Company: FCNCB
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001193125-25-283229
Chunk: 13

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 13
---
 D Preferred Stock will have no right or claim to any of our remaining assets. |

| Distributions will be made only to the extent that our assets are available after satisfaction of all liabilities to depositors and creditors and subject to the rights of holders of any securities ranking senior to the                              
 Series D Preferred Stock. If our remaining assets are not sufficient to pay the full liquidating distributions to the holders of all outstanding Series D Preferred Stock and all parity stock, then we will distribute our assets to those holders pro 
 rata in proportion to the full liquidating distributions to which they would otherwise have received.                                                                                                                                                   |

| Voting Rights | Holders of the Series D Preferred Stock will have no voting rights except with respect to certain fundamental changes in the terms of the Series D Preferred Stock and certain other matters (e.g., the authorization of any shares of stock             
 senior to the Series D Preferred Stock). In addition, if dividends on the Series D Preferred Stock are not paid in full for any dividend periods that, in the aggregate, equal eighteen months, whether or not consecutive, the holders of the Series D  
 Preferred Stock, acting as a single class with any other parity securities having similar voting rights that are then exercisable, will have the right to elect two directors to our board. The terms of office of these directors will end when we have 
 paid or set aside for payment full dividends for at least one year’s worth of dividend periods on the Series D Preferred Stock and any non-cumulative parity securities and all dividends on any cumulative                                              
 parity securities have been paid in full. See “Description of the Series D Preferred Stock—Voting Rights.”                                                                                                                                               |

| Holders of depositary shares must act through the depositary to exercise any voting rights, as described under “Description of the Depositary Shares—Voting Rights.” |

| Ranking | The Series D Preferred Stock will rank, with respect to the payment of dividends and distributions upon liquidation, dissolution, or winding-up, senior to our common stock and each other class or series of preferred stock we may issue in the future, the terms of which do not expressly provide that it ranks on a parity with or senior to the Series 
 D Preferred Stock as to dividend rights and rights on our liquidation, winding-up, and dissolution. The Series D Preferred Stock will rank on a parity with any class or series of our capital stock                                                                                                                                                         |

S-5

| we have issued, including our Series A Preferred Stock, our Series B Preferred Stock, and our Series C Preferred Stock