Company: FCNCB
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001193125-25-283229
Chunk: 53

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 53
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:

| • |     | declare, pay, or set aside for payment any dividend or distribution on any shares of capital stock ranking junior 
 to our Series C Preferred Stock as to dividend or liquidation rights;                                             |

| • |     | repurchase, redeem, or otherwise acquire for consideration, directly or indirectly, any shares of our capital 
 stock ranking junior to our Series C Preferred Stock as to dividend or liquidation rights; or                 |

| • |     | repurchase, redeem, or otherwise acquire for consideration, directly or indirectly, any shares of our capital                                                        
 stock ranking on parity with our Series C Preferred Stock as to dividend or liquidation rights, including our Series A Preferred Stock and Series B Preferred Stock. |

Notwithstanding the foregoing, if dividends are not paid in full, or set aside for payment in full, upon the shares of our Series C Preferred Stock and any shares of capital stock ranking on a parity with our Series C Preferred Stock as to dividend rights (“Series C dividend parity stock”), dividends may be declared and paid upon shares of our Series C Preferred Stock and the Series C dividend parity stock pro rata in proportion to the respective amounts of undeclared and unpaid dividends on our Series C Preferred Stock and all parity stock payable on such Series C dividend payment date. Subject to the foregoing, and not otherwise, dividends (payable in cash, stock, or otherwise) may be declared and paid on our common stock, and any other class or series of capital stock that ranks junior to our Series C Preferred Stock as to dividend and liquidation rights, from time to time out of any assets legally available for such payment, and the holders of our Series C Preferred Stock or Series C dividend parity stock will not be entitled to participate in any such dividend. Our Series C Preferred Stock is perpetual and has no maturity date and is not subject to any mandatory redemption, sinking fund, or other similar provisions. The holders of our Series C Preferred Stock do not have any right to require the redemption or repurchase of their shares of our Series C Preferred Stock. S-32

We may, at our option, redeem our Series C Preferred Stock (i) in whole or in part, from time to time, on any Series C dividend payment date on or after January 4, 2027, or (ii) in whole but not in part at any time within 90 days following a regulatory capital treatment event, in each case at a redemption price equal to $25 per share, plus the per share amount of any declared and