Company: FCNCB
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001193125-25-283229
Chunk: 33

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 33
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 the numerator of which is the number of days in such dividend period prior to the redemption date, and the denominator of which is the total number of days in such dividend period.
See “Description of the Depositary Shares” below for information about redemption of the depositary shares relating to the Series D Preferred Stock.

In case of any redemption of only part of the shares of the Series D Preferred Stock at the time outstanding, the shares of the Series D
Preferred Stock to be redeemed will be selected either pro rata, by lot, or in such other manner as we may determine to be equitable and permitted by the rules of any stock exchange on which the Series D Preferred Stock or related depositary shares
are listed. Subject to the provisions hereof, our board of directors will have full power and authority to prescribe the terms and conditions upon which shares of the Series D Preferred Stock will be redeemed from time to time.

Under the Federal Reserve’s current risk-based capital guidelines applicable to bank holding companies, any redemption of the Series D
Preferred Stock is subject to prior approval by the Federal Reserve. See “Risk Factors—Risks Related to the Series D Preferred Stock and the Related Depositary Shares—Investors should not expect us to redeem the Series D Preferred
Stock on the date it becomes redeemable at our election or on any particular date after it becomes redeemable at our election” in this prospectus supplement. Any redemption of the Series D Preferred Stock is subject to our receipt of any
required prior approval by the Federal Reserve and to the satisfaction of any conditions set forth in the capital standards, guidelines or regulations of the Federal Reserve applicable to redemption of the Series D Preferred Stock.

Any notice of redemption, once given, will be irrevocable.

Neither the holders of the Series D Preferred Stock nor the holders of the related depositary shares have the right to require the redemption
or repurchase of the Series D Preferred Stock.

Liquidation Rights

In the event that we voluntarily or involuntarily liquidate, dissolve, or wind up, the holders of the Series D Preferred Stock at the time
outstanding will be entitled to receive liquidating distributions in the amount of $100,000 per share of the Series D Preferred Stock (equivalent to $1,000 per depositary share), plus an amount equal to any authorized and declared but unpaid
dividends thereon to and including the date of such liquidation, without accumulation of any undeclared dividends, out of assets legally available for distribution to our stockholders, before any