Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 14

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 14
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 a complete understanding of the subordinated notes, you should read the section of this prospectus supplement titled “Description of Notes—Subordinated Notes.”

| Issuer | First Citizens BancShares, Inc., a Delaware corporation and a financial holding company. |

| Notes Offered | $   aggregate principal amount of   % Fixed-to-Fixed Rate Subordinated Notes due 20  (the “subordinated notes”). |

| Issue Date | , 2025 (the “subordinated notes issue date”). |

| Maturity Date | The subordinated notes will mature on   , 20  (the “subordinated notes maturity date” and, together with the senior notes maturity date, each a “maturity date”), unless previously redeemed in whole or 
 in part as described below under “Description of Notes—Subordinated Notes—Redemption.”                                                                                                                   |

| Interest Rate | From (and including) the subordinated notes issue date to (but excluding)   , 20   (the “subordinated notes reset date”) or the date of earlier redemption, interest will accrue on the subordinated notes at a 
 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, interest will accrue on the subordinated notes at a rate per annum which          
 will be the Five-year U.S. Treasury Rate (as defined herein) 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 Payment Dates | Interest will be payable semi-annually in arrears on each    and   , commencing on   , 2025, and ending on the subordinated notes maturity date or on any redemption date (each, a “subordinated notes 
 interest payment date”).                                                                                                                                                                               |

| Business Day Convention |

| If any subordinated notes interest payment date is not a Business Day, payment of principal and interest will be postponed to the next day that is a Business Day, but interest on that payment will not accrue during the 
 period from and after the originally scheduled subordinated notes interest payment date.                                                                                                                                   |

| Record Date | The fifteenth calendar day (whether or not a Business Day) preceding the related