Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 67

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 67
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 may adversely affect our credit quality.

We do not intend to apply for the listing of the subordinated notes on any securities exchange or the quotation of the subordinated notes on
any quotation system.

S-41

Interest

From (and including) the date of original issuance (the “subordinated notes issue date”) to (but excluding) , 20 (the
“subordinated notes reset date”) or the date of earlier redemption, the subordinated notes will bear interest at an initial fixed rate of % per annum. From (and including) the subordinated notes reset date to
(but excluding) the subordinated notes maturity date or the date of earlier redemption, the subordinated notes will bear interest at a fixed rate per annum that will be the Five-year U.S. Treasury Rate as of the day falling two Business Days prior
to the subordinated notes reset date (the “subordinated notes reset determination date”), plus basis points per annum. Interest on the subordinated notes will be payable semi-annually in arrears
on and of each year and on the subordinated notes maturity date and any redemption date (each, a “subordinated notes interest payment date”), commencing on ,
2025, and ending on the subordinated notes maturity date or date of earlier redemption.

The “Five-year U.S. Treasury Rate”
means, as of the subordinated notes reset determination date, the average of the yields on actively traded United States Treasury securities adjusted to constant maturity, for five-year maturities, for the
five Business Days immediately preceding the subordinated notes reset determination date appearing under the caption “Treasury Constant Maturities” in the most recently published statistical release designated H.15 or any successor
publication which is published by the Federal Reserve as of 5:00 p.m. (Eastern Time) as of any date of determination, as determined by the calculation agent in its sole discretion. If no calculation is provided as described above, then the
calculation agent will notify us and we (or our designee), after consulting such sources as we (or our designee) deem comparable to the foregoing calculations, or any such source as we (or our designee) deem reasonable from which to estimate the
five-year treasury rate, shall determine the Five-year U.S. Treasury Rate in our sole discretion, provided that if we (or our designee) determine there is an industry-accepted successor Five-year U.S. Treasury Rate, then we (or our designee) shall
use such