Company: FCNCB
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001193125-25-283229
Chunk: 46

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 46
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stantial risk that we will not be entitled to treat the full liquidation preference amount of our Series A
Preferred Stock, Series B Preferred Stock, or Series C Preferred Stock, as applicable, then outstanding as additional Tier 1 capital (or its equivalent) for purposes of the capital adequacy rules or regulations of the Federal Reserve as then in
effect and applicable, for as long as any share of our Series A Preferred Stock, Series B Preferred Stock, or Series C Preferred Stock, as applicable, is outstanding. “Appropriate federal banking agency” means the “appropriate
federal banking agency” with respect to us as that term is defined in Section 3(q) of the Federal Deposit Insurance Act or any successor provision.

Under regulations currently applicable to us, we may not exercise our option to redeem any shares of preferred stock without obtaining the
prior approval of the Federal Reserve. Under such regulations, unless the Federal Reserve authorizes us to do otherwise in writing, we may not redeem our Series A Preferred Stock, Series B Preferred Stock or Series C Preferred Stock unless it is
replaced with other Tier 1 capital instruments or unless we can demonstrate to the satisfaction of the Federal Reserve that, following redemption, we will continue to hold capital commensurate with our risk.

Except as provided below and as determined by our board of directors or a duly authorized committee of our board of directors or as otherwise
expressly required by law, the holders of our Series A Preferred Stock have no voting rights.

S-28

If dividends on any shares of the Series A Preferred Stock or any special voting preferred stock have not been declared and paid for an aggregate amount equal to the amount of dividends payable on the Series A Preferred Stock as contemplated herein for any dividend periods that, in the aggregate, equal 18 months, whether or not for consecutive dividend periods (which we refer to as a “Nonpayment Event”), the holders of the Series A Preferred Stock, voting together as a class with holders of any special voting preferred stock then outstanding, will be entitled to vote (based on respective liquidation preferences) for the election of a total of two additional members of our board of directors. These voting rights will continue until full dividends have been paid (or declared and a sum sufficient for the payment of such dividends has been set aside for payment) on the Series A Preferred Stock and such special voting preferred stock for dividend periods that in the aggregate equal at least 12 consecutive months following the Nonpayment Event. So long as any shares of our Series A Preferred Stock remain outstanding