Company: FCNCB
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001193125-25-283229
Chunk: 21

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 21
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 current or accumulated earnings and profits or otherwise, the market value of the depositary shares may decline. S-10

Additional issuances of preferred stock or securities convertible into preferred stock may further dilute existing holders of our Series D Preferred Stock.

We may, in the future, determine that it is advisable, or we may
encounter circumstances where we determine it is necessary, to issue additional shares of preferred stock, securities convertible into or exchangeable for shares of preferred stock, or preferred stock-equivalent securities to fund strategic
initiatives or other business needs or to build additional capital. Our board of directors is authorized to cause us to issue one or more classes or series of preferred stock from time to time without any action on the part of the stockholders. Our
board of directors also has the power, without stockholder approval, to set the terms of any such classes or series of preferred stock that may be issued, including voting rights, dividend rights, and preferences over our Series D Preferred Stock
with respect to dividends or upon our dissolution, winding-up, and liquidation and other terms. Though the approval of a supermajority of the holders of Series D Preferred Stock and any class or series of
preferred stock then outstanding that ranks on a parity with the Series D Preferred Stock and has similar rights, voting together as a single class, with each series or class having a number of votes proportionate to the aggregate liquidation
preference of the outstanding share of such class or series, will be needed to issue any equity security ranking senior to the Series D Preferred Stock, if we issue preferred stock in the future that has a preference over our Series D Preferred
Stock with respect to the payment of dividends or upon liquidation, or if we issue preferred stock with voting rights that dilute the voting power of the Series D Preferred Stock, the rights of holders of our Series D Preferred Stock or the market
price of our Series D Preferred Stock could be adversely affected. The market price of our Series D Preferred Stock could decline as a result of sales of Series D Preferred Stock made after this offering or other offerings, as well as other sales of
a large block of shares of our Series D Preferred Stock or similar securities in the market thereafter, or the perception that such sales could occur. We may need to increase our authorized capital in order to raise such equity capital.

The dividend rate will reset on the First Reset Date and each subsequent reset date and any dividends declared may be less than the initial fixed annual rate of 7.000%