Citizens Financial Group Announces Redemption of All Outstanding Shares of its Series F Preferred Stock

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PROVIDENCE, R.I.--(BUSINESS WIRE)-- Citizens Financial Group, Inc. (NYSE: CFG) today announced that it will redeem on October 6, 2025 (the “Redemption Date”) all outstanding shares of its 5.650% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F (CUSIP: 174610AU9; ISIN: US174610AU90) (the “Series F Preferred Stock”). All 400,000 shares of the Series F Preferred Stock currently outstanding will be redeemed on the Redemption Date. On and after the Redemption Date, no shares of Series F Preferred Stock will remain outstanding and dividends in respect of the Series F Preferred Stock will no longer accrue.

The Series F Preferred Stock will be redeemed at a redemption price of $1,000 per share (the “Redemption Price”). Because the Redemption Date is a dividend payment date for the Series F Preferred Stock, the Redemption Price does not include declared and unpaid dividends. The regular quarterly dividend on the Series F Preferred Stock was previously declared and will be paid separately on October 6, 2025 to holders of record on the record date for such dividend payment in the customary manner.

On and after the Redemption Date, no shares of Series F Preferred Stock will be outstanding and dividends in respect of the Series F Preferred Stock will no longer accrue.

Computershare Trust Company, N.A. and Computershare Inc. serve as the redemption agent for the Series F Preferred Stock.

Investors in the Series F Preferred Stock should contact the bank or broker through which they hold a beneficial interest in the Series F Preferred Stock for information about obtaining the Redemption Price for the shares of Series F Preferred Stock in which they have a beneficial interest.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $218.3 billion in assets as of June 30, 2025. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X , LinkedIn or Facebook.

Forward-Looking Statements

“Safe Harbor” Statement within the meaning of the Private Securities Litigation Reform Act of 1995: This communication contains “forward-looking statements” — that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” or “target.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include the failure to consummate this transaction or to make or take any filing or other action required to consummate any such transaction on a timely matter or at all. These or other uncertainties may cause our actual future results to be materially different from those expressed in our forward-looking statements.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20250902496423/en/

Media: Peter Lucht - 781.655.2289
Investors: Kristin Silberberg - 203.900.6854

Source: Citizens Financial Group, Inc.