Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 26

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 26
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 have an adverse effect on the liquidity and price of the notes. In addition, credit rating agencies periodically review their ratings and ratings methodologies for the companies that they follow, including us and
First Citizens Bank. A negative change in ratings or outlook could have an adverse effect on the liquidity and price of the notes. A credit rating is not a recommendation to buy, sell or hold securities and may be revised, suspended or withdrawn by
the credit rating agency at any time.

We may choose to redeem the notes prior to the senior notes maturity date or subordinated notes maturity date, as applicable, but investors should not expect us to redeem the notes on the date the notes become redeemable or on any particular date after the notes become redeemable.

The notes have no mandatory redemption date, other than on the applicable maturity date, and are not redeemable at the option of investors. By
their terms, the notes may be redeemed by us, at our option, as described below under “Description of Notes—Senior Notes—Redemption” and “Description of Notes—Subordinated Notes—Redemption.” Any decision we
may make at any time to propose a redemption will depend upon, among other things, our evaluation of our capital position, the composition of our stockholders’ equity and general market conditions at that time. Although the notes may contain
provisions designed to compensate you for the lost value of such notes if we redeem some or all of such notes prior to the senior notes maturity date or subordinated notes maturity date or the applicable par call date, such provisions only
approximate this lost value and may not adequately compensate you. Furthermore, depending on prevailing interest rates at the time of any such redemption, you may not be able to reinvest the redemption proceeds in a comparable security (including
with comparable ratings) at an interest rate as high as the interest rate of the notes being redeemed or at an interest rate that would otherwise compensate you for any lost value as a result of any redemption of notes.

The interest rate on the senior notes will reset from fixed to floating rates.

The interest rate on the senior notes will initially be a fixed rate of interest per annum. However, the interest rate during each floating
rate interest period will be reset on the applicable Interest Determination Date such that the applicable per annum interest rate will be equal to the Benchmark (as defined under “Description of Notes”) plus the relevant spread. As a
result, the interest rate in each floating rate interest period may be less than the initial interest rate and/or the interest