Company: FCNCB
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001193125-25-283229
Chunk: 15

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 15
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 an investment decision. Our business, financial condition, results of operations, or prospects could be materially adversely affected by any of these risks. This prospectus supplement also contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in any forward-looking statements as a result of certain factors, including the risks faced by us described below and elsewhere in this prospectus supplement and the accompanying prospectus.

Risks Related to the Series D Preferred Stock and the Related Depositary Shares

You are making an investment decision about the depositary shares as well as our Series D Preferred Stock.

As described in this prospectus supplement, we are issuing depositary shares representing proportional interests in shares of our Series D
Preferred Stock. The depositary will rely solely on the dividend payments on the Series D Preferred Stock it receives from us to fund all dividend payments on the depositary shares. You should carefully review the information in this prospectus
supplement regarding our depositary shares and the Series D Preferred Stock.

The Series D Preferred Stock is an equity security and is subordinate to our existing and future indebtedness.

The shares of the Series D Preferred Stock are our equity interests and do not constitute
indebtedness. This means that the Series D Preferred Stock will rank junior to all of our indebtedness and to other non-equity claims on us and our assets available to satisfy claims on us, including claims in
our liquidation. Our existing and future indebtedness may restrict payment of dividends on the Series D Preferred Stock. As of September 30, 2025, we had $38.68 billion of outstanding debt. Additionally, unlike indebtedness, where
principal and interest customarily are payable on specified due dates, in the case of preferred stock like the Series D Preferred Stock, (1) dividends are payable only if authorized by our board of directors or a duly authorized committee of
the board of directors and declared by us and (2) as a corporation, we are subject to restrictions on dividend payments and redemption payments out of lawfully available assets under the Federal Reserve’s capital rules and other
requirements and as set forth in the Delaware General Corporation Law (the “DGCL”). Upon liquidation, holders of our debt securities and shares of any senior preferred stock and lenders with respect to other borrowings will receive
distributions of our available assets prior to the holders of our Series D Preferred Stock. Further, the Series D Preferred Stock places no restrictions on our business or operations or on our ability to incur indebtedness or engage in