8-KRegulation FDExhibits & Filings

CITIZENS FINANCIAL GROUP INC/RI 8-K Report, Regulation FD Disclosure (Dec 21, 2020)

Filed December 21, 2020For Securities:CFGCFG-PHCFG-PECFG-PI

Summary

Citizens Financial Group, Inc. (CFG) announced on December 21, 2020, that it received the results of its 2020 Capital Plan resubmission and the December 2020 Stress Test from the Federal Reserve. The company's capital levels significantly exceeded all regulatory requirements under the Federal Reserve's severe stress scenarios. This positive outcome provides strong validation of the company's financial resilience and capital management. Based on these results, CFG reiterated key aspects of its 2020 Capital Plan, notably the intention to maintain its quarterly common dividends at the current level. This demonstrates the company's confidence in its capital position and its commitment to returning capital to shareholders, even amidst potential economic uncertainties.

Key Highlights

  • 1Citizens Financial Group's capital levels surpassed all Federal Reserve severe stress test requirements.
  • 2The company successfully met the results of its 2020 Capital Plan resubmission.
  • 3CFG will maintain its current quarterly common dividend rate.
  • 4The positive stress test results indicate strong financial resilience.
  • 5The company reiterates confidence in its capital management strategy.
  • 6This announcement provides clarity on the company's capital return plans for shareholders.

Frequently Asked Questions

Citizens Financial Group announced that its capital levels exceeded all requirements under the Federal Reserve's severe stress scenarios. This indicates a strong capital position and resilience.

The company reiterated its commitment to maintaining its quarterly common dividends at the current level, as outlined in its 2020 Capital Plan.

Investors can view these results as a positive sign of the company's financial health and its ability to withstand adverse economic conditions. The confirmation of current dividend levels also provides a degree of certainty for income-focused investors.

No, the information furnished under Item 7.01, including the press release, is not deemed 'filed' for the purposes of Section 18 of the Exchange Act and is not subject to the liabilities of that section. It is also not incorporated by reference into other filings.