---
schema_version: "secwatch.filing_event.v1"
accession: "0000759944-24-000126"
form_type: "8-K"
ticker: "CFG"
cik: "0000759944"
company_name: "CITIZENS FINANCIAL GROUP INC/RI"
filed_at: "2024-06-28T23:59:59+00:00"
generated_at: "2026-06-01T00:53:15.865412+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Citizens Financial Group preliminary SCB 4.5%; increases buyback authorization to $1.25B

## Summary
- Federal Reserve communicated preliminary Stress Capital Buffer of 4.5%, effective Oct 1, 2024; implied regulatory minimum CET1 now 9.0%.
- Company expects Q2 2024 CET1 ratio ~160 bps above regulatory minimum, indicating strong capital position.
- Board increased common share repurchase program capacity to $1.25B, an increase of $656M over prior remaining capacity.
- CFO cited improvement in modeled credit losses vs 2023 stress test, but noted PPNR decline inconsistent with company-run test.

## SEC filing metadata
- accession: 0000759944-24-000126
- form_type: 8-K
- ticker: CFG
- cik: 0000759944
- company_name: CITIZENS FINANCIAL GROUP INC/RI
- filed_at: 2024-06-28T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/759944/000075994424000126/0000759944-24-000126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/759944/000075994424000126/cfg-20240628.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000759944-24-000126
- JSON: https://secwatch.observer/filing/0000759944-24-000126.json
- Plain text: https://secwatch.observer/filing/0000759944-24-000126.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.