#United States #Raleigh #dividends #Banking #First Citizens

First Citizens BancShares Announces New Dividend Payments for Shareholders

First Citizens BancShares Declares Dividends

In a recent announcement, First Citizens BancShares, Inc. (Nasdaq: FCNCA) has revealed that its Board of Directors has declared significant dividends on its common and preferred stock. This decision underscores the company's commitment to rewarding its shareholders, reflecting financial strength and stability.

These dividends are scheduled for payment on June 16, 2025, to shareholders who hold shares as of May 30, 2025. This distribution will impact various classes of stock, including several types of preferred shares.

Details of the Dividends

The company outlined the dividends as follows:

- Common Stock Dividend: A quarterly dividend of $1.95 per share on both Class A and Class B common stock.
- Preferred Stock Series A: A regular quarterly dividend of $13.4375 per share on its 5.375% non-cumulative perpetual preferred stock, Series A. This results in a distribution of $0.335938 per depositary share.
- Preferred Stock Series B: Shareholders will receive $21.56925 per share on the fixed-to-floating rate non-cumulative perpetual preferred stock, Series B.
- Preferred Stock Series C: For the 5.625% non-cumulative perpetual preferred stock, Series C, a quarterly dividend of $0.351563 will be paid.

About First Citizens BancShares

First Citizens BancShares, Inc. ranks as one of the top 20 financial institutions in the United States, boasting over $200 billion in assets and a place on the Fortune 500 list. Based in Raleigh, North Carolina, the company operates through First-Citizens Bank and Trust Company, which has cultivated a longstanding tradition of financial reliability and progressive thinking across generations.

The bank offers a comprehensive range of banking services through a nationwide network of branches and offices. Its services include commercial banking solutions, exceptional lending opportunities, wealth management, and innovation banking tailored to businesses at all development stages. Furthermore, First Citizens emphasizes personalized service to help customers achieve their financial goals.

Conclusion

Declaring these dividends not only reinforces First Citizens BancShares’s robust financial position but also illustrates its commitment to creating value for its shareholders. As June approaches, investors can look forward to these payments as a testament to the company's continued success and stability in the dynamic financial industry. The faith in the company's management and growth strategies will likely enhance confidence among current and potential investors alike, positioning First Citizens BancShares as a preferred choice in banking investments.

For more information on First Citizens BancShares, visit their official website.