regulatory
confidence high
sentiment positive
materiality 0.70
Citizens Financial announces preliminary Stress Capital Buffer of 4.0%; CET1 minimum rises to 8.5%
CITIZENS FINANCIAL GROUP INC/RI
- Federal Reserve preliminary SCB of 4.0%, effective October 1, 2023.
- Implied regulatory minimum CET1 ratio increases to 8.5% from 7.9%.
- Expects Q2 2023 CET1 ratio ~175 bps above implied regulatory minimum.
- Remaining share repurchase authorization capacity of $1.344B as of June 30, 2023.