Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 27

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 27
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 rate that applies immediately prior to the relevant Interest Determination Date, which would affect the amount of any
interest payments under the senior notes and, by extension, could affect their market value.

S-15

The interest rate on the subordinated notes will reset on the subordinated notes reset date and may result in an interest rate that is less than the initial fixed annual rate of % in effect until the subordinated notes reset date.

The interest rate on the subordinated notes on and after the subordinated notes reset date will equal the Five-year U.S. Treasury Rate as of
the subordinated notes reset determination date, plus basis points per annum. Therefore, the interest rate on the subordinated notes on and after the subordinated notes reset date could be more or less than the initial
fixed rate of %. We have no control over the factors that may affect U.S. Treasury Rates, including geopolitical conditions and economic, financial, political, regulatory, judicial or other events that may impact U.S.
Treasury Rates.

The historical Five-year U.S. Treasury Rates are not an indication of future Five-year U.S. Treasury Rates.

In the past, U.S. Treasury Rates have experienced significant fluctuations. You should note that historical levels, fluctuations and trends of
U.S. Treasury Rates are not necessarily indicative of future levels. Any historical upward or downward trend in U.S. Treasury Rates is not an indication that U.S. Treasury Rates are more or less likely to increase or decrease at any time, and you
should not take the historical U.S. Treasury Rates as an indication of future rates.

Holders of the notes could be at greater risk for being structurally subordinated if we sell or convey all or substantially all of our assets to one or more of our majority-owned subsidiaries.

If we sell or convey all or substantially all of our assets to one or more of our direct or indirect majority-owned subsidiaries, under the
Senior Indenture and the Subordinated Indenture, such subsidiary or subsidiaries will not be required to assume our obligations under the notes, and we will remain the sole obligor on the notes. In such event, creditors of any such subsidiary or
subsidiaries would have additional assets from which to recover on their claims while holders of the notes would be structurally subordinated to creditors of such subsidiary or subsidiaries with respect to such assets. See “Description of
Notes—Senior Notes—Consolidation, Merger and Sale of Assets” and “Description of Notes—Subordinated Notes—Consolidation,