Company: FCNCB
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001193125-25-283229
Chunk: 10

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 10
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 the laws of the State of Delaware in 1986. Our principal executive office is located at 4300 Six Forks Road, Raleigh, NC 27609, and our telephone number is (919) 716-7000.

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Recent Developments

Pending Branch Acquisition

On October 16, 2025, First Citizens Bank entered into an agreement to acquire 138 branches from BMO Bank N.A. (“BMO Bank”)
located throughout the Midwest, Great Plains and West regions of the U.S. (the “BMO Branch Acquisition”). In connection with the BMO Branch Acquisition, First Citizens Bank expects to assume approximately $5.7 billion in deposit
liabilities and acquire approximately $1.1 billion in loans. BancShares expects the transaction to close in mid-2026, subject to customary closing terms and conditions and regulatory approvals.

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SUMMARY OF THE OFFERING The following summary contains basic information about the Series D Preferred Stock, the depositary shares, and this offering and is not intended to be complete. It does not contain all the information that you should consider before deciding whether to invest in the depositary shares. For a complete understanding of the Series D Preferred Stock and the depositary shares, you should read the sections of this prospectus supplement entitled “Description of the Series D Preferred Stock” and “Description of the Depositary Shares.”

| Issuer | First Citizens BancShares, Inc., a Delaware corporation and a financial holding company. |

| Securities Offered | 500,000 depositary shares, each representing 1/100th ownership interest in a share of 7.000% Series D Non-Cumulative Perpetual Preferred Stock. Each holder of a depositary share will be entitled, through                                          
 the depositary, in proportion to the applicable fraction of a share of the Series D Preferred Stock represented by such depositary share, to all the rights and preferences of the Series D Preferred Stock represented thereby (including dividend, 
 voting, redemption, liquidation, and other rights).                                                                                                                                                                                                  |

| We may, from time to time, elect to issue additional depositary shares representing shares of the Series D Preferred Stock and all such additional shares of Series D Preferred Stock would be deemed to form a single 
 series with the Series D Preferred Stock offered hereby.                                                                                                                                                               |

| Dividends | Dividends on the Series D Preferred Stock will be payable when, as, and if authorized by our board of directors or a duly authorized committee of our