Company: FCNCB
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001193125-25-283229
Chunk: 16

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 16
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 any
transactions, subject only to the limited voting rights referred to below under “—Holders of the Series D Preferred Stock will have limited voting rights.”

Dividends on the Series D Preferred Stock are discretionary and non-cumulative.

Dividends on the Series D Preferred Stock are discretionary and non-cumulative. Consequently, if our
board of directors or a duly authorized committee of our board of directors does not authorize and we do not declare full dividends for any dividend period before the related dividend payment date, holders of the Series D Preferred Stock would not
be entitled to receive any dividend or a full dividend, as the case may be, for that dividend period, and the unpaid dividend will cease to accrue and be payable. We will have no obligation to pay dividends accrued for a dividend period after the
dividend payment date for that period if our board of directors or a duly authorized committee of our board of directors has not authorized and we have not declared a dividend before the related dividend payment date, whether or not dividends on our
common stock, our Series A Preferred Stock, our Series B Preferred Stock, our Series C Preferred Stock, or the Series D Preferred Stock are authorized and declared for any future dividend period.

S-7

Investors should not expect us to redeem the Series D Preferred Stock on the date it becomes redeemable at our election or on any particular date after it becomes redeemable at our election.

The Series D Preferred Stock is
a perpetual equity security. This means that it has no maturity or mandatory redemption date and is not redeemable at the option of investors, including the holders of the depositary shares. The Series D Preferred Stock may be redeemed by us at our
option, either in whole or in part, on any dividend payment date on or after the First Reset Date or in whole but not in part, within 90 days following the occurrence of certain regulatory events, each as described below under “Description of
the Series D Preferred Stock—Redemption.” Any decision we may make at any time to propose a redemption of the Series D Preferred Stock will depend upon, among other things, our evaluation of our capital position, the composition of our
stockholders’ equity, applicable law, and general market conditions at that time.

Our right to redeem the Series D Preferred Stock
is subject to limitations. Under the Federal Reserve’s current risk-based capital guidelines applicable to bank holding companies, any redemption of the Series D Preferred Stock is subject to prior approval of the Federal Reserve. We cannot
assure