Company: FCNCB
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001193125-25-283229
Chunk: 12

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 12
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 succeeding dividend period.                                                                                                                                                |

| Redemption | We may redeem the Series D Preferred Stock at our option, (i) in whole or in part, from time to time, on any dividend payment date on or after the First Reset Date or (ii) in whole but not in part, within 90 days following a regulatory  
 capital treatment event (as defined under “Description of the Series D Preferred Stock—Redemption upon a Regulatory Capital Treatment Event”), in each case, at a redemption price equal to $100,000 per share (equivalent to $1,000         
 per depositary share), plus any authorized, declared, and unpaid dividends, and (x) in the case of our optional redemption, without accumulation of undeclared dividends, and (y) in the case of a redemption following a regulatory capital 
 treatment event, the pro-rated portion of dividends, whether or not declared, for the dividend period in which such redemption occurs. If we redeem the Series D Preferred Stock, the depositary will redeem a                               
 proportional number of depositary shares. Neither the holders of Series D Preferred Stock nor holders of depositary shares will have the right to require the redemption or repurchase of the Series D Preferred Stock.                      |

| Any redemption of the Series D Preferred Stock is subject to our receipt of any required prior approval by the Federal Reserve and to the satisfaction of any conditions set forth in the capital standards, guidelines, or 
 regulations of the Federal Reserve applicable to redemption of the Series D Preferred Stock.                                                                                                                                |

| Maturity | The Series D Preferred Stock does not have a maturity date, and we are not required to redeem the Series D Preferred Stock. Accordingly, the Series D Preferred Stock and the related depositary shares will remain outstanding indefinitely, unless 
 and until we decide to redeem it.                                                                                                                                                                                                                    |

S-4

| Liquidation Rights | Upon our voluntary or involuntary liquidation, dissolution, or winding-up, holders of the Series D Preferred Stock will be entitled to receive, out of our assets that are legally available for distribution                                          
 to stockholders, before any distribution is made to holders of our common stock or other junior securities, a liquidating distribution in the amount of $100,000 per share of the Series D Preferred Stock (equivalent to $1,000 per depositary share) 
 plus any authorized and declared but unpaid dividends, without accumulation of any undeclared dividends.                                                                                                                                               |

| After payment of the full amount of the liquidating distributions to which they are entitled, the holders of the Series