Every material Form 8-K Citizens Financial filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Citizens Financial Group reported third quarter 2025 net income of $494 million and diluted EPS of $1.05, up from $436 million and $0.92 in the second quarter and $382 million and $0.77 a year earlier. Total revenue reached $2,118 million, and the board declared a quarterly common dividend of $0.46 per share, a 9.5% increase from the prior quarter.
Net income of $494 million, versus $436 million in Q2 2025 and $382 million in Q3 2024
Diluted EPS of $1.05, versus $0.92 in Q2 2025 and $0.77 in Q3 2024
Total revenue of $2,118 million, up 4% from Q2 2025; no notable items in Q3 2025
Quarterly dividend of $0.46 per share, up $0.04 or 9.5%, payable November 12, 2025 to holders of record on October 29, 2025
Citizens Financial Group named Ted Swimmer, head of capital markets and advisory for Citizens Commercial Banking, as Head of Commercial Banking, effective immediately. He succeeds Don McCree, who stays on as Chair of Commercial Banking until he retires at the end of March 2026, so the change is planned and includes a transition period.
Ted Swimmer named Head of Commercial Banking effective October 7, 2025
Swimmer succeeds Don McCree, who retires at the end of March 2026
Swimmer joined Citizens in 2010 and was named to the Executive Committee in 2018
Citizens reported $218.3 billion in assets as of June 30, 2025
Citizens Financial Group named Aunoy Banerjee, currently CFO of Barclays Bank PLC, as its Executive Vice President and Chief Financial Officer, effective when he joins on October 24, 2025. Current CFO John Woods leaves on August 15, 2025, and Chris Emerson will serve as interim CFO until Banerjee starts, so the bank's finance leadership changes in the coming months.
Banerjee joins Citizens on October 24, 2025; Chris Emerson serves as interim CFO after John Woods departs on August 15, 2025.
Employment agreement sets a $700,000 annual base salary and guaranteed 2025 incentive compensation of $3,700,000, reduced by role-based allowance from his former employer.
A buy-out award with a grant value of approximately $5,000,000 compensates him for forfeited Barclays awards, paid in cash and restricted stock units vesting over four years.
Citizens Financial Group reported second quarter 2025 net income of $436 million and diluted EPS of $0.92, up from $0.77 in the first quarter and $0.78 a year earlier. Total revenue rose 5% from the first quarter to $2,037 million, and the board declared a quarterly dividend of $0.42 per share. Management said some sizable M&A advisory fees moved into July, and the filing describes a broad 'Reimagining the Bank' initiative.
Diluted EPS of $0.92 versus $0.77 in Q1 2025 and $0.78 in Q2 2024; no notable items in Q2 2025 or Q1 2025
Total revenue of $2,037 million, up 5% from Q1 2025; noninterest income of $600 million, up 10%
Quarterly common dividend of $0.42 per share, payable August 14, 2025 to holders of record on July 31, 2025
Common equity tier 1 ratio of 10.6% at June 30, 2025; board raised the repurchase program capacity to $1.5 billion on June 12, 2025
Citizens Financial Group named Brendan Coughlin, previously Vice Chair and head of Consumer, Private Banking and Wealth, to the new role of President, reporting to Chairman and CEO Bruce Van Saun. The bank also said Vice Chair and CFO John Woods will leave in August 2025 to take another opportunity, and it will begin a formal search for his replacement.
Brendan Coughlin promoted to President; his scope now also includes Enterprise Data & Analytics and Marketing
John Woods, Vice Chair and CFO, notified the company on April 24, 2025 of his decision to depart
Woods is expected to leave in August 2025; the company will start an internal and external search for a successor
Filing states the departure is for personal reasons and not due to any disagreement on finances, accounting, operations, policies or practices
Citizens Financial Group reported first quarter 2025 net income of $373 million, or $0.77 diluted EPS, compared with $0.65 a year earlier and $0.83 in fourth quarter 2024. Total revenue fell 1% from a year earlier and 3% from the prior quarter, while reported EPS rose year over year, so the headline results point in different directions for shareholders.
Net income of $373 million, down 7% from $401 million in fourth quarter 2024 and up 12% from $334 million in first quarter 2024.
Total revenue of $1.935 billion, down 3% from fourth quarter 2024 and down 1% from first quarter 2024.
Agreement to sell about $1.9 billion of Non-Core education loans, with $200 million settled in first quarter 2025.
Board declared a quarterly common dividend of $0.42 per share, payable May 14, 2025, to holders of record on April 30, 2025.
Citizens Financial Group reported fourth quarter 2024 net income of $401 million, or $0.83 per diluted share, up from $0.77 in the third quarter and $0.34 a year earlier. Underlying EPS was $0.85, up from $0.79 in the third quarter and flat versus $0.85 a year earlier. For full year 2024, net income was $1.5 billion and EPS was $3.03, compared with $3.13 in 2023, while underlying EPS fell to $3.24 from $3.88.
Q4 2024 total revenue was $1,986 million, up from $1,901 million in Q3 2024 and $1,988 million in Q4 2023.
Q4 2024 underlying EPS was $0.85 and underlying ROTCE was 10.7%; CET1 ratio was 10.8%.
Board declared a quarterly common dividend of $0.42 per share, payable February 14, 2025, to holders of record on January 31, 2025.
Period-end loans and leases fell 1.7% from the prior quarter to $139.2 billion.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Citizens Financial filing is on SEC EDGAR ↗. 8-K briefs of other companies →