First Citizens Bancshares CEO Frank Holding's 2018 pay slips 1% to $2.8M

First Citizens Bancshares reports 2018 executive compensation

Published: March 11, 2019

First Citizens Bancshares reported fiscal year 2018 executive compensation information on March 11, 2019.

In 2018, five executives at First Citizens Bancshares received on average a compensation package of $1.8M, a 6% increase compared to previous year.

Average pay of disclosed executives at First Citizens Bancshares

Frank B. Holding, Jr, Chief Executive Officer, received $2.8M in total, which decreased by 1% compared to 2017. 65.55% of Holding's compensation, or $1.8M, was in non-equity incentive plan. Holding also received $955K in salary and $12.4K in other compensation.

Peter M. Bristow, President, received a compensation package of $1.7M, which increased by 19% compared to previous year. 58.29% of the compensation package, or $966.7K, was in non-equity incentive plan.

Edward L. Willingham IV, Chief Operating Officer, earned $1.6M in 2018, a 5% increase compared to previous year.

Hope H. Bryant, Chairman, received $1.6M in 2018, which increases by 15% compared to 2017.

Craig L. Nix, Chief Financial Officer, earned $1.2M in 2018, a 1% increase compared to previous year.