Company: FCNCB
Filing Date: 2025-09-04
Form Type: 424B5
Source: 0001193125-25-195116
Chunk: 13

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-09-04
Form: 424B5
Chunk 13
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 Notes are exclusively obligations of BancShares and not those of its
subsidiaries. BancShares is a bank holding company that conducts substantially all of its operations through its bank and non-bank subsidiaries. As a result, BancShares’ ability to make payments on the
Notes will depend primarily upon the receipt of dividends and other distributions from its subsidiaries. If BancShares does not receive sufficient cash dividends and other distributions from its subsidiaries, it is unlikely that it will have
sufficient funds to make payments on the Notes.

BancShares’ subsidiaries are separate and distinct legal entities.
BancShares’ subsidiaries have no obligation to pay any amounts due on the Notes or to provide BancShares with funds to pay its obligations on the Notes, whether by dividends, distributions, loans or other payments. In addition, any dividend
payments, distributions, loans or advances to BancShares by its subsidiaries in the future will require the generation of future earnings by its subsidiaries and may require regulatory approval. There are statutory and regulatory limitations on the
payment of dividends by First Citizens Bank to BancShares. First Citizens Bank may not, without prior regulatory approval, pay a dividend in an amount greater than its undivided profits. If First Citizens Bank is unable to make dividend payments to
BancShares and sufficient capital is not otherwise available, BancShares may not be able to make principal and interest payments on its debt, including the Notes.

In addition, BancShares’ right to participate in any distribution of assets of any of its subsidiaries upon the subsidiary’s
liquidation or otherwise will generally be subject to the prior claims of creditors of that subsidiary. Your ability as a holder of the Notes to benefit indirectly from that distribution will also be subject to these prior claims. The Notes are not
guaranteed by any of BancShares’ subsidiaries. As a result, the Notes will be structurally subordinated to all existing and future liabilities and obligations of BancShares’ subsidiaries, including deposits, which means that
BancShares’ subsidiaries’ creditors will be paid from BancShares’ subsidiaries’ assets before holders of the Notes would have any claims to those assets. Therefore, you should look only to BancShares’ assets for
payments on the Notes. At June 30, 2025, the aggregate amount of all debt and other liabilities of BancShares’ subsidiaries, including deposits, was approximately $206.79 billion (including intercompany indebtedness).
BancShares’ subsidiaries may incur additional debt and liabilities in the future, all of which would rank structurally senior to the