Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 20

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 20
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, if, after making such distributions, the institution would become “undercapitalized” (as such term is used in the statute). Additionally, banking organizations that are not considered well capitalized under the Basel III capital rules could be subject to restrictions on dividends, equity repurchases and compensation based on the amount of the shortfall. State law also prescribes certain limitations on payment of dividends. See the information under “Regulatory Considerations—Limitations on Dividends and Other Payments” in “Item 1. Business” in BancShares’ Annual Report on Form 10-Kfor the year ended December 31, 2024. For these reasons, BancShares may not have access to any assets or cash flow of its subsidiaries to make principal or interest payments on the notes. Events for which acceleration rights under the senior notes may be exercised will be limited. The circumstances under which the payment of the principal amount of the senior notes can be accelerated will be limited. Under the Senior Indenture, payment of the principal amount of the senior notes:

| • |     | may be accelerated only for (i) our failure to pay the principal of or interest on the senior notes and, in                                                                                  
 each case, such nonpayment continues for 30 days after such payment is due, or (ii) the occurrence of certain events relating to bankruptcy, insolvency or reorganization of BancShares; and |

| • |     | may not be accelerated if we fail to perform any covenant or agreement (other than nonpayment of principal or 
 interest where such nonpayment continues for 30 days after such payment is due).                              |

These limitations on the rights and remedies of holders of the senior notes could adversely affect the market value of the senior notes, especially during times of financial stress for us or our industry. We may not be able to generate sufficient cash to service all of our debt, including the notes. BancShares’ ability to make scheduled payments of principal and interest, or to satisfy its obligations in respect of its debt or to refinance its debt, will depend on the future performance of our operating subsidiaries. Prevailing economic conditions (including interest rates), regulatory constraints, including, without limitation, limiting distributions to BancShares from First Citizens Bank and required capital levels with respect to First Citizens Bank and financial, business, and other factors, many of which are beyond our control, will also affect our ability to meet these needs. BancShares’ subsidiaries may not be able to generate sufficient cash flows from operations, or we may be unable to obtain future borrow