Company: CFG-PE
Filing Date: 2025-07-23
Form Type: 424B2
Source: 0001193125-25-163534
Chunk: 10

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-23
Form: 424B2
Chunk 10
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 results are included in our Current Report on Form 8-K filed with the SEC on
July 22, 2025 (the “Second Quarter 2025 Form 8-K”) and are incorporated by reference in this prospectus supplement. The financial results included in the Second Quarter 2025 Form 8-K are preliminary and may change as a result of the completion of our financial closing procedures or any adjustments that may result from the completion of the

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review of our consolidated financial statements. Accordingly, these preliminary unaudited results may materially differ from the actual results that will be reflected in our consolidated
financial statements for the quarter ended June 30, 2025, when they are completed and publicly filed with the SEC on our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. The Second
Quarter 2025 Form 8-K should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our historical consolidated financial
statements and the notes thereto included in our 2024 Form 10-K and with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our unaudited interim
consolidated financial statements and notes thereto included in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, incorporated by reference in this prospectus supplement.

Neither CFG’s independent auditors, nor any other independent accountants, have compiled, examined, or performed any procedures with
respect to the preliminary second quarter 2025 financial information contained or incorporated by reference herein, nor have they expressed any opinion or any other form of assurance on such information or its achievability, and assume no
responsibility for, and disclaim any association with, the preliminary second quarter 2025 financial information.

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Summary of the Offering The following summary contains basic information about the Depositary Shares representing interests in our Series I Preferred Stock and the offering and is not intended to be complete. It does not contain all the information that is important to you. For a more complete understanding of these securities, you should read the sections of this prospectus supplement entitled “Description of the Series I Preferred Stock” and “Description of the Depositary Shares.”

| Issuer | Citizens Financial Group, Inc. |

| Securities Offered: | 16,000,000 Depositary Shares, each representing a 1/40th ownership interest in a share of our 6.500%