CITIZENS FINANCIAL GROUP INC/RI 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 Depositary Shares, each representing a 1/40th interest in a share of 5.000% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series E false 0000759944 0000759944 2021-01-20 2021-01-20 0000759944 us-gaap:CommonStockMember 2021-01-20 2021-01-20 0000759944 cfg:DepositarySharesEachRepresentingA140thInterestInAShareOf5.000FixedRateNonCumulativeMember 2021-01-20 2021-01-20 0000759944 us-gaap:SeriesEPreferredStockMember 2021-01-20 2021-01-20

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 20, 2021

CITIZENS FINANCIAL GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware |  | 001-36636 |  | 05-0412693
(State or other jurisdiction of incorporation ) |  | (Commission File No.) |  | (IRS Employer Identification No.)
One Citizens Plaza Providence, RI |  | 02903
(Address of principal executive offices) |  | (Zip code)

Registrant’s telephone number, including area code: (401) 456-7000

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class |  | Trading symbol(s) |  | Name of each exchange on which registered
Common stock, $0.01 par value per share |  | CFG |  | New York Stock Exchange
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 |  | CFG PrD |  | New York Stock Exchange
Depositary Shares, each representing a 1/40th interest in a share of 5.000% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series E |  | CFG PrE |  | New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On January 20, 2021, Citizens Financial Group, Inc. (the “Company”) issued a press release announcing its fourth quarter and full year 2020 earnings and posted on its website the press release and a financial supplement. Copies of the press release and financial supplement are included as Exhibits 99.1 and 99.3, respectively, to this Current Report on Form 8-K and incorporated herein by reference.

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.

Item 9.01 Financial Statements and Exhibits.

|  | Exhibit Number |  | Description
(d) |  | Exhibit 99.1 |  | Citizens Financial Group, Inc. press release dated January 20, 2021
|  | The quotation on page 1 of Exhibit 99.1 (the “Excluded Section”) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section, nor shall the Excluded Section be deemed incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended (the “Securities Act”) or the Exchange Act. The information included in Exhibit 99.1, other than the Excluded Section, shall be deemed “filed” for purposes of the Exchange Act.
|  | Exhibit 99.2 |  | Citizens Financial Group, Inc. earnings release presentation issued January 20, 2021
|  | The information included in Exhibit 99.2 shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that Section, and shall not be deemed incorporated by reference into any of the Company’s filings under the Securities Act or the Exchange Act.
|  | Exhibit 99.3 |  | Citizens Financial Group, Inc. financial supplement for fourth quarter and full year 2020
|  | The information included in Exhibit 99.3 shall be deemed “filed” for purposes of the Exchange Act.
|  | Exhibit 104 |  | Cover Page Interactive Data File (embedded within the Inline XBRL document)

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 Chairman and Chief Financial Officer

Date: January 20, 2021