GlobeNewswire Inc | Jan 26, 2021 04:15PM EST

January 26, 2021

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 companys 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 companys 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 ThompsonFirst Citizens BancShares919-716-2716