FCNCP

This is a preferred stock security issued by First Citizens BancShares, Inc. that provides holders with preferential dividend rights and priority over common stockholders in asset distribution. Preferred shares typically pay fixed dividends at regular intervals and have characteristics of both equity and debt securities. Bank preferred stocks are often issued as part of capital management strategies and may count toward regulatory capital requirements. These securities generally do not carry voting rights but offer investors income-oriented investment characteristics with less price volatility than common stock, though they remain sensitive to interest rate changes and the issuer's financial condition.