Company: FCNCB
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001193125-25-283229
Chunk: 19

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 19
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 its capital plan, a banking organization subject to annual capital planning requirements such as us is no longer required to request prior approval of the
Federal Reserve to make distributions in excess of those included in its capital plan, provided that the distribution is consistent with distribution limitations included in the Federal Reserve’s capital rules. The capital rules’ buffer
requirements impose increasingly strict automatic limits on capital distributions as a banking organization’s capital ratios decline toward the minimum requirements. Federal and state banking agencies also have the authority to prohibit us
from engaging in an unsafe or unsound practice in conducting its business, which may limit or preclude capital distributions, depending on our financial condition.

A principal source of our liquidity is dividends from First Citizens Bank. Failure to meet any standards applicable to First Citizens Bank, or
other mandatory or discretionary action by regulators, could impact our ability to pay dividends. Federal and state banking agencies also have the authority to prohibit First Citizens Bank from engaging in an unsafe or unsound practice in conducting
its business, which may limit or preclude capital distributions, depending on financial condition. For example, insured depository institutions, such as First Citizens Bank, are prohibited from making capital distributions, including the payment of
dividends if, after making such distributions, the institution would become undercapitalized. Additionally, insured depository institutions that are not considered well-capitalized under the capital rules could be subject to restrictions on
dividends based on the amount of the shortfall. State law also prescribes certain limitations on payment of dividends.

The above or any
future rules, regulations, or capital distribution constraints could adversely affect the ability of First Citizens Bank to pay dividends to us, our ability to pay dividends on the Series D Preferred Stock and your ability to receive distributions
on the depositary shares.

S-9

An active trading market for the Series D Preferred Stock and the related depositary shares does not exist and may not develop or be maintained and the market price and liquidity of the depositary shares may be adversely affected. The Series D Preferred Stock and the related depositary shares are new issues of securities with no established trading market. We do not intend to apply for the listing of the depositary shares on any securities exchange or for inclusion of the depositary shares in any automated dealer quotation system. Currently there is no public market for the depositary shares. Even if a secondary market develops, it may not provide significant liquidity and transaction costs in any secondary market could be high. As a result, the difference between bid and asked prices in any secondary market could