Company: FCNCB
Filing Date: 2025-09-02
Form Type: 424B5
Source: 0001193125-25-193496
Chunk: 13

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-09-02
Form: 424B5
Chunk 13
---
 in the Notes involves certain risks. You should carefully consider the risks described below and the risk factors included in our Annual Report on Form 10-Kfor the year ended December 31, 2024, as updated by our Quarterly Reports on Form 10-Qfor subsequent periods, as well as the other information included or incorporated by reference in this prospectus supplement and the accompanying prospectus, before making an investment decision. Our business, financial condition, results of operations, or prospects could be materially adversely affected by any of these risks. This prospectus supplement also contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in any forward-looking statements as a result of certain factors, including the risks faced by us described below and elsewhere in this prospectus supplement and the accompanying prospectus.

The Notes are BancShares’ obligations, not obligations of any of BancShares’ subsidiaries, and as such will be structurally subordinated to the claims of its subsidiaries’ creditors.

The Notes are exclusively obligations of BancShares and not those of its
subsidiaries. BancShares is a bank holding company that conducts substantially all of its operations through its bank and non-bank subsidiaries. As a result, BancShares’ ability to make payments on the
Notes will depend primarily upon the receipt of dividends and other distributions from its subsidiaries. If BancShares does not receive sufficient cash dividends and other distributions from its subsidiaries, it is unlikely that it will have
sufficient funds to make payments on the Notes.

BancShares’ subsidiaries are separate and distinct legal entities.
BancShares’ subsidiaries have no obligation to pay any amounts due on the Notes or to provide BancShares with funds to pay its obligations on the Notes, whether by dividends, distributions, loans or other payments. In addition, any dividend
payments, distributions, loans or advances to BancShares by its subsidiaries in the future will require the generation of future earnings by its subsidiaries and may require regulatory approval. There are statutory and regulatory limitations on the
payment of dividends by First Citizens Bank to BancShares. First Citizens Bank may not, without prior regulatory approval, pay a dividend in an amount greater than its undivided profits. If First Citizens Bank is unable to make dividend payments to
BancShares and sufficient capital is not otherwise available, BancShares may not be able to make principal and interest payments on its debt, including the Notes.

In addition, BancShares’ right to participate in any distribution of assets of any of its subsidiaries upon the subsidiary’s
liquidation or