Company: FCNCB
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001193125-25-283229
Chunk: 18

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 18
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You should look only to our assets as the source of payment for the depositary shares representing the Series D Preferred Stock.

S-8

Our ability to pay dividends on the Series D Preferred Stock, and therefore your ability to receive distributions on the depositary shares, may be limited by federal regulatory considerations.

Our ability to make dividend payments
may also be restricted by federal and state laws and regulations applicable to us as a bank holding company and our subsidiaries, including but not limited to First Citizens Bank. Under the Dodd-Frank Act, as modified by the Economic Growth,
Regulatory Relief and Consumer Protection Act and as implemented by the federal banking agencies, banks and bank holding companies with consolidated assets of more than $100 billion, such as us, are subject to more stringent prudential
standards, including capital and liquidity requirements, leverage limits, and stress testing, than those standards applicable to smaller institutions. The federal banking agencies have adopted final rules implementing certain of the international
Basel Committee on Banking Supervision’s regulatory capital and liquidity standards in the United States. The Federal Reserve’s Regulation Q sets forth the criteria for qualifying additional Tier 1 capital instruments for the Company,
including the requirement that any dividends on such instruments be paid out of the bank holding company’s net income, retained earnings, and surplus, if any, related to other additional Tier 1 capital instruments, and sets forth, among other
capital requirements, a stress capital buffer requirement. The failure to maintain capital requirements and applicable capital buffers, including the capital conservation buffer (and stress capital buffer, as applicable to the Company), may result
in limitations or restrictions on our ability to make capital distributions, such as the payment of dividends. In addition, the Federal Reserve requires large regional bank holding companies with assets of $100 billion to $250 billion,
such as us, to submit capital plans annually that includes any planned dividends over a set planning horizon, and to be subject to the supervisory stress test requirements on a two-year cycle (even-numbered
years). In addition, the Federal Reserve may require us to resubmit the capital plan in certain circumstances, including in the event of a material change in the bank holding company’s risk profile, financial condition, or corporate structure.
The Federal Reserve may object to a capital plan if the plan does not show that the covered bank holding company will maintain minimum capital ratios on a pro forma basis under expected and stressed conditions throughout the nine-quarter planning
horizon covered by the capital plan. So long as the Federal Reserve has not objected to