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First Citizens Bancshares 5.625% Non-Cumulative Perpetual Preferred Stock, Series B

Originally issued by CIT Group which merged with First Citizens Bancshares on 1/4/2022

Ticker: FCNCO

Parent Ticker: FCNCA

OTC Grey Market Temporary Ticker: CITUP

Issuance Date: 11/07/2019

1st Call Date: 12/15/2024

Maturity Date: None

Shares Issued: 8,000,000

Overallotment Shares: 0

Coupon: 5.625%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.3516

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 15

S&P Rating: BB

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: Ba1

Fitch Rating: NR

Egan-Jones Rating: NR