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
Extracted filing text, with the paragraph anchors used by the comparison.
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Glossary of Acronyms and Terms
The following is a list of common acronyms and terms used regularly in our financial reporting:
| AACL | Adjusted Allowance for Credit Losses |
|---|---|
| ACL | Allowance for Credit Losses: Allowance for Loan and Lease Losses plus Allowance for Unfunded Lending Commitments |
| AFS | Available for Sale |
| ALM | Asset and Liability Management |
| AOCI | Accumulated Other Comprehensive Income (Loss) |
| ASU | Accounting Standards Update |
| ATM | Automated Teller Machine |
| Board or Board of Directors | The Board of Directors of Citizens Financial Group, Inc. |
| bps | Basis Points |
| CBNA | Citizens Bank, National Association |
| CCB | Capital Conservation Buffer |
| CECL | Current Expected Credit Losses |
| CET1 | Common Equity Tier 1 |
| CET1 capital ratio | Common Equity Tier 1 capital divided by total risk-weighted assets as defined under the U.S. Basel III Standardized approach |
| Citizens, CFG, the Company, we, us, or our | Citizens Financial Group, Inc. and its Consolidated Subsidiaries |
| CLTV | Combined Loan-to-Value |
| CODM | Chief Operating Decision Maker |
| CRE | Commercial Real Estate |
| Efficiency Ratio | Noninterest expense divided by total revenue, inclusive of net interest income and noninterest income |
| EPS | Earnings Per Share |
| EVE | Economic Value of Equity |
| Exchange Act | The Securities Exchange Act of 1934, as amended |
| Fannie Mae (FNMA) | Federal National Mortgage Association |
| FDIC | Federal Deposit Insurance Corporation |
| FDM | Financially Distressed Modification |
| FHA | Federal Housing Administration |
| FHLB | Federal Home Loan Bank |
| FICO | Fair Isaac Corporation (credit rating) |
| FRB or Federal Reserve | Board of Governors of the Federal Reserve System and, as applicable, Federal Reserve Bank(s) |
| Freddie Mac (FHLMC) | Federal Home Loan Mortgage Corporation |
| FTE | Fully Taxable Equivalent |
| GAAP | Accounting Principles Generally Accepted in the United States of America |
| GDP | Gross Domestic Product |
| Ginnie Mae (GNMA) | Government National Mortgage Association |
| GSE | Government Sponsored Entity |
| HTM | Held To Maturity |
| LHFS | Loans Held for Sale |
| LIHTC | Low Income Housing Tax Credit |
| M&A | Merger and Acquisition |
| MD&A | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
| Modified AACL transition | The Day-1 CECL adoption entry booked to ACL plus 25% of subsequent CECL ACL reserve build |
|---|---|
| Modified CECL transition | The Day-1 CECL adoption entry booked to retained earnings plus 25% of subsequent CECL ACL reserve build |
| MSR | Mortgage Servicing Right |
| NM | Not meaningful |
| NMTC | New Markets Tax Credit |
| OCC | Office of the Comptroller of the Currency |
| OCI | Other Comprehensive Income (Loss) |
| Parent Company | Citizens Financial Group, Inc. (the Parent Company of Citizens Bank, National Association and other subsidiaries) |
| PCD | Purchased Credit Deteriorated |
| ROTCE | Return on Average Tangible Common Equity |
| RPA | Risk Participation Agreement |
| RWA | Risk-Weighted Assets |
| SBA | United States Small Business Administration |
| SCB | Stress Capital Buffer |
| SEC | United States Securities and Exchange Commission |
| SOFR | Secured Overnight Financing Rate |
| SPE | Special Purpose Entity |
| TBA | To-Be-Announced Mortgage Security |
| Tier 1 capital ratio | Tier 1 capital, which includes Common Equity Tier 1 capital plus non-cumulative perpetual preferred equity that qualifies as additional Tier 1 capital, divided by total risk-weighted assets as defined under the U.S. Basel III Standardized approach |
| Tier 1 leverage ratio | Tier 1 capital, which includes Common Equity Tier 1 capital plus non-cumulative perpetual preferred equity that qualifies as additional Tier 1 capital, divided by quarterly adjusted average assets as defined under the U.S. Basel III Standardized approach |
| Total capital ratio | Total capital, which includes Common Equity Tier 1 capital, Tier 1 capital, and allowance for credit losses and qualifying subordinated debt that qualifies as Tier 2 capital, divided by total risk-weighted assets as defined under the U.S. Basel III Standardized approach |
| USDA | United States Department of Agriculture |
| VA | United States Department of Veterans Affairs |
| VaR | Value at Risk |
| VIE | Variable Interest Entity |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.