Welcome to our dedicated page for First Citizens BancShares news (Ticker: FCNCA), a resource for investors and traders seeking the latest updates and insights on First Citizens BancShares stock.
First Citizens BancShares Inc is the bank holding company of First Citizens Bank & Trust Company. Founded as the Bank of Smithfield in North Carolina, FCB has expanded through de novo branching and acquisitions. Operating in nearly half of the continental United States, FCB primarily takes deposits in the Carolinas. Historically influenced by the Holding family, FCB provides retail and commercial banking services, trust, wealth management, with main revenue from net interest income.
The Board of Directors of First Citizens BancShares (NASDAQ: FCNCA) declared dividends on April 25, 2023, for its Class A, Class B common stock, and Series A, B, and C preferred stock. A quarterly dividend of 75 cents per share will be paid on June 15, 2023, to shareholders of record as of May 31, 2023. The Series A preferred stock will receive a dividend on the same date, while the Series B preferred stock will see a non-cumulative cash dividend at a rate of 8.83829%. The Series C preferred stock will also receive its quarterly dividend on the same date. First Citizens BancShares, a top 20 U.S. financial institution with over $200 billion in assets, is celebrating its 125th anniversary this year.
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