Citizens Financial Files 8-K on Operations, Financial Condition

Ticker: CFG-PI · Form: 8-K · Filed: Jan 17, 2024 · CIK: 759944

Citizens Financial Group Inc/Ri 8-K Filing Summary
FieldDetail
CompanyCitizens Financial Group Inc/Ri (CFG-PI)
Form Type8-K
Filed DateJan 17, 2024
Risk Levellow
Pages2
Reading Time2 min
Key Dollar Amounts$0.01
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: financial-results, regulation-fd, corporate-governance

TL;DR

**Citizens Financial just dropped an 8-K with fresh financial results and disclosures.**

AI Summary

Citizens Financial Group Inc./RI filed an 8-K on January 17, 2024, to report its results of operations and financial condition, along with Regulation FD disclosure. This filing is significant for investors because it provides updated financial information, including details about its Common Stock, Series D Preferred Stock, and Series E Preferred Stock, all registered on the New York Stock Exchange. Understanding these updates helps shareholders assess the company's current financial health and future prospects, directly impacting their investment decisions.

Why It Matters

This filing provides crucial, up-to-date financial information that helps investors evaluate Citizens Financial Group's performance and make informed decisions about buying, holding, or selling its stock.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results and operations, not indicating any immediate new risks.

Analyst Insight

Investors should review the full financial statements when they become available to understand the detailed performance metrics and financial health of Citizens Financial Group, especially concerning its common and preferred stock.

Key Numbers

  • $0.01 — par value per share (par value of Common Stock)
  • 6.350% — fixed-to-floating rate (interest rate for Series D Preferred Stock)
  • 1/40th — interest in a share (representation of Depositary Shares for Series D Preferred Stock)

Key Players & Entities

  • CITIZENS FINANCIAL GROUP INC/RI (company) — the registrant filing the 8-K
  • New York Stock Exchange (company) — where Citizens Financial Group's securities are registered
  • Delaware (company) — state of incorporation for Citizens Financial Group
  • 001-36636 (dollar_amount) — Commission File Number
  • 05-0412693 (dollar_amount) — I.R.S. Employer Identification Number
  • January 17, 2024 (date) — date of earliest event reported and filing date

Forward-Looking Statements

  • Citizens Financial Group will likely provide more detailed financial statements in its upcoming 10-K filing. (CITIZENS FINANCIAL GROUP INC/RI) — high confidence, target: Q1 2024

FAQ

What is the primary purpose of this 8-K filing by Citizens Financial Group Inc./RI?

The primary purpose of this 8-K filing is to report the company's results of operations and financial condition, as well as to provide Regulation FD Disclosure, as indicated under 'ITEM INFORMATION: Results of Operations and Financial Condition' and 'ITEM INFORMATION: Regulation FD Disclosure'.

On what date was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 17, 2024, as stated under 'Date of Report (Date of earliest event reported): January 17, 2024'.

Which types of securities of Citizens Financial Group Inc./RI are registered pursuant to Section 12(b) of the Act?

The securities registered pursuant to Section 12(b) of the Act include 'Common stock, $0.01 par value per share', 'Depositary Shares, each representing a 1/40th interest in a share of 6.350% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D', and 'Series E Preferred Stock' (implied by the us-gaap:SeriesEPreferredStockMember tag).

What is the trading symbol for Citizens Financial Group Inc./RI's Common Stock?

The trading symbol for Citizens Financial Group Inc./RI's Common Stock is 'CFG', as listed under 'Title of each class' and 'Trading symbol(s)' in the filing.

Where is Citizens Financial Group Inc./RI's principal executive office located?

Citizens Financial Group Inc./RI's principal executive office is located at One Citizens Plaza, Providence, RI 02903, as detailed in the 'BUSINESS ADDRESS' section of the filing.

Filing Stats: 623 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2024-01-17 06:29:09

Key Financial Figures

  • $0.01 — ange on which registered Common stock, $0.01 par value per share CFG New York Stock

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On January 17, 2024, Citizens Financial Group, Inc. (the "Company") issued a press release announcing its fourth quarter and full year 2023 earnings and posted on its website the press release and a financial supplement. Copies of the press release and financial supplement are being furnished as Exhibits 99.1 and 99.3, respectively.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. For the benefit of investors, the Company has posted on its website an investor presentation in connection with its earnings conference call. A copy of the investor presentation is being furnished as Exhibit 99.2. The information in this Form 8-K and Exhibits attached hereto are being furnished pursuant to Items 2.02 and 7.01, respectively, and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall this information be deemed incorporated by reference into any filings under the Securities Act of 1933, as amended.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit Number Description (d) Exhibit 99.1 Citizens Financial Group, Inc. press release dated January 1 7 , 202 4 Exhibit 99.2 Citizens Financial Group, Inc. earnings release presentation issued January 1 7 , 202 4 Exhibit 99.3 Citizens Financial Group, Inc. financial supplement for fourth quarter and f ull year 202 3 Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CITIZENS FINANCIAL GROUP, INC. By: /s/ John F. Woods John F. Woods Vice Chair and Chief Financial Officer Date: January 17, 2024

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