Citizens Financial Group Increases Share Repurchase Authorization to $1.5 Billion

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announced via press release that its board of directors has increased the capacity of the Company's common share repurchase program to $1.5 billion, an increase of $1.2 billion above the $300 million of capacity remaining under the prior June 2024 authorization. The decision reflects confidence in the company's financial performance and its ability to deliver capital returns to shareholders. The authorization will allow for share repurchases to be executed in the open market or in privately negotiated transactions, subject to the company's capital position and market conditions.

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About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is a regional bank holding company providing a wide array of retail and commercial banking services. Primarily operating in the northeastern United States, Citizens Financial offers traditional banking services such as savings, checking accounts, personal and business loans, as well as wealth management and insurance products. Retail banking serves a diverse customer base through a network of branches and ATMs, focusing on local communities and customer service. On the commercial side, the bank provides comprehensive financial solutions including commercial loans, leasing, and capital markets capabilities, catering to mid-sized businesses and larger institutions. Founded in 1828 and headquartered in Providence, Rhode Island, Citizens Financial Group plays a significant role in promoting economic growth through its community banking efforts, maintaining strong regional banking relationships and supporting local development projects.