Company: FCNCB
Filing Date: 2025-09-02
Form Type: 424B5
Source: 0001193125-25-193496
Chunk: 10

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-09-02
Form: 424B5
Chunk 10
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 consisting of twelve 30-day months. |

S-2

| No Guarantees | The Notes are not guaranteed by any of BancShares’ subsidiaries. As a result, the Notes will be structurally subordinated to the liabilities of BancShares’ subsidiaries as discussed below under “Description of 
 Notes—Ranking; Subordination.”                                                                                                                                                                                    |

| Ranking; Subordination | The Notes will be unsecured and subordinated in right of payment to all of our existing and future Senior Indebtedness (as defined in the Subordinated Indenture and described below under “Description of Notes—Ranking;                           
 Subordination”), will be effectively subordinated in right of payment to all of our existing and future secured indebtedness, to the extent of the value of the collateral securing such indebtedness, will rank equally in right of payment to all 
 of our existing and future indebtedness ranking on a parity with the Notes and will be senior in right of payment to any liabilities and other obligations of BancShares that rank junior to and not equally with or prior to the Notes.            |

| As of June 30, 2025, BancShares’ subsidiaries had, in the aggregate, outstanding debt and other liabilities, including deposits, of approximately $206.79 billion (including intercompany indebtedness).                                  
 This amount included secured indebtedness of $36.46 billion, including a $35.99 billion note issued by First Citizens Bank to the FDIC that matures on March 27, 2028 (the “Purchase Money Note”). All of such debt and other             
 liabilities would rank structurally senior to the Notes in the case of liquidation or otherwise. As of June 30, 2025, BancShares had approximately $750 million of outstanding subordinated debt. The Notes will rank equally in right of 
 payment with such outstanding subordinated debt.                                                                                                                                                                                          |

| The Subordinated Indenture pursuant to which we will issue the Notes does not limit the amount of additional indebtedness ranking senior to or pari passu with the indebtedness evidenced by the Notes that we or 
 our subsidiaries may incur.                                                                                                                                                                                       |

| Form and Denomination | The Notes will be offered in book-entry form only through the facilities of The Depository Trust Company (with its successors, “DTC”) in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. |

| Redemption | We may, at our option, redeem the Notes (i) in whole, but not