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First Citizens BancShares Declares Dividends

On January 24, 2025, First Citizens BancShares, Inc. (Nasdaq: FCNCA) made an important announcement concerning the coming distributions to its stockholders. The Board of Directors has approved several dividends, which are due to be paid on March 17, 2025, to shareholders who are on record as of February 28, 2025. This declaration highlights the ongoing commitment of the bank to provide value to its investors, demonstrating security and steady growth.

Dividend Details

1. Common Stock Dividends: A quarterly common stock dividend of $1.95 will be distributed per share for both Class A and Class B common stock.
2. Preferred Stock Dividends:
- A regular divident of $13.4375 per share will be paid on the Series A non-cumulative perpetual preferred stock, leading to a $0.335938 distribution per depositary share.
- Preferred stock Series B will see a dividend of $21.719122 per share.
- Furthermore, the Series C non-cumulative perpetual preferred stock will pay a quarterly dividend of $0.351563 per share.

These dividends indicate strong performance and provide an incentive for investors to consider First Citizens BancShares, Inc. as a solid option for their portfolios.

About First Citizens BancShares

First Citizens BancShares, Inc. serves as the parent company of First-Citizens Bank & Trust Company, commonly regarded as First Citizens Bank. Headquartered in Raleigh, North Carolina, the bank has positioned itself among the top 20 financial institutions in the United States. With assets exceeding $200 billion, it also has a prominent place on the Fortune 500 list.

The bank’s legacy is built on principles of strength, stability, and a forward-thinking approach that has proved advantageous over generations. First Citizens Bank boasts a robust array of services, including commercial banking, wealth management, and innovative banking solutions tailored for businesses at various stages of their journeys. This diverse service offering is complemented by a network of over 500 branches and offices situated across 30 states.

The organization's steadfast commitment to its customers and investors has made it a reputable and reliable institution known for delivering personalized banking services and wealth management resources. Their clientele values the bank's integrity and the comprehensive support it provides, whether that be through in-person interactions or digital access via its nationwide direct banking services.

As First Citizens BancShares continues to make strides in the financial industry, the declared dividends reflect its commitment to shareholders and a promising outlook for the year ahead. With a focus on expanding its market presence and enhancing customer satisfaction, First Citizens Bank plans to stay on its growth trajectory.