

Investors can expect a quarterly dividend of $1.95 per share. With this consistent approach, First Citizens BancShares ensures that both Class A and Class B common stockholders are rewarded for their investment in the company.

Preferred Stock Dividends

In addition to the common stock dividends, the Board has also announced several preferred stock dividends. These include:

A quarterly dividend of $13.4375 per share for the 5.375% non-cumulative perpetual preferred stock, Series A, translating into a distribution of $0.335938 per depositary share.
A dividend amounting to $21.719122 per share for the fixed-to-floating rate, non-cumulative perpetual preferred stock, Series B.
A regular quarterly dividend of $0.351563 per share for the 5.625% non-cumulative perpetual preferred stock, Series C.

Understanding First Citizens BancShares

First Citizens BancShares, Inc. (Nasdaq: FCNCA) holds a significant position in the U.S. financial landscape, known for its strength and stability. The institution boasts over $200 billion in assets and is a proud member of the Fortune 500, reflecting its wide-ranging influence in the banking industry.

Legacy and Services

Headquartered in Raleigh, First Citizens Bank has established a rich legacy built over generations. The bank offers a comprehensive range of general banking services, with more than 500 branches and offices across 30 states. Their commercial banking services are designed to deliver best-in-class lending options and leasing solutions, catering to diverse client needs.

Innovative Banking Solutions

In a fast-evolving financial world, First Citizens understands the importance of innovation. They provide banking solutions tailored to businesses at every stage. Their personalized service aims to empower clients to manage and grow their wealth effectively.

Contact Information

Investors and stakeholders seeking further information can reach out to the company's representatives:

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

Frequently Asked Questions

What is the value of the quarterly common stock dividend?

The quarterly common stock dividend is set at $1.95 per share.

When are the dividends scheduled to be paid?

The dividends are scheduled to be paid on March 17, 2025, to holders of record.

What are the benefits of preferred stock dividends?

Preferred stock dividends offer investors fixed income and can be more reliable compared to common stock dividends.

How does First Citizens BancShares support its shareholders?

The company supports its shareholders through regular dividend payments and maintaining a strong financial position.

Where is First Citizens Bank headquartered?

First Citizens Bank is headquartered in Raleigh.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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