Company: CFG-PE
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000759944-25-000070
Chunk: 133

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 133
---
 capital impacts of strategic initiatives, 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. | 28

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

Table 23: AOCI Impact on Regulatory CapitalMarch 31, 2025CFGCBNA(dollars in millions)CET1Tier 1TotalCET1Tier 1TotalRegulatory capital, including AOCI impact:Regulatory capital$17,751 $19,864 $23,156 $20,492 $20,492 $23,675 Unrealized gains (losses) on securities and pension(2,372)(2,372)(2,372)(2,354)(2,354)(2,354)Deferred tax assets - securities and pension AOCI(32)(32)(32)(32)(32)(32)Regulatory capital, including AOCI impact (non-GAAP)$15,347 $17,460 $20,752 $18,106 $18,106 $21,289 Risk-weighted assets, including AOCI impact:Regulatory risk-weighted assets$166,908 $166,908 $166,908 $166,196 $166,196 $166,196 Unrealized gains (losses) on securities and pension(650)(650)(650)(632)(632)(632)Deferred tax assets - securities and pension AOCI1,948 1,948 1,948 1,931 1,931 1,931