Citizens Financial Group (CFG) risk factors: FY2025 10-K

1. We may not be able to successfully execute our business strategy.
2. Supervisory requirements and expectations on us as a financial holding company and a bank holding company and any regulator-imposed limits on our activities could adversely affect our ability to implement our strategic plan, expand our business, continue to improve our financial performance, and make capital distributions to our stockholders.
3. Inflationary pressures could have an adverse effect on our business, financial position, and results of operations.
4. Our ability to meet our obligations, and the cost of funds to do so, depend on our ability to access identified sources of liquidity at a reasonable cost.
5. Changes in interest rates may have an adverse effect on our liquidity and profitability.Interest rates
6. We could fail to attract, retain, or motivate highly-skilled and qualified personnel, including our senior management, other key employees, or members of our Board, which could impair our ability to successfully execute our strategic plan and otherwise adversely affect our business.
7. A reduction in our credit ratings could have a material adverse effect on our business, financial condition, and results of operations.
8. Our financial performance may be adversely affected by deterioration in borrower credit quality.
9. Our framework for managing risks may not be effective in mitigating risk and loss.
10. Changes in our accounting policies or standards could materially affect how we report our financial results and condition.
11. Our financial and accounting estimates and risk management framework rely on analytical forecasting and models.
12. The preparation of our financial statements requires us to make subjective determinations and use estimates that may vary from actual results and materially impact our financial condition and results of operations.
13. Operational risks are inherent in our businesses.
14. The financial services industry, including the banking sector, continues to make technological enhancements to meet customer preferences, as well as meet legal and regulatory requirements, and we may not be able to compete effectively as a result of these changes.
15. We are subject to a variety of cybersecurity risks that, if realized, could adversely affect how we conduct our business.Cybersecurity
16. We rely heavily on communications and information systems to conduct our business.
17. We rely on third parties for the performance of a significant portion of our information technology.
18. We are exposed to reputational risk and the risk of damage to our brands and the brands of our affiliates.
19. Unpredictable catastrophic events could have an adverse effect on our business, financial position, and results of operations.
20. The effects of geopolitical instability may adversely affect us and create significant risks and uncertainties for our business, with the ultimate impact dependent on future developments, which are highly uncertain and unpredictable.
21. Any deterioration in national economic and political conditions could have a material adverse effect on our business, financial condition, and results of operations.reworded
22. Climate change manifesting as physical or transition risks could adversely affect our operations, businesses, and customers.

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1. We operate in an industry that is highly competitive, which could result in losing business or margin declines and have a material adverse effect on our business, financial condition, and results of operations.
2. The conditions of other financial institutions or of the financial services industry could adversely affect our operations and financial condition.

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1. As a financial holding company and a bank holding company, we are subject to regulation that could have a material adverse effect on our business and results of operations.reworded
2. Our regulators may impose restrictions or limitations on our operations.
3. The regulatory environment in which we operate continues to be subject to evolving regulatory requirements that could have a material adverse effect on our business and earnings.reworded
4. We are subject to capital adequacy and liquidity standards, and if we fail to meet these standards our financial condition and operations would be adversely affected.
5. The Parent Company could be required to act as a “source of strength” to CBNA, which would have a material adverse effect on our business, financial condition, and results of operations.
6. The Parent Company depends on CBNA for substantially all of its revenue, and restrictions on dividends and other distributions by CBNA could affect its liquidity and ability to fulfill its obligations.
7. From time-to-time, we may become or are subject to regulatory actions that may have a material impact on our business.
8. We are and may be subject to litigation that may have a material impact on our business.
9. Compliance with anti-money laundering and anti-terrorism financing rules involves significant cost and effort.

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1. Our stock price may be volatile, and you could lose all or part of your investment as a result.
2. We may not repurchase shares or pay cash dividends on our common stock.
3. “Anti-takeover” provisions and the regulations to which we are subject may make it more difficult for a third party to acquire control of us, even if the change in control would be beneficial to stockholders.

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