Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 10

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 10
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 of days elapsed. The amount of interest accrued on the senior notes for each floating rate interest period will be                                                         
 computed by multiplying (i) the outstanding principal amount of the senior notes by (ii) the product of (a) the interest rate for that interest period multiplied by (b) the quotient of the actual number of calendar days in that 
 interest period divided by 360.                                                                                                                                                                                                     |

| Indenture | The senior notes offered by this prospectus supplement will be issued by BancShares under a senior indenture between us and U.S. Bank Trust Company, 
 National Association, as trustee (the “Trustee”), to                                                                                                 |

S-3

| No Guarantees | The senior notes will not be guaranteed by any of our subsidiaries. As a result, the senior notes will be structurally subordinated to the liabilities of BancShares’ subsidiaries as discussed below under “Description of 
 Notes—Senior Notes—Ranking; Structural Subordination.”                                                                                                                                                                      |

| Ranking; Structural Subordination | The senior notes will be unsecured and unsubordinated obligations, will rank equally in right of payment with all of our other unsecured and unsubordinated indebtedness, will rank senior in right of payment to our existing and future               
 subordinated indebtedness, including the subordinated notes, will be effectively subordinated in right of payment to our future secured indebtedness, to the extent of the value of the collateral securing such indebtedness, and will be structurally 
 subordinated to the existing and future indebtedness of BancShares’ subsidiaries.                                                                                                                                                                       |

| As of December 31, 2024, BancShares’ subsidiaries had, in the aggregate, outstanding debt and other liabilities, including deposits, of approximately $201.64 billion (including intercompany indebtedness).                                
 All of such debt and other liabilities would rank structurally senior to the senior notes in case of liquidation or otherwise. This amount includes secured indebtedness of $36.36 billion, including a $35.99 billion note issued by First 
 Citizens Bank to the FDIC in connection with the SVBB Acquisition that matures on March 27, 2028 (the “Purchase Money Note”).                                                                                                               |

| The Senior Indenture pursuant to which we will issue the senior notes does not limit the amount of additional indebtedness BancShares or its subsidiaries may incur. |

| Form and Denomination | The senior notes will be offered in book-entry form only through the facilities of The Depository Trust Company (with its successors, “DTC”) in