CITIZENS FINANCIAL GROUP INC/RI

For the period ended Sep 30, 2025. Filed Nov 3, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 3, 2025

CFG$65.10+2.9%Stored close · as of Nov 9, 2026

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Contents

Accounting and Reporting Developments

Accounting standards issued but not adopted as of September 30, 2025

Pronouncement	Summary of Guidance	Effects on Financial Statements
Improvements to Income Tax DisclosuresIssued December 2023	•Requires a tabular income tax rate reconciliation that includes specific categories and other significant categories, disaggregated by nature, that exceed 5% of income tax expense at the statutory tax rate•Requires disclosure of income taxes paid, net of refunds received, disaggregated by federal, state, and foreign taxes, and further disaggregated by individual jurisdictions that exceed 5% of total income taxes paid, net of refunds received•Requires disclosure of pre-tax income disaggregated between domestic and foreign, and income tax expense disaggregated by federal, state, and foreign•The amendments should be applied on a prospective basis but retrospective application is permitted	•Required effective date: Annual financial statements for the year ending December 31, 2025. We do not intend to early adopt.•We expect to provide additional disaggregated income tax disclosures in accordance with this ASU.
Disaggregation of Income Statement Expenses Issued November 2024	•Requires tabular disclosure of certain expense types, including employee compensation, depreciation, intangible asset amortization, and selling expenses •Requires a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively•Allows for adoption on either a prospective or retrospective basis	•Required effective date: Annual financial statements for the year ending December 31, 2027, and interim reporting periods thereafter. Early adoption is permitted.•We are currently evaluating the impact of this ASU on our required expense disclosures in the Consolidated Financial Statements.
Targeted Improvements to the Accounting for Internal-Use SoftwareIssued September 2025	•Eliminates all references to software project development stages and, as a result, requires entities to start capitalizing software costs when both of the following occur: 1) Management has authorized and committed to funding the software project, and 2) It is probable the project will be completed and the software will be used to perform the function intended•Requires software costs to be expensed as incurred prior to meeting the capitalization requirements noted above•Allows for adoption on a prospective, modified transition, or retrospective basis	•Required effective date: January 1, 2028. Early adoption is permitted.•We are currently evaluating the impact of this ASU on our Consolidated Financial Statements.

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