CFG · 10-K filed 12 Feb 2026 · year to 31 Dec 2025

Citizens Financial Group

22 named things its latest annual report says its results depend on, each in the company's own words. 16 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Suppliers

Third-party information technology providers

depends on · a significant portionnamed as a risk

Third parties perform a significant portion of our information technology functions and the provision of information technology and business process services including, but not limited to, the operation of our data communications networks, hosted services, and a wide range of other support services.Risk factors (Item 1A)

Partners and platforms

Federal Home Loan Banks (FHLB)

depends onnamed as a risk

In addition, changes to the FHLB’s or the FRB’s underwriting guidelines for wholesale borrowings or lending policies may limit or restrict our ability to borrow and could have a significant adverse impact on our liquidity as a result.Risk factors (Item 1A)

Also named by FCNCA, JPM, KKR

Other companies

Citizens Bank, N.A. (CBNA)

depends on · substantially all of its revenuenamed as a risk

The Parent Company typically receives substantially all of its revenue from dividends from CBNA and are the principal source of funds utilized to pay dividends on our equity and interest and principal on our debt.Risk factors (Item 1A)

Places

New England

concentrated in

Our retail branch footprint is predominantly in the New England, Mid-Atlantic, and Midwest regions, and our Private Bank footprint includes offices in California, Florida, New York, and Massachusetts.Business (Item 1)

Also named by BJ

Midwest

concentrated in

Also named by ARCC

Mid-Atlantic

concentrated in

As of December 31, 2025, Citizens had 17,398 full-time equivalent employees, primarily across New England and the Mid-Atlantic.Business (Item 1)

Regulators

Consumer Financial Protection Bureau (CFPB)

subject tonamed as a risk

Our operations are subject to regulation, supervision, and examination by the federal banking regulators, as well as the CFPB.Risk factors (Item 1A)

Also named by ABNB, AFRM, ALLY, AN, AUB, AXP, BAC, CASH and 61 more

Federal Deposit Insurance Corporation (FDIC)

subject tonamed as a risk

CBNA accepts customer deposits insured by the DIF and must pay insurance premiums as a result, which the FDIC may increase based on various factors, including its assessment of CBNA’s risk profile.Business (Item 1)

Also named by AFRM, BAC, BNY, CASH, CFR, COF, FCFS, FCNCA and 27 more

Office of the Comptroller of the Currency (OCC)

subject tonamed as a risk

In addition, CBNA is subject to regulation, supervision, and examination by the OCC.Risk factors (Item 1A)

Also named by ADP, AMP, AXP, BAC, BLK, C, CASH, COF and 22 more

Federal Reserve Board (FRB)

subject tonamed as a risk

As a FHC and a BHC, we are subject to regulation, supervision, and examination by the FRB.Risk factors (Item 1A)

Also named by ALLY, AMP, BPOP, C, CFR, CME, COMP, CUBI and 9 more

Commodity Futures Trading Commission (CFTC)

subject to

CBNA is a CFTC-registered swap dealer and is subject to the CFTC’s regulatory regime, including business conduct standards, recordkeeping, and transaction and financial reporting requirements.Business (Item 1)

Also named by AB, ADM, AGNC, AMG, BAC, BGC, BMNR, C and 35 more

SEC and FINRA

subject to

Our subsidiaries, Citizens Securities, Inc. and Citizens JMP Securities, LLC, are registered broker-dealers with the SEC and subject to regulation and examination by the SEC and FINRA.Business (Item 1)

Also named by GEV

Laws and programs

FDIC special assessment

subject to · approximately $230 millionnamed as a risk

CBNA’s special assessment was approximately $230 million, which remains subject to change if the eventual loss to the DIF differs from the FDIC’s current estimate.Business (Item 1)

Also named by BPOP, CFR, CUBI, EFSC, EWBC, FCNCA, GBCI, HBAN and 10 more

Basel III Endgame proposal

subject tonamed as a risk

The proposal, commonly referred to as Basel III “Endgame,” would significantly revise the capital requirements applicable to large banking organizations with total assets of $100 billion or more, including the Company and CBNA as Category IV firms.Business (Item 1)

Also named by ALLY, HBAN, NTRS, PNC, RF, STT

Long-term debt requirement proposal

subject tonamed as a risk

In August 2023, the federal banking regulators issued a proposal that would require large bank holding companies and IDIs with total assets of $100 billion or more, such as CFG and CBNA, to maintain a minimum amount of long-term debt.Business (Item 1)

Also named by ALLY, HBAN, KEY, MTB, RF, USB

Regulation II debit card interchange fee rules

subject tonamed as a risk

In October 2023, the Federal Reserve proposed amendments to these rules that would reduce this maximum permissible interchange fee and establish automatic updates to the fee every other year based on a survey of debit card issuers.Business (Item 1)

Bank Secrecy Act / Patriot Act

subject tonamed as a risk

The AMLA also increases penalties for violations of the BSA and significantly expands a whistleblower award program both of which could increase the prospect of regulatory enforcement.Business (Item 1)

Community Reinvestment Act (CRA)

subject to

CBNA received an “Outstanding” rating on its most recent CRA evaluation.Business (Item 1)

Also named by ALLY, AMP, AUB, CFR, EFSC, EWBC, FCNCA, FHN and 20 more

California climate disclosure laws

subject to

For example, California has enacted laws that impose climate-related disclosure requirements on certain companies doing business in California, while some states have enacted, or proposed to enact, divergent or sometimes conflicting statutes, including those that prohibit financial institutions from denying or canceling products or services on the basis of social credit scores and certain other factors.Business (Item 1)

Also named by GXO, IEX, LNC, POOL, SON, SSB

Tailoring Rules (Category IV)

subject to

CFG and CBNA are each subject to Category IV standards, the least restrictive of the requirements under the Tailoring Rules.Business (Item 1)

Also named by FCNCA, FITB

CFPB Personal Financial Data Rights rule

subject to

For banks with total assets between $10 billion and $250 billion, compliance with the rule is required by April 1, 2027.Business (Item 1)

Also named by FHN, USB

OCC heightened risk governance standards

subject to

CBNA is subject to OCC guidelines that impose heightened risk governance standards on large national banks with average total consolidated assets of $50 billion or more.Business (Item 1)