First Citizens BancShares Management

Management criteria checks 2/4

First Citizens BancShares' CEO is Frank Holding, appointed in Jan 2008, has a tenure of 16.25 years. total yearly compensation is $9.96M, comprised of 10.1% salary and 89.9% bonuses, including company stock and options. directly owns 10.46% of the company’s shares, worth €2.54B. The average tenure of the management team and the board of directors is 9.4 years and 17.6 years respectively.

Key information

Frank Holding

Chief executive officer

US$10.0m

Total compensation

CEO salary percentage	10.1%
CEO tenure	16.3yrs
CEO ownership	10.5%
Management average tenure	9.4yrs
Board average tenure	17.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Frank Holding's remuneration changed compared to First Citizens BancShares's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$10m	US$1m	US$11b
Sep 30 2023	n/a	n/a	US$11b
Jun 30 2023	n/a	n/a	US$11b
Mar 31 2023	n/a	n/a	US$10b
Dec 31 2022	US$8m	US$1m	US$1b
Sep 30 2022	n/a	n/a	US$924m
Jun 30 2022	n/a	n/a	US$740m
Mar 31 2022	n/a	n/a	US$650m
Dec 31 2021	US$6m	US$1m	US$529m
Sep 30 2021	n/a	n/a	US$543m
Jun 30 2021	n/a	n/a	US$562m
Mar 31 2021	n/a	n/a	US$563m
Dec 31 2020	US$4m	US$978k	US$478m
Sep 30 2020	n/a	n/a	US$446m
Jun 30 2020	n/a	n/a	US$433m
Mar 31 2020	n/a	n/a	US$403m
Dec 31 2019	US$4m	US$964k	US$457m
Sep 30 2019	n/a	n/a	US$445m
Jun 30 2019	n/a	n/a	US$438m
Mar 31 2019	n/a	n/a	US$411m
Dec 31 2018	US$3m	US$955k	US$400m
Sep 30 2018	n/a	n/a	US$365m
Jun 30 2018	n/a	n/a	US$315m
Mar 31 2018	n/a	n/a	US$356m
Dec 31 2017	US$3m	US$955k	US$324m

Compensation vs Market: Frank's total compensation ($USD9.96M) is above average for companies of similar size in the German market ($USD5.58M).

Compensation vs Earnings: Frank's compensation has increased by more than 20% in the past year.

CEO

Frank Holding (62 yo)

16.3yrs

Tenure

US$9,961,303

Compensation

Mr. Frank Brown Holding, Jr. serves as Director of flyExclusive, Inc. since December 27, 2023. He has been Chairman of First Citizens BancShares, Inc. a banking and investment services company, since Febru...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Frank Holding	Chairman & CEO	16.3yrs	US$9.96m	10.46% $ 2.5b
Hope Bryant	Vice Chairwoman	18.3yrs	US$6.04m	2.77% $ 672.7m
Peter Bristow	President & Director	9.5yrs	US$6.23m	4.26% $ 1.0b
Craig Nix	Chief Financial Officer	9.4yrs	US$5.10m	0.0077% $ 1.9m
Lorie Rupp	Chief Risk Officer	11.1yrs	US$3.43m	no data
Gregory Smith	Chief Information & Operations Officer	less than a year	no data	no data
Deanna Hart	Senior Vice President of Investor Relations	3.2yrs	no data	no data
Matthew G. Martin	Chief Counsel & Corporate Secretary	2.8yrs	no data	no data
Barbara Thompson	Director of Corporate Communications & Brand Marketing	no data	no data	no data
West Ludwig	Executive VP & Chief Human Resources Officer	5.8yrs	no data	no data
Jeffery Ward	Chief Strategy Officer	9.5yrs	US$1.67m	0.0038% $ 918.7k
Douglas Berlon	Senior Vice President	no data	no data	no data

9.4yrs

Average Tenure

57.5yo

Average Age

Experienced Management: FC6A's management team is seasoned and experienced (9.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Frank Holding	Chairman & CEO	31.3yrs	US$9.96m	10.46% $ 2.5b
Hope Bryant	Vice Chairwoman	18.3yrs	US$6.04m	2.77% $ 672.7m
Peter Bristow	President & Director	9.5yrs	US$6.23m	4.26% $ 1.0b
Michael Carpenter	Independent Director	2.3yrs	US$265.00k	0.015% $ 3.7m
John Alexander	Independent Director	34.3yrs	US$220.00k	0.0089% $ 2.2m
Eugene Flood	Independent Director	1.3yrs	US$320.00k	0.00014% $ 33.9k
Robert Newcomb	Lead Independent Director	22.3yrs	US$340.00k	0.0069% $ 1.7m
Victor Bell	Independent Director	22.3yrs	US$265.00k	0.059% $ 14.3m
Harold Durham	Independent Director	21.3yrs	US$277.50k	0.0055% $ 1.3m
Ellen Alemany	Director	2.3yrs	US$12.47m	0.15% $ 37.5m
Robert Mason	Independent Director	17yrs	US$220.00k	0.0038% $ 918.7k
Robert Hoppe	Independent Director	9.5yrs	US$295.00k	0.0022% $ 523.6k

17.6yrs

Average Tenure

67yo

Average Age

Experienced Board: FC6A's board of directors are seasoned and experienced ( 17.6 years average tenure).

First Citizens BancShares Management

Management criteria checks 2/4

Key information

Recent management updates

Director recently sold €4.3m worth of stock

First Citizens BancShares, Inc., Annual General Meeting, May 01, 2024

First Citizens Bank Announces Appoints James Bennett as Executive Director of External Affairs

Vice Chairwoman recently sold €896k worth of stock

First Citizens BancShares, Inc. and First-Citizens Bank & Trust Company Appoint David G. Leitch to its Board of Directors and Audit Committee and Compensation, Nominations and Governance Committee, Effective January 1, 2024

Vice Chairwoman recently sold €2.7m worth of stock

Recent updates

First Citizens BancShares, Inc. Declares Quarterly Dividend, Payable on June 17, 2024

First Citizens BancShares, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Director recently sold €4.3m worth of stock

First Citizens BancShares, Inc. (NasdaqGS:FCNC.A) entered into a definitive purchase agreement to acquire Svb Global Services India LLP from SVB Financial Group (OTCPK:SIVB.Q).

First Citizens BancShares, Inc., Annual General Meeting, May 01, 2024

Full year 2023 earnings released: EPS: US$785 (vs US$67.47 in FY 2022)

Upcoming dividend of US$1.64 per share

Third quarter dividend of US$1.64 announced

First Citizens BancShares, Inc. Provides Net Interest Income Guidance for the First Quarter and Full Year of 2024

First Citizens BancShares, Inc. Provides Net Interest Income Guidance for the First Quarter and Full Year of 2024

First Citizens Bancshares, Inc. Announces Net Charge-Offs Fourth Quarter Ended December 31, 2023

First Citizens Bank Announces Appoints James Bennett as Executive Director of External Affairs

First Citizens BancShares, Inc. to Report Q4, 2023 Results on Jan 26, 2024

Vice Chairwoman recently sold €896k worth of stock

First Citizens BancShares, Inc. and First-Citizens Bank & Trust Company Appoint David G. Leitch to its Board of Directors and Audit Committee and Compensation, Nominations and Governance Committee, Effective January 1, 2024

Upcoming dividend of US$1.64 per share at 0.5% yield

Vice Chairwoman recently sold €2.7m worth of stock

First Citizens BancShares, Inc. Announces Demise of Floyd Keels, Member of Board of Directors

First Citizens BancShares, Inc. Declares Quarterly Dividend, Payable on December 15, 2023

Third quarter 2023 earnings released: EPS: US$50.73 (vs US$19.29 in 3Q 2022)

First Citizens BancShares, Inc. to Report Q3, 2023 Results on Oct 26, 2023

First Citizens BancShares, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$0.75 per share at 0.2% yield

Vice Chairwoman recently sold €2.0m worth of stock

Second quarter 2023 earnings released: EPS: US$46.97 (vs US$14.85 in 2Q 2022)

First Citizens BancShares, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Chairman & CEO recently sold €4.2m worth of stock

Upcoming dividend of US$0.75 per share at 0.2% yield

First Citizens BancShares, Inc. Reports Impairment Charges for the First Quarter Ended March 31, 2023

First quarter 2023 earnings released: EPS: US$654 (vs US$16.73 in 1Q 2022)

Investor sentiment improves as stock rises 56%

Investor sentiment deteriorates as stock falls 17%

Full year 2022 earnings released: EPS: US$67.47 (vs US$53.89 in FY 2021)

Upcoming dividend of US$0.75 per share at 0.4% yield

First Citizens Bancshares, Inc. Declares Dividends on the Company's Class A and Class B Common Stock, Payable on March 15, 2023

Full year 2022 earnings released: EPS: US$67.47 (vs US$53.88 in FY 2021)

First Citizens BancShares, Inc. to Report Q4, 2022 Results on Jan 26, 2023

CFO & Principal Accounting Officer recently bought €51k worth of stock

Upcoming dividend of US$0.75 per share

Third quarter 2022 earnings released: EPS: US$19.29 (vs US$12.17 in 3Q 2021)

First Citizens BancShares, Inc. Announces Board Changes

First Citizens Bancshares, Inc. Declares Quarterly Dividend on Class A and Class B Common Stock, Payable on December 15, 2022

First Citizens BancShares, Inc. to Report Q3, 2022 Results on Oct 27, 2022

Chief Credit Officer recently sold €551k worth of stock

Second quarter 2022 earnings released: EPS: US$15.94 (vs US$15.09 in 2Q 2021)

First Citizens BancShares, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2022

First Citizens BancShares, Inc. to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of US$0.47 per share

Lead Independent Director recently bought €478k worth of stock

CFO & Principal Accounting Officer recently bought €188k worth of stock

First quarter 2022 earnings released: EPS: US$27.61 (vs US$14.54 in 1Q 2021)

First Citizens BancShares, Inc. to Report Q1, 2022 Results on Apr 28, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Insider recently bought €98k worth of stock

Upcoming dividend of US$0.47 per share

CFO & Principal Accounting Officer recently bought €89k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Now 25% undervalued after recent price drop

Upcoming dividend of US$0.47 per share

Third quarter 2021 earnings released: EPS US$12.17 (vs US$14.03 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$15.09 (vs US$14.74 in 2Q 2020)

Upcoming dividend of US$0.47 per share

First quarter 2021 earnings released: EPS US$14.54 (vs US$5.46 in 1Q 2020)

First Citizens BancShares, Inc. Declares A Quarterly Dividend on the Company’s Class A and Class B Common Stock, Payable on May 28, 2021

Chief Strategy Officer recently bought €125k worth of stock

First Citizens BancShares, Inc., Annual General Meeting, Apr 27, 2021

Upcoming Dividend of US$0.47 Per Share

Full year 2020 earnings released: EPS US$47.50 (vs US$41.05 in FY 2019)

New 90-day high: €630