Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 15

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 15
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 subordinated notes interest payment date. |

| Day Count Convention | 360-day year consisting of twelve 30-day months. |

S-7

| No Guarantees | The subordinated notes are not guaranteed by any of BancShares’ subsidiaries. As a result, the subordinated notes will be structurally subordinated to the liabilities of BancShares’ subsidiaries as discussed below under 
 “Description of Notes—Subordinated Notes—Ranking; Subordination.”                                                                                                                                                           |

| Ranking; Subordination | The subordinated notes will be unsecured and subordinated in right of payment to the payment of our existing and future Senior Indebtedness (as defined in the Subordinated Indenture and described below under “Description of                       
 Notes—Subordinated Notes—Ranking; Subordination”), including the senior notes, will be effectively subordinated in right of payment to our future secured indebtedness, to the extent of the value of the collateral securing such                    
 indebtedness, will rank equally in right of payment to all of our existing and future indebtedness ranking on a parity with the subordinated notes and will be senior in right of payment to any liabilities and other obligations of BancShares that 
 rank junior to and not equally with or prior to the subordinated notes.                                                                                                                                                                               |

| As of December 31, 2024, BancShares’ subsidiaries had, in the aggregate, outstanding debt and other liabilities, including deposits and the Purchase Money Note, of approximately $201.64 billion (including                           
 intercompany indebtedness). All of such debt and other liabilities would rank structurally senior to the subordinated notes in case of liquidation or otherwise. As of December 31, 2024, BancShares had approximately $350 million of 
 outstanding subordinated debt. The subordinated notes will rank equally in right of payment with such outstanding subordinated debt.                                                                                                   |

| The Subordinated Indenture pursuant to which we will issue the subordinated notes does not limit the amount of additional indebtedness ranking senior to or pari passu with the indebtedness evidenced by the 
 subordinated notes that we or our subsidiaries may incur.                                                                                                                                                     |

| Form and Denomination | The subordinated notes will be offered in book-entry form only through the facilities of DTC in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. |

| Redemption | We may, at our option, redeem the subordinated notes, in whole but not in part, during the three months prior to