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 its Class A and Class B common stock, payable on April 5, 2021, with a record date of March 15, 2021. Additionally, a dividend on the 5.375% non-cumulative perpetual preferred stock, Series A, is set for March 15, 2021, for holders of record by February 28, 2021. As of December 31, 2020, the company had total assets of $49.96 billion.

Positive

• Quarterly dividend of 47 cents per share indicates company confidence and income for shareholders.
• Total assets reported at $49.96 billion reflects financial strength.

Negative

• None.

RALEIGH, N.C., Jan. 26, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of First Citizens BancShares Inc. (Nasdaq: FCNCA) declared on Jan. 26, 2021, a quarterly dividend of 47 cents per share on the company’s Class A and Class B common stock. The dividend is payable April 5, 2021, to shareholders of record March 15, 2021.

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 March 15, 2021, to holders of record as of Feb. 28, 2021.

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 Dec. 31, 2020, BancShares had total assets of $49.96 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 First Citizens BancShares?

The declared dividend is 47 cents per share.

When is the dividend payable for First Citizens BancShares common stock?

The dividend is payable on April 5, 2021.

What is the record date for the First Citizens BancShares dividend?

The record date for the dividend is March 15, 2021.

Is there a dividend declared for First Citizens BancShares preferred stock?

Yes, a dividend on the Series A preferred stock is payable on March 15, 2021.

What are the total assets of First Citizens BancShares?

As of December 31, 2020, the total assets were $49.96 billion.