Company: FCNCB
Filing Date: 2025-09-02
Form Type: 424B5
Source: 0001193125-25-193496
Chunk: 16

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-09-02
Form: 424B5
Chunk 16
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 lien on any of our assets, selling or otherwise disposing of any of our assets, paying dividends, including our regular quarterly dividend on our common and preferred stock, or issuing or repurchasing our
securities, including pursuant to our previously announced share repurchase programs.

In addition, there are no financial covenants in
the Subordinated Indenture. Except as expressly provided in the Subordinated Indenture, holders of the Notes will not be protected under the Subordinated Indenture in the event of a highly leveraged transaction, reorganization, default under our
existing indebtedness, restructuring, merger, or similar transaction. See “Description of Notes—Consolidation, Merger and Sale of Assets.”

Payments on the Notes will depend on receipt of dividends and distributions from BancShares’ subsidiaries.

BancShares is a financial holding company, and it conducts substantially all of its operations through subsidiaries, including First Citizens
Bank. BancShares depends on dividends, distributions, and other payments from its subsidiaries to meet its obligations, which will include funding payments on the Notes, and to provide funds for payment of dividends to its stockholders, to the
extent declared by its Board of Directors. There are various legal limitations applicable to the payment of dividends by First Citizens Bank to BancShares. The

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payment of dividends by First Citizens Bank may be limited by certain factors, such as requirements to maintain capital above regulatory guidelines. Bank regulatory agencies have the authority to
prohibit First Citizens Bank from engaging in an unsafe or unsound practice in conducting their business. The payment of dividends, depending on the financial condition of First Citizens Bank, could be deemed to constitute such an unsafe or unsound
practice. Under the Federal Deposit Insurance Act, 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” (as such term is used in the statute). Additionally, banking organizations that are not considered “well capitalized” under the Basel III capital rules could be subject to
restrictions on dividends, equity repurchases and compensation based on the amount of the shortfall. State law also prescribes certain limitations on payment of dividends. See the information under “Regulatory Considerations—Limitations
on Dividends and Other Payments” in “Item 1. Business” in BancShares’ Annual Report on Form 10-K for the year ended December 31, 2024. For these