Company: FCNCB
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001193125-25-283229
Chunk: 38

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 38
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 Agent We will appoint a calculation agent for the Series D Preferred Stock prior to the First Reset Date. We may appoint ourselves or an affiliate of ours as calculation agent. S-22

Title

We and the transfer agent, registrar, and paying agent may treat the registered holder of the Series D Preferred Stock as the absolute owner of
the Series D Preferred Stock for the purpose of making payment and for all other purposes.

S-23

DESCRIPTION OF THE DEPOSITARY SHARES

General

We are issuing depositary
shares representing proportional fractional interests in shares of the Series D Preferred Stock. Each depositary share represents a 1/100th interest in a share of our Series D Preferred Stock, and will be evidenced by depositary shares. We will
deposit the underlying shares of the Series D Preferred Stock with a depositary pursuant to a deposit agreement among us, Broadridge Corporate Issuer Solutions, LLC, acting as depositary, and the holders from time to time of the depositary receipts.
The holders of depositary shares from time to time will be deemed to be parties to the deposit agreement and will be bound by all of the terms and conditions thereto by their acceptance of delivery of the depositary shares to the same extent as
though they had executed the deposit agreement. Subject to the terms of the deposit agreement, each holder of the depositary shares will be entitled, through the depositary, to all the rights and preferences of the Series D Preferred Stock, as
applicable, in proportion to the applicable fraction of a share of Series D Preferred Stock those depositary shares represent.

In this
prospectus supplement, references to “holders” of depositary shares mean those who own depositary shares registered in their own names on the books maintained by the depositary and not indirect holders who own beneficial interests in
depositary shares registered in the street name, or issued in book-entry form through DTC. You should review the special considerations that apply to indirect holders described in “Book-Entry Issuance.”

Immediately following the issuance of the Series D Preferred Stock, we will deposit the Series D Preferred Stock with the depositary, which
will then issue the depositary shares to the underwriters. Copies of the forms of deposit agreement and the depositary receipt may be obtained from us upon request and in the manner described in the “Where You Can Find More Information”
section of this prospectus supplement.

Dividends and Other Distributions

Each dividend payable on a depositary share will be in an amount equal to 1