Company: FCNCB
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001193125-25-283229
Chunk: 36

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 36
---
 securities may be listed). The Preferred Directors will each be entitled to one vote per director on any matter on which our
directors are entitled to vote.

Under regulations adopted by the Federal Reserve, if the holders of one or more series of preferred stock
are or become entitled to vote for the election of directors, such series entitled to vote for the same director(s) will be deemed a class of voting securities and a company holding 25% or more of the series, or that otherwise exercises a
“controlling influence” over us as a result of acquiring voting securities, will be subject to regulation as a bank holding company under the Bank Holding Company Act of 1956, as amended (the “BHC Act”). In addition, if the
series is/are deemed to be a class of voting securities, any other bank holding company will be required to obtain the prior approval of the Federal Reserve under the BHC Act to acquire or retain more than 5% of that series. Any other person (other
than a bank holding company) generally will be required to obtain the non-objection of the Federal Reserve under the Change in Bank Control Act of 1978, as amended, to acquire or retain 10% or more of that
series. While we do not believe the shares of Series D Preferred Stock are considered “voting securities” currently, holders of such stock should consult their own counsel with regard to regulatory

S-21

implications. A holder or group of holders may also be deemed to control us if they own more than one-thirdof our total equity, both voting and non-voting,aggregating all shares held by the holders across all classes of stock. So long as any shares of Series D Preferred Stock remain outstanding, in addition to any other vote or consent of stockholders required by law or our certificate of incorporation, the affirmative vote or consent of the holders of at least two-thirdsof all of the then-outstanding shares of Series D Preferred Stock entitled to vote thereon, voting separately as a single class, will be required to:

| • |     | authorize, create, issue, or increase the authorized amount of any class or series of our capital stock ranking                                                                                              
 senior to the Series D Preferred Stock with respect to payment of dividends or as to distributions upon our liquidation, dissolution, or winding-up, or issue any obligation or security convertible into or 
 exchangeable for, or evidencing the right to purchase, any such class or series of our capital stock;