Company: FCNCB
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001193125-25-283229
Chunk: 17

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 17
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 you that the Federal Reserve will approve any redemption of the Series D Preferred Stock that we may propose.

Holders of the Series D Preferred Stock will have limited voting rights.

Holders of the Series D Preferred Stock will have no voting rights with respect
to matters that generally require the approval of voting stockholders. Holders of the Series D Preferred Stock will have voting rights only as specifically required by the terms of the Series D Preferred Stock, as described below under
“Description of the Series D Preferred Stock—Voting Rights.” Holders of depositary shares must act through the depositary to exercise any voting rights of the Series D Preferred Stock.

Our ability to pay dividends depends upon the results of operations of our subsidiaries.

We are a holding company that conducts substantially all of our operations through our bank and
non-bank subsidiaries. As a result, our ability to make dividend payments on the Series D Preferred Stock will depend primarily upon the receipt of dividends and other distributions from our subsidiaries. If
we do not receive sufficient cash dividends and other distributions from our subsidiaries, it is unlikely that we will have sufficient funds to make dividend payments on the Series D Preferred Stock.

Our subsidiaries are separate and distinct legal entities. Our subsidiaries have no obligation to provide us with funds to make dividend
payments on the Series D Preferred Stock, whether by dividends, distributions, loans, or other payments. In addition, any dividend payments, distributions, loans, or advances to us by our subsidiaries in the future will require the generation of
future earnings by our subsidiaries and may require regulatory approval. There are statutory and regulatory limitations on the payment of dividends by First Citizens Bank to us, as well as by us to our stockholders. First Citizens Bank may not,
without prior regulatory approval, pay a dividend in an amount greater than its undivided profits. If First Citizens Bank is unable to make dividend payments to us and sufficient capital is not otherwise available, we may not be able to make
dividend payments on the Series D Preferred Stock.

In addition, our right to participate in any distribution of assets of any of our
subsidiaries upon the subsidiary’s liquidation or otherwise will generally be subject to the prior claims of creditors of that subsidiary. Your ability as a holder of the depositary shares representing the Series D Preferred Stock to benefit
indirectly from that distribution also will be subject to these prior claims. As a result, the Series D Preferred Stock will be structurally subordinated to all existing and future liabilities and obligations of our subsidiaries, including deposits.