Company: CFG-PE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000759944-25-000108
Chunk: 210

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 210
---
 of 79.6%;

◦Estimated insured/secured deposits comprise 66% of our consolidated deposit base of $175.1 billion.

•Our total available liquidity, comprised of contingent liquidity and available discount window capacity, was approximately $82.8 billion;

◦Contingent liquidity was $66.9 billion, consisting of unencumbered high-quality liquid securities of $37.9 billion, unused FHLB capacity of $21.9 billion, and our cash balances at the FRB of $7.1 billion; and

◦Available discount window capacity was $15.9 billion, defined as available total borrowing capacity from the FRB based on identified collateral, which is primarily secured by non-mortgage commercial and retail loans.

For a summary of our sources and uses of cash by type of activity for the six months ended June 30, 2025 and 2024, see the Consolidated Statements of Cash Flows in Item 1.

Citizens Financial Group, Inc. | 26

Parent Company Liquidity 

Our Parent Company’s primary sources of cash are dividends and interest received from CBNA resulting from investing in bank equity and subordinated debt as well as externally issued preferred stock, senior debt, and subordinated debt. Uses of cash include the routine cash flow requirements as a bank holding company, including periodic share repurchases and payments of dividends, interest, and expenses; the needs of subsidiaries, including CBNA for additional equity and, as required, its need for debt financing; and the support for extraordinary funding requirements when necessary. To the extent the Parent Company relies on wholesale borrowings, uses also include payments of related principal and interest.

During the six months ended June 30, 2025, the Parent Company Issued $750 million of 5.253% fixed-to-floating rate senior notes due 2031.

Our Parent Company’s cash and cash equivalents represent a source of liquidity that can be used to meet various needs and totaled $2.9 billion and $2.7 billion as of June 30, 2025 and December 31, 2024, respectively.

During the three months ended June 30, 2025 and 2024, the Parent Company declared dividends on common stock of $185 million and $194 million, respectively, and declared dividends on preferred stock of $34 million and $35 million, respectively.

During the six months ended June 30, 2025 and 2024, the Parent Company