Company: FCNCB
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001193125-25-283229
Chunk: 24

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 24
---
 |   |             — |   |     |   |           493 |   |
| Common stock:                                                                          |                                                       |   |               |   |     |   |               |   |
| Class A - $1 par value; 32,000,000 shares authorized; and 11,613,444 shares issued and 
 outstanding                                                                            |                                                       |   |            12 |   |     |   |            12 |   |
| Class B - $1 par value; 2,000,000 shares authorized; and 1,005,185 shares issued and   
 outstanding                                                                            |                                                       |   |             1 |   |     |   |             1 |   |
| Additional paid in capital                                                             |                                                       |   |           270 |   |     |   |           270 |   |
| Retained earnings                                                                      |                                                       |   |        20,866 |   |     |   |        20,866 |   |
| Accumulated other comprehensive loss                                                   |                                                       |   |           (44 | ) |     |   |           (44 | ) |
| Total stockholders’ equity                                                             |                                                       |   |        21,986 |   |     |   |        22,479 |   |
| Total liabilities and equity                                                           |                                                       | $ |       233,488 |   |     | $ |       233,981 |   |

S-13

USE OF PROCEEDS

We expect to receive net proceeds from this offering of approximately $493 million after the deduction of the underwriting discount and
estimated offering fees and expenses payable by us. We intend to use the net proceeds of the offering for general corporate purposes. The precise amounts and timing of the application of proceeds will depend on the requirements of BancShares and its
subsidiaries and affiliates.

S-14

DESCRIPTION OF THE SERIES D PREFERRED STOCK

This prospectus supplement summarizes specific terms and provisions of the Series D Preferred Stock. Terms that apply generally to our preferred stock are described under “Description of BancShares’ Stock—Preferred Stock.” The following summary of the terms and provisions of the Series D Preferred Stock does not purport to be complete and is qualified in its entirety by reference to the pertinent sections of our certificate of incorporation, which we have previously filed with the SEC, and the certificate of designation, which will be included as an exhibit to documents that we file with the SEC. If any information regarding the Series D Preferred Stock contained in our certificate of