Company: FCNCB
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-195116
Chunk: 10

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-09-04
Form: 424B5
Chunk 10
---
 of our existing and future indebtedness ranking on a parity with the Notes and will be senior in right of payment to any liabilities and other obligations of BancShares that rank junior to and not equally with or prior to the Notes.            |

| As of June 30, 2025, BancShares’ subsidiaries had, in the aggregate, outstanding debt and other liabilities, including deposits, of approximately $206.79 billion (including intercompany indebtedness).                                  
 This amount included secured indebtedness of $36.46 billion, including a $35.99 billion note issued by First Citizens Bank to the FDIC that matures on March 27, 2028 (the “Purchase Money Note”). All of such debt and other             
 liabilities would rank structurally senior to the Notes in the case of liquidation or otherwise. As of June 30, 2025, BancShares had approximately $750 million of outstanding subordinated debt. The Notes will rank equally in right of 
 payment with such outstanding subordinated debt.                                                                                                                                                                                          |

| The Subordinated Indenture pursuant to which we will issue the Notes does not limit the amount of additional indebtedness ranking senior to or pari passu with the indebtedness evidenced by the Notes that we or 
 our subsidiaries may incur.                                                                                                                                                                                       |

| Form and Denomination | The Notes will be offered in book-entry form only through the facilities of The Depository Trust Company (with its successors, “DTC”) in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. |

| We may also redeem the Notes in whole, but not in part, at any time prior the Maturity Date if (i) a change or                                                    
 prospective change in law occurs that could prevent us from deducting interest payable on the Notes for U.S. federal income tax purposes, (ii) a subsequent event |

S-3

| occurs that could preclude the Notes from being recognized as Tier 2 Capital for regulatory capital purposes, or (iii) BancShares is required to register as an investment company under                                           
 the Investment Company Act of 1940, as amended (the “Investment Company Act”), in each case, at a redemption price equal to 100% of the principal amount of the Notes, plus any accrued and unpaid interest to (but excluding) the 
 redemption date.                                                                                                                                                                                                                   |

| Any redemption is subject to obtaining the prior approval of the Federal Reserve to the extent such approval is then required under the capital adequ