The chief executive officer of Raleigh-based First Citizens Bancshares Inc. received $2.8 million in total compensation in 2018, down slightly from a year earlier, according to a filing with the Securities and Exchange Commission.

Frank B. Holding Jr., who has been CEO since 2008, received the same base salary of $955,000 for both 2017 and 2018.

His nonequity incentive plan compensation rose to $1.84 million in 2018 from $1.4 million.

However, he saw no increase in the value of his pension plan in 2018 after seeing a $482,000 increase in 2017.

Holding’s base salary is slated to increase to $967,100 in 2019, a 1.3 percent increase, according to the filing.

Chief Financial Officer Craig L. Nix received $1.23 million in total compensation in 2018, up slightly from the $1.22 million he received in 2017. His base salary increased to $600,000 in 2018 from $587,500 in 2017.

Raleigh-based First Citizens expanded its geographic footprint in 2018 with acquisitions. Its latest deal was announced in November, when it agreed to acquire Coconut Grove, Florida-based Biscayne Bancshares Inc., which has four locations.

First Citizens Bank, founded in 1898, has over 550 branches in 19 states.

First Citizens Bank is a subsidiary of First Citizens BancShares, which has $35 billion in assets.

The company’s annual meeting will be held April 30 at 9 a.m. at 4300 Six Forks Road in Raleigh.

Its stock closed Tuesday at $424.48, down $4.14.