First Citizens Bancshares reports 2018 executive compensation

CEO Frank B. Holding, Jr receives $2.8M

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 $1,793,655, a 6% increase compared to previous year.

Average pay of disclosed executives at First Citizens Bancshares

Frank B. Holding, Jr, Chief Executive Officer, received $2,808,424 in total, which decreased by 1% compared to 2017. 65.55% of Holding's compensation, or $1,841,049, was in non-equity incentive plan. Holding also received $955,000 in salary and $12,375 in other compensation.

Peter M. Bristow, President, received a compensation package of $1,658,477, which increased by 19% compared to previous year. 58.29% of the compensation package, or $966,654, was in non-equity incentive plan.

Edward L. Willingham IV, Chief Operating Officer, earned $1,638,950 in 2018, a 5% increase compared to previous year.

Hope H. Bryant, Chairman, received $1,629,029 in 2018, which increases by 15% compared to 2017.

Craig L. Nix, Chief Financial Officer, earned $1,233,397 in 2018, a 1% increase compared to previous year.