Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 1092

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 1
Chunk 1092
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133 Peer Regional Bank Average100 89 120 100 99 126 

Citizens Financial Group, Inc. | 36

Issuer Purchase of Equity Securities

Details of the repurchases of the Company’s common stock during the three months ended December 31, 2024 are included below:

PeriodTotal Number of Shares Repurchased(1)Average Price Paid Per ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or Programs(2)Maximum Dollar Amount of Shares That May Yet Be Purchased as Part of Publicly Announced Plans or Programs(2)October 1, 2024 - October 31, 20244,530,928$44.064,530,917$725,357,995November 1, 2024 - November 30, 2024285$42.12—$725,357,995December 1, 2024 - December 31, 2024575,505$44.06575,505$700,000,000

(1) Includes shares repurchased to satisfy applicable tax withholding obligations in connection with an employee share-based compensation plan and the forfeiture of unvested restricted stock awards.

(2) On June 28, 2024, the Company announced that its Board of Directors increased the capacity under its common share repurchase program by an additional $656 million, which was incremental to the $594 million of capacity remaining under the prior February 2023 authorization.

Common stock share repurchases may be executed in the open market or in privately negotiated transactions, including under Rule 10b5-1 plans and accelerated share repurchase and other structured transactions. The timing and exact amount of future share repurchases will be subject to various factors, including the Company’s capital position, financial performance, capital impacts of strategic initiatives, market conditions, and regulatory considerations.

ITEM 6. RESERVED

Not applicable.

Citizens Financial Group, Inc. | 37

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

PageIntroduction39Financial Performance40Results of Operations - 2024 compared with 202341Net Interest Income41Noninterest Income44Noninterest Expense44Provision for Credit Losses45Income Tax Expense45Business Operating Segments45Results of Operations - 2023 compared with 202246Analysis of Financial Condition47Securities47Loans and Leases48Credit Quality50Deposits55Borrowed Funds56Capital and Regulatory Matters