Company: FCNCB
Filing Date: 2025-09-02
Form Type: 424B5
Source: 0001193125-25-193496
Chunk: 17

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-09-02
Form: 424B5
Chunk 17
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 reasons, BancShares may not have
access to any assets or cash flow of its subsidiaries to make principal or interest payments on the Notes.

We may not be able to generate sufficient cash to service all of our debt, including the Notes.

BancShares’ ability to make scheduled payments of principal
and interest, or to satisfy its obligations in respect of its debt or to refinance its debt, will depend on the future performance of our operating subsidiaries. Prevailing economic conditions (including interest rates), regulatory constraints,
including, without limitation, limiting distributions to BancShares from First Citizens Bank and required capital levels with respect to First Citizens Bank and financial, business, and other factors, many of which are beyond our control, will also
affect our ability to meet these needs. BancShares’ subsidiaries may not be able to generate sufficient cash flows from operations, or we may be unable to obtain future borrowings in an amount sufficient to enable us to pay our debt, or to
fund our other liquidity needs. We may need to refinance all or a portion of our debt on or before maturity. We may not be able to refinance any of our debt when needed (including, without limitation, upon commencement of the Reset Date) on
commercially reasonable terms or at all.

Regulatory requirements may restrict our ability to pay the principal of, and accrued and unpaid interest on, the Notes, regardless of whether we are the subject of an insolvency proceeding.

Pursuant to federal law and Federal Reserve
regulations, as a bank holding company, BancShares is required to act as a source of financial and managerial strength to First Citizens Bank and commit resources to its support, including, without limitation, the guarantee of its capital plans if
it is undercapitalized. Such support may be required at times when we may not otherwise be inclined or able to provide it. As a result of the foregoing, we may be unable to pay accrued interest on the Notes on one or more of the scheduled Interest
Payment Dates, or at any other time, or the principal of the Notes at the maturity of the Notes.

If we were to be the subject of a
bankruptcy proceeding under Chapter 11 of the U.S. Bankruptcy Code, then the bankruptcy trustee would be deemed to have assumed and would be required to immediately cure any deficit under any commitment we have to any of the federal banking agencies
to maintain the capital of First Citizens Bank, and any other insured depository institution for which we have such a responsibility, and any claim for