Recent Updates — CFG-PI

The Audit Committee of Citizens Financial Group approved the dismissal of Deloitte & Touche LLP as its independent registered public accounting firm and engaged PricewaterhouseCoopers LLP to serve in that role for the fiscal year ending December 31, 2027. The change becomes effective upon the completion of Deloitte's audits for the fiscal year ended December 31, 2026. There were no disagreements with Deloitte on accounting principles or reportable events during the past two fiscal years and the interim period through October 28, 2026. Citizens Financial Group operates as a regional bank holding company providing banking and financial services primarily in the Northeastern United States.

Citizens Financial Group announced its second quarter 2026 earnings, reporting net income of $587 million and diluted EPS of $1.30. The company also announced a proposed public offering of new Series J Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock. If priced and closed, the net proceeds are intended to redeem all outstanding 4.000% Series G Preferred Stock on October 6, 2026. Additionally, the board declared a quarterly common stock dividend of $0.46 per share, payable on August 13, 2026, to shareholders of record as of July 30, 2026. Citizens Financial Group is a financial services company providing banking and wealth management services.

Citizens Financial Group reported second quarter 2026 net income of $587 million, a 35% increase year-over-year, with diluted earnings per share of $1.30, up 41% year-over-year and 15% sequentially. Total revenue reached $2,283 million, driven by a 4% quarterly increase in net interest income and an 8% increase in noninterest income. The company reported a net interest margin of 3.17% and a return on average tangible common equity of 13.9%. The board declared a quarterly common stock dividend of $0.46 per share, payable on August 13, 2026, to shareholders of record as of July 30, 2026. Citizens Financial Group is a financial services company providing banking, wealth management, and capital markets services.