First Citizens BancShares Declares Dividends

Rhea-AI Summary

First Citizens BancShares (Nasdaq: FCNCA) has announced dividend payments for December 16, 2024, for stockholders of record as of November 29, 2024. The quarterly common stock dividend increased to $1.95 per share from the previous $1.64 for both Class A and B shares. The company also declared dividends on three preferred stock series: Series A at $13.4375 per share ($0.335938 per depositary share), Series B at $23.205632 per share, and Series C at $0.351563 per share.

Positive

• Increased quarterly common stock dividend by 18.9% from $1.64 to $1.95 per share
• Consistent dividend payments across all share classes indicating financial stability

Negative

• None.

RALEIGH, N.C., Oct. 24, 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 Dec. 16, 2024, to holders of record as of Nov. 29, 2024:  

• A quarterly common stock dividend of $1.95 per share on the company's Class A and Class B common stock – which is an increase from the previous quarter's common stock dividend of $1.64 per share.
   
• 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 $23.205632 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.

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) new quarterly dividend amount for 2024?

First Citizens BancShares (FCNCA) declared a quarterly common stock dividend of $1.95 per share for both Class A and Class B shares, payable on December 16, 2024.

When is the record date for First Citizens BancShares (FCNCA) December 2024 dividend?

The record date for First Citizens BancShares (FCNCA) December 2024 dividend is November 29, 2024.

How much did First Citizens BancShares (FCNCA) increase its quarterly dividend?

First Citizens BancShares (FCNCA) increased its quarterly dividend from $1.64 to $1.95 per share, representing an 18.9% increase.

What are the preferred stock dividend amounts for First Citizens BancShares (FCNCA)?

FCNCA declared Series A preferred stock dividend of $13.4375 per share, Series B at $23.205632 per share, and Series C at $0.351563 per share.