Company: FCNCB
Filing Date: 2025-09-02
Form Type: 424B5
Source: 0001193125-25-193496
Chunk: 23

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-09-02
Form: 424B5
Chunk 23
---
 are various regulatory restrictions on the ability of First Citizens Bank to pay dividends or make other distributions to
us. See “Risk Factors—Payments on the Notes will depend on receipt of dividends and distributions from BancShares’ subsidiaries” and “Risk Factors—Regulatory requirements may restrict our ability to pay the
principal of, and accrued and unpaid interest on, the Notes, regardless of whether we are the subject of an insolvency proceeding” in this prospectus supplement.

No recourse will be available for the payment of principal of, or interest on, any Note, for any claim based thereon, or otherwise in respect
thereof, against any stockholder, employee, officer, or director of BancShares, any of its subsidiaries or any successor entity. Neither the Subordinated Indenture nor the Notes contain any covenants or restrictions restricting the incurrence of
debt, deposits, or other liabilities by us or by our subsidiaries. The Subordinated Indenture and the Notes contain no financial covenants and do not restrict us from paying dividends, selling assets, making investments, or issuing or repurchasing
other securities, and do not contain any provision that would provide protection to the holders of the Notes against a sudden and dramatic decline in credit quality resulting from a merger, takeover, recapitalization, or similar restructuring or any
other event involving us or our subsidiaries that may adversely affect our credit quality.

We do not intend to apply for the listing of
the Notes on any securities exchange or the quotation of the Notes on any quotation system.

Interest

From (and including) the date of original issuance (the “Issue Date”) to (but excluding) , 20 (the “Reset
Date”) or the date of earlier redemption, the Notes will bear interest at an initial fixed rate of % per annum. From (and including) the Reset Date to (but excluding) the Maturity Date or the date of earlier
redemption, the Notes will bear interest at a fixed rate per annum that will be the Five-year U.S. Treasury Rate as of the day falling two Business Days prior to the Reset Date (the “Reset Determination Date”), plus basis

S-13

points per annum. Interest on the Notes will be payable semi-annually in arrears on and of each year and on the Maturity Date and any redemption date
(each, an “Interest Payment Date”), commencing on , 2026, and ending on the Maturity Date or date of earlier redemption.

“Business Day