Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 96

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 96
---
 regulations, and administrative and judicial interpretations thereof, all as of the date
hereof and all of which are subject to change, possibly on a retroactive basis, and any such change or interpretation could affect the accuracy of the statements in this summary.

S-61

UNDERWRITING Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as representatives of each of the underwriters named below. Subject to the terms and conditions set forth in an underwriting agreement among us, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, we have agreed to sell to the underwriters, and each of the underwriters has agreed, severally and not jointly, to purchase from us, the principal amount of notes set forth opposite its name below.

| Underwriters                   |     | Principal Amount 
 of Senior Notes  |             |     | Principal Amount 
 of Subordinated  
 Notes            |             |
|:-------------------------------|:----|:-----------------|------------:|:----|:-----------------|------------:|
| Citigroup Global Markets Inc.  |     | $                | 237,500,000 |     | $                | 356,250,000 |
| J.P. Morgan Securities LLC     |     | $                | 237,500,000 |     | $                | 356,250,000 |
| Piper Sandler & Co.            |     | $                |  12,500,000 |     | $                |  18,750,000 |
| U.S. Bancorp Investments, Inc. |     | $                |  12,500,000 |     | $                |  18,750,000 |
| Total                          |     | $                | 500,000,000 |     | $                | 750,000,000 |

The underwriting agreement provides that the obligations of the underwriters to purchase all of the notes sold under the underwriting agreement if any of these notes are purchased. If an underwriter defaults, the underwriting agreement provides that the purchase commitments of the non-defaultingunderwriters may be increased or the underwriting agreement may be terminated. We have agreed to indemnify the several underwriters and their controlling persons against certain liabilities in connection with this offering, including liabilities under the Securities Act, or to contribute to payments the underwriters may be required to make in respect of those liabilities. The underwriters are offering the notes, subject to prior sale, when, as and if issued