Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 217

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 217
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 million; and 

•Declared preferred stock dividends aggregating to $67 million.

For additional detail regarding our common and preferred stock dividends see Note 10.

On June 13, 2025, we announced that our Board of Directors increased the capacity of our common share repurchase program to $1.5 billion, an increase of $1.2 billion above the $300 million of capacity remaining under the prior June 2024 authorization. All future capital distributions are subject to consideration and approval by our Board of Directors prior to execution. The timing and amount of future dividends and share repurchases will depend on various factors, including our capital position, financial performance, balance sheet growth, market conditions, and regulatory considerations.

AOCI Impact on Regulatory Capital

Under the current applicable regulatory capital rules we have made the AOCI opt-out election, which enables us to exclude components of AOCI from regulatory capital. As noted in the “Capital and Stress Testing Requirements” section of “Regulation and Supervision” in our 2024 Form 10-K, the regulatory agencies are considering the inclusion of AOCI components in regulatory capital for Category IV firms like us, notably the AOCI relative to securities and pension.

In light of this potential change, the Company considers capital ratios including the AOCI impact from securities and pension when evaluating capital utilization and adequacy, in addition to capital ratios defined by the regulatory agencies. These capital ratios are intended to complement our regulatory capital ratios and are viewed by management as useful measures reflective of the level of capital available to withstand unexpected market conditions. See “Non-GAAP Financial Measures” for more information.

Citizens Financial Group, Inc. | 31

The following table presents our regulatory capital ratios including the AOCI impact from securities and pension: 

Table 22: AOCI Impact on Regulatory CapitalJune 30, 2025CFGCBNA(dollars in millions)CET1Tier 1TotalCET1Tier 1TotalRegulatory capital, including AOCI impact:Regulatory capital$17,812 $19,925 $23,221 $20,714 $20,714 $23,899 Unrealized gains (losses) on securities and pension(2,298)(2,298)(2,298)(2,279)(2,279)(2,279)Deferred tax assets - securities and pension AOCI(34)(34)(34)(36)(36)(36)Regulatory capital, including AOCI impact (non-GAAP)$15,