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

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-09-02
Form: 424B5
Chunk 25
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Interest accruing on the Notes shall be calculated on the basis of a 360-day year consisting of
twelve 30-day months. Dollar amounts resulting from that calculation will be rounded to the nearest cent, with one-half cent being rounded upward.

If any Interest Payment Date falls on a date that is not a Business Day, payment of principal and interest will be postponed to the next day
that is a Business Day, but interest on that payment will not accrue during the period from and after the interest payment date.

The
regular record dates for the Notes will be the fifteenth calendar day preceding each Interest Payment Date, whether or not a Business Day.

Ranking; Subordination

The Notes will be unsecured, subordinated obligations of BancShares. The Notes will rank equally in right of payment and
upon our liquidation with all of our existing and future indebtedness, the terms of which provide that such indebtedness ranks equally with the Notes, and senior in right of payment and upon our liquidation to any of our future indebtedness, the
terms of which provide that such indebtedness ranks junior in right of payment to the Notes. Our obligation to make any payment on account of the Notes will be subordinated in right of payment and junior to our Senior Indebtedness (as defined
below). The Notes will be effectively subordinated in right of payment to all of our existing and future secured indebtedness of BancShares to the extent of the value of the collateral securing such indebtedness.

S-14

The Notes will not be guaranteed by any of our subsidiaries, including First Citizens Bank, which is our principal subsidiary, and as a result the Notes will be structurally subordinated to all of the existing and future indebtedness of our subsidiaries, including without limitation First Citizens Bank’s depositors, liabilities to general creditors, and liabilities arising in the ordinary course of business or otherwise, which means that such creditors generally will be paid from those subsidiaries’ assets before holders of the Notes would have any claim to those assets. The Subordinated Indenture and the Notes do not limit the amount of Senior Indebtedness, secured indebtedness, or other liabilities having priority over, or ranking equally with, the Notes that we or our subsidiaries may hereafter incur. As of June 30, 2025, on a consolidated basis, the Company’s liabilities totaled approximately $207.36 billion, which included approximately $159.94 billion of deposit liabilities, $500 million of the existing senior notes, $750 million of