Citizens Financial Group

Capital and liquidity are solid: CET1 ~10.7% in Q3 2025 (10.6% in Q2), tangible common equity ratio ~7.4% in Q3, LDR ~78 to 80, and TBVPS increased to ~$36.7. Even adjusting for AOCI opt‑out removal, management cited CET1 in the ~9.1 to 9.4% range, which still provides headroom to minimums plus SCB.

The 2024 SCB was communicated at 4.5% effective Oct 1, 2024, implying a total CET1 requirement near 9% absent a GSIB surcharge. Liquidity coverage is strong. Credit metrics show NCOs in the ~0.46 to 0.58% range recently, an ACL of ~1.56 to 1.59%, and elevated but well‑reserved general office CRE with ~12% coverage.