Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 35

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 35
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 only in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof in book-entry form only. See
“—Clearance and Settlement.”

As a bank holding company, our ability to make payments on the senior notes will depend
primarily on the receipt of interest and other distributions from First Citizens Bank. There are various regulatory restrictions on the ability of First Citizens Bank to pay dividends or make other distributions to us. See “Risk
Factors—Payments on the notes will depend on receipt of dividends and distributions from BancShares’ subsidiaries” and “Risk Factors—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” in this prospectus supplement.

No recourse will be available for the payment of principal of, or interest on, any senior note, for any claim based thereon, or otherwise in
respect thereof, against any stockholder, employee, officer, or director of BancShares, any of its subsidiaries or any successor entity. Neither the Senior Indenture nor the senior notes contain any covenants or restrictions restricting the
incurrence of debt, deposits, or other liabilities by us or by our subsidiaries. The Senior Indenture and the senior notes contain no financial covenants and do not restrict us from paying dividends, selling assets, making investments, or issuing or
repurchasing other securities, and do not contain any provision that would provide protection to the holders of the senior notes against a sudden and dramatic decline in credit quality resulting from a merger, takeover, recapitalization, or similar
restructuring or any other event involving us or our subsidiaries that may adversely affect our credit quality.

We do not intend to apply
for the listing of the senior notes on any securities exchange or the quotation of the senior notes on any quotation system.

Interest

From (and including) the date of original issuance (the “senior notes issue date”) to (but excluding) March 12, 2030, or the
date of redemption (the “senior notes fixed rate period”), the senior notes will bear interest at a fixed rate of 5.231% per annum (the “Initial Interest Rate”), payable semi-annually in arrears on March 12 and September 12 of
each year and on any redemption date (each, a “senior notes fixed rate interest payment date”).

S-23

From (and including