Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 21

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 21
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 limitations on our ability to incur additional indebtedness, grant or incur a lien on our assets, sell or otherwise dispose of assets, pay dividends, or repurchase our capital stock.

Neither BancShares
nor any of its subsidiaries is restricted from incurring additional indebtedness or other liabilities, including additional senior or subordinated indebtedness, under the Senior Indenture or Subordinated Indenture. If we incur additional
indebtedness or liabilities, BancShares’ ability to pay its obligations on the notes could be adversely affected. We expect that we will, from time to time, incur additional indebtedness and other liabilities. In addition, we are not restricted
under the Senior Indenture or the Subordinated Indenture from granting or incurring a lien on any of our assets, selling or otherwise disposing of any of our assets, paying dividends, including our regular quarterly dividend on our common and
preferred stock, or issuing or repurchasing our securities, including pursuant to our previously announced share repurchase program.

In
addition, there are no financial covenants in the Senior Indenture or Subordinated Indenture. Except as expressly provided in the Senior Indenture or Subordinated Indenture, the holders of notes will not be protected under the Senior Indenture or
Subordinated Indenture in the event of a highly leveraged transaction, reorganization, default under our existing indebtedness, restructuring, merger, or similar transaction that may adversely affect the holders of the notes. See “Description
of Notes—Senior Notes—Consolidation, Merger and Sale of Assets” and “Description of Notes—Subordinated Notes—Consolidation, Merger and Sale of Assets.”

Payments on the notes will depend on receipt of dividends and distributions from BancShares’ subsidiaries.

BancShares is a financial holding company, and it conducts substantially all of its operations through subsidiaries, including First Citizens
Bank. BancShares depends on dividends, distributions, and other payments from its subsidiaries to meet its obligations, including to fund payments on the notes, and to provide funds for payment of dividends to its stockholders, to the extent
declared by its Board of Directors. There are various legal limitations applicable to the payment of dividends by First Citizens Bank to BancShares. The payment of dividends by First Citizens Bank may be limited by certain factors, such as
requirements to maintain capital

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above regulatory guidelines. Bank regulatory agencies have the authority to prohibit First Citizens Bank from engaging in an unsafe or uns