Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 960

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 960
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 a BHC, our SCB of 4.5% is imposed on top of the three minimum risk-based capital ratios listed above and a CCB of 2.5% is imposed on top of the three minimum risk-based capital ratios listed above for CBNA.

Citizens Financial Group, Inc. | 56

For additional discussion of the U.S. Basel III capital framework and its related application, see the “Regulation and Supervision” section in Item 1. The table below presents the regulatory capital ratios for CFG and CBNA under the U.S. Basel III Standardized rules:

Table 22: Regulatory Capital Ratios Under the U.S. Basel III Standardized RulesDecember 31, 2024December 31, 2023(dollars in millions)AmountRatioAmountRatioRequired Minimum Capital Ratio(1)CET1 capitalCFG$17,900 10.8 %$18,358 10.6 %9.0 %CBNA20,250 12.3 19,411 11.3 7.0 Tier 1 capitalCFG20,013 12.1 20,372 11.8 10.5 CBNA20,250 12.3 19,411 11.3 8.5 Total capitalCFG23,232 14.0 23,608 13.7 12.5 CBNA23,362 14.2 22,453 13.0 10.5 Tier 1 leverageCFG20,013 9.4 20,372 9.3 4.0 CBNA20,250 9.6 19,411 8.9 4.0 Risk-weighted assetsCFG165,699 172,601 CBNA164,986 172,094 Quarterly adjusted average assets(2)CFG212,555 219,591 CBNA211,849 218,974 

(1) Represents minimum requirement under the current capital framework plus the SCB of 4.5% and CCB of 2.5% for CFG and CBNA, respectively. The SCB and CCB are not applicable to the Tier 1 leverage ratio.

(2) Represents total average assets less certain amounts deducted from Tier 1 capital.

At December 31, 2024, CFG’s CET1 and tier 1 capital ratios increased compared to December 31,