Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 0

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 0
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Filed Pursuant to Rule 424(b)(5)
Registration No. 333-281553 PROSPECTUS SUPPLEMENT (To Prospectus Dated August 14, 2024) First Citizens BancShares, Inc. $500,000,000 5.231% Fixed-to-FloatingRate Senior Notes due 2031 $750,000,000 6.254% Fixed-to-FixedRate Subordinated Notes due 2040 We are offering $500,000,000 aggregate principal amount of our 5.231% fixed-to-floatingrate senior notes due March 12, 2031 (the “senior notes”) and $750,000,000 aggregate principal amount of our 6.254% fixed-to-fixedrate subordinated notes due March 12, 2040 (the “subordinated notes” and, together with the senior notes, the “notes”). The senior notes will mature on March 12, 2031 (the “senior notes maturity date”). The senior notes will accrue interest from (and including) March 12, 2025 (the “senior notes issue date”) to (but excluding) March 12, 2030 at a fixed rate of 5.231% per annum, payable semiannually in arrears on March 12 and September 12 of each year, commencing on September 12, 2025, and ending on March 12, 2030, and from and including March 12, 2030 to (but excluding) the senior notes maturity date at a floating rate equal to a benchmark rate based on the Compounded SOFR Index Rate, as defined and subject to the provisions described under “Description of Notes—Senior Notes—Interest” in this prospectus supplement, plus 141 basis points per annum, payable quarterly in arrears on June 12, 2030, September 12, 2030, December 12, 2030 and on the senior notes maturity date. In no event will the interest payable on the senior notes be less than zero. The subordinated notes will mature on March 12, 2040 (the “subordinated notes maturity date” and, together with the senior notes maturity date, each a “maturity date”). The subordinated notes will accrue interest from (and including) March 12, 2025 (the “subordinated notes issue date”) to (but excluding) March 12, 2035 (the “subordinated