CITIZENS FINANCIAL GROUP INC/RI
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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FY2025 · Filed Feb 12, 2026
CFG$63.24-0.9%Stored close · as of Nov 6, 2026
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Accounting and Reporting Developments
Accounting standards issued but not adopted as of December 31, 2025
| Pronouncement | Summary of Guidance | Effects on Financial Statements |
|---|---|---|
| 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 |
| Purchased LoansIssued November 2025 | •Expands the scope of acquired financial assets subject to the gross-up approach under ASC 326 to include purchased seasoned loans, which must meet certain criteria outlined in the ASU •Purchased seasoned loans do not include credit cards, debt securities, and certain trade receivables•Provides for an irrevocable accounting policy election to measure the ACL on purchased seasoned loans using the amortized cost basis, rather than unpaid principal balance, if a method other than a discounted cash flow method is utilized to estimate expected credit losses•Requires adoption on a prospective basis | •Required effective date: January 1, 2027. Early adoption is permitted.•Adoption of this ASU will impact our Consolidated Financial Statements on a prospective basis only when loans are acquired |
| Hedge Accounting ImprovementsIssued November 2025 | •Expands the hedged risks permitted to be aggregated in a group of individual forecasted transactions in a cash flow hedge by changing the requirement to designate a group of individual forecasted transactions from having a shared risk exposure to having a similar risk exposure•Requires assessment of hedged risk similarity both at hedge inception and on an ongoing basis•Requires dedesignation of the hedge relationship if one or more hedged risks related to the group of individual forecasted transactions are no longer similar•The amendments in this ASU should be applied on a prospective basis for all hedging relationships. An entity may elect to apply the amendments to relationships that exist as of the date of adoption. | •Required effective date: January 1, 2027, with early adoption permitted. We are currently evaluating the ASU, including early adoption.•Adoption of this ASU is not expected to have a material impact on our Consolidated Financial Statements |
Citizens Financial Group, Inc. | 76
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