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

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 11
---
 board of directors and declared by us out of legally available funds. Dividends will accrue 
 from the issue date to, but excluding, December 15, 2030 (the “First Reset Date”) at a rate of 7.000% per annum on the liquidation preference of $100,000 per share, payable quarterly, in arrears, commencing on March 15, 2026                  
 and ending on December 15, 2030. From and including the First Reset Date, for each reset period, dividends will accrue at the five-year treasury rate as of the most recent reset dividend determination date (as defined under “Description      
 of the Series D Preferred Stock—Dividends”) plus 3.301% per annum on the liquidation preference of $100,000 per share, payable quarterly, in arrears, commencing on March 15, 2031 and continuing on each dividend payment date                   
 thereafter.                                                                                                                                                                                                                                       |

| Dividends on the Series D Preferred Stock will be non-cumulative. If, for any reason,                                                                                                                                                                                                                                                                                                                                                                                           
 our board of directors or a duly authorized committee of our board of directors does not authorize and we do not declare full cash dividends on the Series D Preferred Stock for a dividend period, holders of the Series D Preferred Stock will have no                                                                                                                                                                                                                        
 right to receive any dividend or a full dividend for that period, whether or not our board of directors or a duly authorized committee of our board of directors authorizes and we declare dividends on our common stock, our 5.375% Non-Cumulative Perpetual Preferred Stock, Series A (“Series A Preferred Stock”), our Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (“Series B Preferred Stock”), our 5.625% Non-Cumulative Perpetual Preferred |

S-3

| Stock, Series C (“Series C Preferred Stock”) or our Series D Preferred Stock for any subsequent dividend period. |

| Any dividends paid will be distributed to holders of depositary shares in the manner described under “Description of the Depositary Shares-Dividends and Other Distributions” below. |

| Dividend Stopper | With certain limited exceptions, if we have not authorized, declared, and paid or set aside for payment full dividends on the Series D Preferred Stock for any dividend period, we may not declare or pay dividends on, or redeem, purchase, or 
 acquire, our common stock or other junior securities during the next