Company: FCNCB
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001193125-25-056659
Chunk: 31

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 31
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 and reviews those processes. In connection with the preparation and audit of our consolidated financial statements for 2024, the Committee has:

| ● |     | reviewed and discussed our audited consolidated financial statements for 2024 with our management; |

| ● |     | discussed with our independent auditors the matters required to be discussed by the applicable requirements of the Public Company Accounting Oversight Board and the SEC; |

| ● |     | received the written disclosures and the letter from our independent accountants required by applicable requirements of the Public Company Accounting Oversight Board regarding the independent accountants’ communications with the Audit Committee concerning independence; and |

| ● |     | discussed with our independent accountant the independent accountant’s independence. |

Based on the above reviews and discussions, the Audit Committee recommended to our Board that our audited consolidated financial statements be included in our 2024 Annual Report. The Audit Committee:

| H. Lee Durham, Jr. |     | John M. Alexander, Jr. |     | Michael A. Carpenter |     | David G. Leitch |
| Robert T. Newcomb  |     |                        |     | R. Mattox Snow III   |     |                 |

| 2025 Annual Proxy Statement |     | 31 |

Committees of Our Boards Risk Committee

| Robert R. Hoppe Chairman and Risk Management Expert   Committee Meetings in 2024: 18 |     | Other Committee Members:   Ellen R. Alemany, Victor E. Bell III, Dr. Eugene Flood, Jr., and Robert E. Mason IV |

| Our Risk Committee is a joint committee of the Boards. Under the Federal Reserve Board’s rules and the Risk Committee’s charter, the Committee must be chaired by an independent director and must include at least one member having experience in identifying, assessing, and managing risk exposures of large, complex financial firms. Our Board has determined that Robert R. Hoppe, the Committee’s Chairman, has that experience and has designated him as the Committee’s Risk Management Expert. Mr. Hoppe is a retired partner in the accounting firm of PricewaterhouseCoopers LLP with 34 years of public accounting and audit experience. In addition to Mr. Hoppe, the Board has determined that two other members of the Committee, Ellen R. Alemany and Dr. Eugene Flood, Jr., also have experience that satisfies the requirements of the Federal Reserve Board’s rule.   In addition to its other responsibilities, including those listed in the table, the Risk Committee was established to review, provide effective challenge