Company: CFG-PE
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0001193125-25-035197
Chunk: 76

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-25
Form: 424B2
Chunk 76
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 supply chain disruptions, inflationary pressures and labor shortages, that adversely affect the general economy, housing prices, the job market, consumer confidence and spending habits; |

| • |     | The general state of the economy and employment, as well as general business and economic conditions, and changes 
 in the competitive environment;                                                                                   |

| • |     | Our capital and liquidity requirements under regulatory standards and our ability to generate capital and 
 liquidity on favorable terms;                                                                             |

| • |     | The effect of changes in our credit ratings on our cost of funding, access to capital markets, ability to market 
 our securities, and overall liquidity position;                                                                  |

| • |     | The effect of changes in the level of commercial and consumer deposits on our funding costs and net interest 
 margin;                                                                                                      |

| • |     | Our ability to execute on our strategic business initiatives and achieve our financial performance goals across 
 our Consumer and Commercial businesses, including our Private Bank;                                             |

| • |     | The effects of geopolitical instability, including the wars in Ukraine and the Middle East, on economic and                                                            
 market conditions, inflationary pressures and the interest rate environment, commodity price and foreign exchange rate volatility, and heightened cybersecurity risks; |

| • |     | Our ability to comply with heightened supervisory requirements and expectations as well as new or amended 
 regulations;                                                                                              |

| • |     | Liabilities and business restrictions resulting from litigation and regulatory investigations; |

| • |     | The effect of changes in interest rates on our net interest income, net interest margin and our mortgage 
 originations, mortgage servicing rights and mortgages held for sale;                                     |

| • |     | Changes in interest rates and market liquidity, as well as the magnitude of such changes, which may reduce                                           
 interest margins, impact funding sources and affect the ability to originate and distribute financial products in the primary and secondary markets; |

| • |     | Financial services reform and other current, pending or future legislation or regulation that could have a 
 negative effect on our revenue and businesses;                                                             |

| • |     | Environmental risks, such as physical or transition risks associated with climate change, and social and 
 governance risks, that could adversely affect our reputation, operations, business, and customers;       |

4

| • |     | A failure in or breach of our compliance with laws, as well as operational or security systems or infrastructure, 
 or those of our third-party vendors or other service providers, including as a result of cyber-attacks; and