First Citizens BancShares Declares Dividends

Rhea-AI Summary

The Board of Directors of First Citizens BancShares declared a quarterly dividend of 47 cents per share on Class A and Class B common stock, payable on January 4, 2021. Shareholders of record will be those listed by December 14, 2020. Additionally, a quarterly dividend on the 5.375% non-cumulative perpetual preferred stock, Series A, was announced, set for payment on December 15, 2020, to holders of record as of November 30, 2020. As of September 30, 2020, BancShares reported total assets of $48.67 billion.

Positive

• Quarterly dividend of 47 cents per share supports investor income.
• Total assets of $48.67 billion as of September 30, 2020, indicating financial stability.

Negative

• None.

RALEIGH, N.C., Oct. 27, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of First Citizens BancShares Inc. (Nasdaq: FCNCA) declared on Oct. 27, 2020, a quarterly dividend of 47 cents per share on the company’s Class A and Class B common stock. The dividend is payable Jan. 4, 2021, to shareholders of record Dec. 14, 2020.

The Board also declared a regular quarterly dividend on the company’s 5.375% non-cumulative perpetual preferred stock, Series A, to be paid on Dec. 15, 2020, to holders of record as of Nov. 30, 2020.

(There are currently 345,000 outstanding shares of the Series A preferred stock which are held pursuant to a Deposit Agreement dated March 12, 2020. Under that agreement, an aggregate of 13,800,000 depositary shares were issued, each representing a 1/40th interest in a share of the Series A preferred stock.)

ABOUT FIRST CITIZENS BANCSHARES

First Citizens BancShares Inc. is the financial holding company for First Citizens Bank. First Citizens Bank provides a broad range of financial services to individuals, businesses, professionals and the medical community through branch offices in 19 states, digital banking, ATMs and telephone banking. As of Sept. 30, 2020, BancShares had total assets of $48.67 billion. For more information, visit First Citizens’ Web site at firstcitizens.com.

Contact:
Barbara Thompson
First Citizens BancShares
919-716-2716

FAQ

What is the dividend amount declared by FCNCA for Q4 2020?

The dividend declared is 47 cents per share.

When is the dividend payable for FCNCA?

The dividend is payable on January 4, 2021.

What is the record date for the FCNCA dividend payment?

The record date for the dividend payment is December 14, 2020.

When will the Series A preferred stock dividend be paid?

The Series A preferred stock dividend will be paid on December 15, 2020.

What are the total assets of First Citizens BancShares?

As of September 30, 2020, the total assets are $48.67 billion.