Financial Analysis

NOTE 17 - COMMITMENTS AND CONTINGENCIES A summary of outstanding off-balance sheet arrangements is presented below: December 31, (dollars in millions) 2025 2024 Commitments to extend credit $105,880 $93,460 Letters of credit 1,902 1,845 Loans sold with recourse 85 93 Risk participation agreements 37 1 Other commitments 11 14 Total $107,915 $95,413 Commitments to Extend Credit Commitments to extend credit are agreements to lend to customers in accordance with conditions contractually agreed upon in advance. These commitments generally have fixed expiration dates or termination clauses and may require payment of a fee. Since many of these commitments are expected to expire without being drawn upon, the contract amounts are not necessarily indicative of future cash requirements. Letters of Credit Letters of credit in the table above reflect commercial, standby financial, and standby performance letters of credit. Financial and performance standby letters of credit are issued by the Company for the benefit of its customers. They are used as conditional guarantees of payment to a third party in the event the customer either fails to make specific payments (financial) or fails to complete a specific project or activity (performance). The Companys exposure to credit loss in the event of counterparty nonperformance in connection with the above instruments is represented by the contractual amount of those instruments. Letters of credit are generally secured according to the creditwort …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 11 - BORROWED FUNDS Short-term borrowed funds Borrowings with original maturities of one year or less are classified as short-term and were comprised of the following: December 31, (dollars in millions) 2025 2024 Other short-term borrowed funds (1) $58 $ Total short-term borrowed funds $58 $ (1) Consists primarily of short positions held by the Companys commercial broker dealer. See Note 12 for additional information regarding forward purchase contracts entered into to economically hedge these short positions. Long-term borrowed funds The following table presents a summary of the carrying amount of the Companys long-term borrowed funds: December 31, (dollars in millions) 2025 2024 Parent Company: 4.350% fixed-rate subordinated debt, due August 2025 $ $133 4.300% fixed-rate subordinated debt, due December 2025 336 2.850% fixed-rate senior unsecured notes, due July 2026 500 499 5.841% fixed/floating-rate senior unsecured notes, due January 2030 1,246 1,245 2.500% fixed-rate senior unsecured notes, due February 2030 299 299 3.250% fixed-rate senior unsecured notes, due April 2030 747 747 3.750% fixed-rate reset subordinated debt, due February 2031 69 69 4.300% fixed-rate reset subordinated debt, due February 2031 135 135 4.350% fixed-rate reset subordinated debt, due February 2031 60 60 5.253% fixed/floating-rate senior unsecured notes, due March 2031 747 5.718% fixed/floating-rate senior unsecured notes, due July 2032 1,244 1,243 2.638% fixed-rate subordinated debt, due Se …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following tables present noninterest income segregated by revenue from contracts with customers and revenue from other sources, disaggregated by business segment. Revenue from other sources primarily includes income from letter of credit and loan fees, foreign exchange and derivative products, and mortgage banking fees. See Note 1 for information regarding segment changes made during the fourth quarter of 2025. Year Ended December 31, 2025 (dollars in millions) Consumer Banking Commercial Banking Other Consolidated Service charges and fees $308 $134 $ $442 Capital markets fees 485 485 Wealth fees 360 360 Card fees 284 51 335 Other banking fees 3 10 13 Total revenue from contracts with customers $955 $680 $ $1,635 Total revenue from other sources (1) 297 315 147 759 Total noninterest income $1,252 $995 $147 $2,394 Year Ended December 31, 2024 (dollars in millions) Consumer Banking Commercial Banking Other Consolidated Service charges and fees $288 $128 $1 $417 Capital markets fees 445 445 Wealth fees 294 294 Card fees 284 54 24 362 Other banking fees 3 12 15 Total revenue from contracts with customers $869 $639 $25 $1,533 Total revenue from other sources (1) 262 269 112 643 Total noninterest income $1,131 $908 $137 $2,176 Year Ended December 31, 2023 (dollars in millions) Consumer Banking Commercial Banking Other Consolidated Service charges and fees $277 $132 $ $409 Capital markets fees 293 293 Wealth fees 259 259 Card fees 244 47 291 Other banking fees 3 11 14 Total reve …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

NOTE 16 - SHARE-BASED COMPENSATION The Company has share-based employee compensation plans as outlined below, pursuant to which awards are granted to employees and non-employee directors. The Company grants time-based and performance-based restricted stock units, which represent the right to receive shares of stock on a future date subject to applicable vesting conditions. Amended & Restated Citizens Financial Group, Inc. 2014 Omnibus Incentive Plan. The Company grants select employees time-based and performance-based restricted stock units under this plan. Time-based restricted stock units generally vest ratably over a 3-year period and performance-based restricted stock units generally vest in a single installment at the end of a 3-year performance period, depending on the level of performance achieved during such period relative to established targets. If a dividend is paid on shares underlying the awards prior to the date such shares are distributed, those dividends will be distributed following vesting in the same form as the dividend that was paid to common stockholders generally. Amended & Restated Citizens Financial Group, Inc. 2014 Non-Employee Directors Compensation Plan. The Company grants time-based restricted stock units to non-employee directors as compensation for their services under this plan. Restricted stock units granted to directors are fully vested on the grant date, with settlement of the awards deferred until a directors cessation of service. I …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

NOTE 18 - FAIR VALUE MEASUREMENTS The Company measures or monitors many of its assets and liabilities on a fair value basis. Fair value is used on a recurring basis for assets and liabilities for which fair value is the required or elected measurement basis of accounting. Fair value is also used on a nonrecurring basis to evaluate assets for impairment or for disclosure purposes. Nonrecurring fair value adjustments typically involve the application of lower of cost or market accounting or write-downs of individual assets. Fair value measurement guidance is also applied to disclosures in this Note related to assets and liabilities that are not required to be reported at fair value in the financial statements. Fair Value Option The Company has elected to account for residential mortgage LHFS and certain commercial LHFS at fair value. The election of the fair value option for financial assets and liabilities is optional and irrevocable. Applying fair value accounting to residential mortgage LHFS better aligns the reported results of the economic changes in the value of these loans and their related economic hedge instruments. Certain commercial LHFS are managed by a commercial secondary loan desk that provides liquidity to banks, finance companies, and institutional investors. Fair value accounting is applied to these loans since the Companys intent is to sell them in the near-term. The following table presents the difference between the aggregate fair value and the aggregate un …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

NOTE 8 - GOODWILL AND INTANGIBLE ASSETS Goodwill is the purchase premium associated with the acquisition of a business and is assigned to the Companys reporting units at the acquisition date. A reporting unit is a business operating segment or a component of a business operating segment. The Company has identified and assigned goodwill to two reporting units, Consumer Banking and Commercial Banking, based upon reviews of the structure of the Companys executive team and supporting functions, resource allocations, and financial reporting processes. Goodwill no longer retains its association with a particular acquisition once assigned to a reporting unit, and all of the activities within a reporting unit, whether acquired or organically grown, are available to support the value of the goodwill. Goodwill is subject to an annual impairment test and not amortized. Goodwill is reviewed for impairment annually as of October 1 st and in interim periods when events or changes indicate the carrying value of one or more reporting units may not be recoverable. The Company has the option to perform a qualitative assessment of goodwill to determine whether it is more likely than not that the fair value of each reporting unit is less than the carrying value. If it is more likely than not that the fair value exceeds the carrying value, then no further testing is necessary; otherwise, a quantitative assessment of goodwill must be performed. The Company may elect to bypass the qualitative asses …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 21 - INCOME TAXES Income taxes are accounted for under the asset and liability method, resulting in two components of income tax expense: current and deferred. Current income tax expense approximates taxes to be paid or refunded for the current period while deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Gross deferred tax assets and liabilities represent changes in taxes expected to be paid in the future due to the reversal of temporary differences between the financial statement carrying amount of existing assets and liabilities and their respective tax bases. The Company assesses the probability that positions taken, or expected to be taken, in its income tax returns will be sustained by taxing authorities. A more likely than not (i.e., more than 50 percent) recognition threshold must be met before a tax benefit can be recognized. Tax positions that are more likely than not to be sustained are reflected in the Companys Consolidated Financial Statements. All of the Companys Income before income tax expense as reported in the Consolidated Statements of Operations for the years ended December 31, 2025, 2024, and 2023 is attributable to domestic operations. Federal income tax expense is impacted by the amortization of certain tax-advantaged investments. See Note 9 for further details of these investments. The following table presents the components of income tax expense: (dollars in millions) Current Deferred Total …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 7 - LEASES Citizens as Lessee The Company determines if an arrangement is a lease at inception and records a right-of-use asset and a corresponding lease liability. A right-of-use asset represents the value of the Companys contractual right to use an underlying leased asset and a lease liability represents the Companys contractual obligation to make payments on the same asset. Operating and finance lease right-of-use assets and liabilities are recognized at the commencement date based on the present value of the lease payments over the non-cancelable lease term. In instances where the lease does not specify an implicit rate, the Company utilizes an incremental borrowing rate based on information available at the lease commencement date to determine the present value of the lease payments. The Company evaluates right-of-use assets for impairment when events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. The Company leases both equipment and real estate, including office and branch space, in the normal course of business. Lease terms predominantly range from one year to fifteen years and may include options to extend the lease, terminate the lease, or purchase the underlying asset at the end of the lease. Certain lease agreements include rental payments based on an index or are adjusted periodically for inflation. Lease components are accounted for as a single lease component when lease agreements contain lease and non-lea …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

NOTE 13 - EMPLOYEE BENEFIT PLANS Pension and Other Postretirement Plans The Company maintains a non-contributory pension plan (the Citizens Qualified Plan) that was closed to new hires and re-hires effective January 1, 2009, and frozen to all participants effective December 31, 2012. Benefits under the Citizens Qualified Plan are based on employees years of service and highest 5-year average of eligible compensation. The Citizens Qualified Plan is funded on a current basis, in compliance with the requirements of the Employee Retirement Income Security Act of 1974. In connection with the Companys acquisition of Investors in 2022 it withdrew from a multi-employer plan, effective June 30, 2022, and transferred the plan assets into a newly established defined benefit pension plan sponsored by the Company (the Investors Qualified Plan). The Investors Qualified Plan was closed to new hires and re-hires effective December 1, 2015, and future benefit accruals were frozen to all participants effective December 31, 2016. The Citizens Qualified Plan and the Investors Qualified Plan are collectively referred to as the Companys Qualified Plans. The Company also provides an unfunded, non-qualified supplemental retirement plan which was closed and frozen effective December 31, 2012, as well as postretirement benefit plans. As part of the Investors acquisition in 2022, the Company also obtained other frozen, non-qualified supplemental retirement and postretirement benefit plans. These plans …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 19 - NONINTEREST INCOME Revenues from Contracts with Customers A portion of the Companys noninterest income relates to certain fee-based revenue earned from contracts with customers based on the amount of consideration expected to be received upon the transfer of control of a good or service. The timing of recognition is dependent on whether a performance obligation is satisfied by transferring control of the product or service to a customer over time or at a point in time. Judgments include the timing of when performance obligations are satisfied and determination of the transaction price. The following tables present noninterest income segregated by revenue from contracts with customers and revenue from other sources, disaggregated by business segment. Revenue from other sources primarily includes income from letter of credit and loan fees, foreign exchange and derivative products, and mortgage banking fees. See Note 1 for information regarding segment changes made during the fourth quarter of 2025. Year Ended December 31, 2025 (dollars in millions) Consumer Banking Commercial Banking Other Consolidated Service charges and fees $308 $134 $ $442 Capital markets fees 485 485 Wealth fees 360 360 Card fees 284 51 335 Other banking fees 3 10 13 Total revenue from contracts with customers $955 $680 $ $1,635 Total revenue from other sources (1) 297 315 147 759 Total noninterest income $1,252 $995 $147 $2,394 Year Ended December 31, 2024 (dollars in millions) Consumer Banking …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

NOTE 24 - BUSINESS SEGMENTS The Company is managed by its CODM, the Chief Executive Officer, on a segment basis. The Companys two reportable business segments are Consumer Banking and Commercial Banking. The business segments are determined based on the products and services provided, or the type of customer served. Each business segment has a segment head that reports directly to the Chief Executive Officer, who has final authority over resource allocation decisions and performance assessment. The business segments reflect this management structure and the manner in which financial information is currently evaluated by the Chief Executive Officer. The CODM utilizes segment pretax profit or loss as the primary measure to allocate resources to the Companys business segments during the annual budgeting and forecasting process. This measure is also used to assess the performance of each segment, with a focus on monitoring net interest income, noninterest income, and noninterest expense. To ensure effective oversight, the CODM participates in monthly business review meetings, where budget- and forecast-to-actual variances for pretax profit or loss and its components are analyzed. These evaluations inform the CODMs decisions regarding the allocation of capital and resources across the business segments, ensuring alignment with the Companys strategic objectives. Developing and applying methodologies used to allocate items among the business segments is a dynamic process. Accordingl …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 15 - STOCKHOLDERS EQUITY Preferred Stock The following table summarizes the Companys preferred stock: December 31, 2025 2024 (dollars in millions, except per share data) Liquidation value per share Preferred Shares Carrying Amount Preferred Shares Carrying Amount Authorized ($25 par value per share) 100,000,000 100,000,000 Issued and outstanding: Series B $1,000 300,000 $296 300,000 $296 Series C 1,000 300,000 297 300,000 297 Series E 1,000 (1) 450,000 (2) 437 450,000 437 Series F 1,000 400,000 395 Series G 1,000 300,000 296 300,000 296 Series H 1,000 (1) 400,000 (3) 392 400,000 392 Series I 1,000 (1) 400,000 (4) 393 Total 2,150,000 $2,111 2,150,000 $2,113 (1) Equivalent to $25 per depositary share. (2) Represented by 18,000,000 depositary shares each representing a 1/40th interest in the Series E Preferred Stock. (3) Represented by 16,000,000 depositary shares each representing a 1/40th interest in the Series H Preferred Stock. (4) Represented by 16,000,000 depositary shares each representing a 1/40th interest in the Series I Preferred Stock. On July 31, 2025, the Company issued $400 million, or 400,000 shares, of 6.500% fixed-rate reset non-cumulative perpetual Series I Preferred Stock, par value of $25 per share with a liquidation preference of $1,000 per share (the Series I Preferred Stock). As a result of this issuance, the Company received net proceeds of $393 million after underwriting fees and other expenses. The Series I Preferred Stock has no stated maturity an …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 11 - COMMITMENTS AND CONTINGENCIES A summary of outstanding off-balance sheet arrangements is presented below. For more information on these arrangements, see Note 19 in the Companys 2024 Form 10-K. (dollars in millions) September 30, 2025 December 31, 2024 Commitments to extend credit $100,650 $93,460 Letters of credit 1,901 1,845 Loans sold with recourse 89 93 Risk participation agreements 29 1 Other commitments 11 14 Total $102,680 $95,413 Commitments to Extend Credit Commitments to extend credit are agreements to lend to customers in accordance with conditions contractually agreed upon in advance. These commitments generally have fixed expiration dates or termination clauses and may require payment of a fee. Since many of these commitments are expected to expire without being drawn upon, the contract amounts are not necessarily indicative of future cash requirements. Letters of Credit Letters of credit in the table above reflect commercial, standby financial, and standby performance letters of credit. Financial and performance standby letters of credit are issued by the Company for the benefit of its customers. They are used as conditional guarantees of payment to a third party in the event the customer either fails to make specific payments (financial) or fails to complete a specific project (performance). The Companys exposure to credit loss in the event of counterparty nonperformance in connection with the above instruments is represented by the contractual amount …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 7 - BORROWED FUNDS Short-term borrowed funds Borrowings with original maturities of one year or less are classified as short-term and were comprised of the following: (dollars in millions) September 30, 2025 December 31, 2024 Other short-term borrowed funds (1) $214 $ Total short-term borrowed funds $214 $ (1) Consists primarily of short positions held by the Companys commercial broker dealer. See Note 8 for additional information regarding forward purchase contracts entered into to economically hedge these short positions. Long-term borrowed funds The following table presents a summary of the Companys long-term borrowed funds: (dollars in millions) September 30, 2025 December 31, 2024 Parent Company: 4.350% fixed-rate subordinated debt, due August 2025 $ $133 4.300% fixed-rate subordinated debt, due December 2025 336 336 2.850% fixed-rate senior unsecured notes, due July 2026 500 499 5.841% fixed/floating-rate senior unsecured notes, due January 2030 1,246 1,245 2.500% fixed-rate senior unsecured notes, due February 2030 299 299 3.250% fixed-rate senior unsecured notes, due April 2030 747 747 3.750% fixed-rate reset subordinated debt, due February 2031 69 69 4.300% fixed-rate reset subordinated debt, due February 2031 135 135 4.350% fixed-rate reset subordinated debt, due February 2031 60 60 5.253% fixed/floating-rate senior unsecured notes, due March 2031 746 5.718% fixed/floating-rate senior unsecured notes, due July 2032 1,244 1,243 2.638% fixed-rate subordinated deb …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following tables present noninterest income segregated by revenue from contracts with customers and revenue from other sources, disaggregated by business segment. Revenue from other sources primarily includes income from letter of credit and loan fees, foreign exchange and derivative products, and mortgage banking fees. Three Months Ended September 30, 2025 (dollars in millions) Consumer Banking Commercial Banking Non-Core Other Consolidated Service charges and fees $78 $33 $ $ $111 Card fees 73 12 85 Capital markets fees 158 158 Wealth fees 93 93 Other banking fees 1 4 5 Total revenue from contracts with customers $245 $207 $ $ $452 Total revenue from other sources (1) 66 79 4 29 178 Total noninterest income $311 $286 $4 $29 $630 Three Months Ended September 30, 2024 (dollars in millions) Consumer Banking Commercial Banking Non-Core Other Consolidated Service charges and fees $75 $34 $ $ $109 Card fees 73 12 6 91 Capital markets fees 88 88 Wealth fees 76 76 Other banking fees 1 2 3 Total revenue from contracts with customers $225 $136 $ $6 $367 Total revenue from other sources (1) 60 71 34 165 Total noninterest income $285 $207 $ $40 $532 Nine Months Ended September 30, 2025 (dollars in millions) Consumer Banking Commercial Banking Non-Core Other Consolidated Service charges and fees $229 $101 $ $ $330 Card fees 214 38 252 Capital markets fees 348 348 Wealth fees 262 262 Other banking fees 2 8 10 Total revenue from contracts with customers $707 $495 $ $ $1,202 Total reve …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

NOTE 12 - FAIR VALUE MEASUREMENTS The Company measures or monitors many of its assets and liabilities on a fair value basis. Fair value is used on a recurring basis for assets and liabilities for which fair value is the required or elected measurement basis of accounting. Fair value is also used on a nonrecurring basis to evaluate assets for impairment or for disclosure purposes. Nonrecurring fair value adjustments typically involve the application of lower of cost or market accounting or write-downs of individual assets. Fair value measurement guidance is also applied to disclosures in this Note related to assets and liabilities that are not required to be reported at fair value in the financial statements. For more information on the measurement of fair value for the Companys assets and liabilities, including the election of the fair value option and valuation techniques utilized to measure fair value on a recurring and nonrecurring basis, see Note 20 in the Companys 2024 Form 10-K. Fair Value Option The Company has elected to account for residential mortgage LHFS and certain commercial LHFS at fair value. The following table presents the difference between the aggregate fair value and the aggregate unpaid principal balance of LHFS measured at fair value: September 30, 2025 December 31, 2024 (dollars in millions) Aggregate Fair Value Aggregate Unpaid Principal Aggregate Fair Value Greater (Less) Than Aggregate Unpaid Principal Aggregate Fair Value Aggregate Unpaid Principal …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

NOTE 13 - NONINTEREST INCOME A portion of the Companys noninterest income relates to certain fee-based revenue earned from contracts with customers based on the amount of consideration expected to be received upon the transfer of control of a good or service. For a description of the components of revenue from contracts with customers and how each component is recognized for the principal products and services of the Companys business segments, see Note 21 in the Companys 2024 Form 10-K. The following tables present noninterest income segregated by revenue from contracts with customers and revenue from other sources, disaggregated by business segment. Revenue from other sources primarily includes income from letter of credit and loan fees, foreign exchange and derivative products, and mortgage banking fees. Three Months Ended September 30, 2025 (dollars in millions) Consumer Banking Commercial Banking Non-Core Other Consolidated Service charges and fees $78 $33 $ $ $111 Card fees 73 12 85 Capital markets fees 158 158 Wealth fees 93 93 Other banking fees 1 4 5 Total revenue from contracts with customers $245 $207 $ $ $452 Total revenue from other sources (1) 66 79 4 29 178 Total noninterest income $311 $286 $4 $29 $630 Three Months Ended September 30, 2024 (dollars in millions) Consumer Banking Commercial Banking Non-Core Other Consolidated Service charges and fees $75 $34 $ $ $109 Card fees 73 12 6 91 Capital markets fees 88 88 Wealth fees 76 76 Other banking fees 1 2 3 Total …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

NOTE 16 - BUSINESS SEGMENTS The Company is managed by its CODM, the Chief Executive Officer, on a segment basis. The Companys three reportable business segments are Consumer Banking, Commercial Banking, and Non-Core. The business segments are determined based on the products and services provided, or the type of customer served. Each business segment has a segment head that reports directly to the Chief Executive Officer, who has final authority over resource allocation decisions and performance assessment. The business segments reflect this management structure and the manner in which financial information is currently evaluated by the Chief Executive Officer. The CODM utilizes segment pretax profit or loss as the primary measure to allocate resources to the Companys business segments during the annual budgeting and forecasting process. This measure is also used to assess the performance of each segment, with a focus on monitoring net interest income, noninterest income, and noninterest expense. To ensure effective oversight, the CODM participates in monthly business review meetings, where budget- and forecast-to-actual variances for pretax profit or loss and its components are analyzed. These evaluations inform the CODMs decisions regarding the allocation of capital and resources across the business segments, ensuring alignment with the Companys strategic objectives. Developing and applying methodologies used to allocate items among the business segments is a dynamic proces …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 10 - STOCKHOLDERS EQUITY Preferred Stock The following table summarizes the Companys preferred stock: September 30, 2025 December 31, 2024 (dollars in millions, except per share data) Liquidation value per share Preferred Shares Carrying Amount Preferred Shares Carrying Amount Authorized ($25 par value per share) 100,000,000 100,000,000 Issued and outstanding: Series B $1,000 300,000 $296 300,000 $296 Series C 1,000 300,000 297 300,000 297 Series E 1,000 (1) 450,000 (2) 437 450,000 437 Series F 1,000 400,000 395 Series G 1,000 300,000 296 300,000 296 Series H 1,000 (1) 400,000 (3) 392 400,000 392 Series I 1,000 (1) 400,000 (4) 393 Total 2,150,000 $2,111 2,150,000 $2,113 (1) Equivalent to $25 per depositary share. (2) Represented by 18,000,000 depositary shares each representing a 1/40th interest in the Series E Preferred Stock. (3) Represented by 16,000,000 depositary shares each representing a 1/40th interest in the Series H Preferred Stock. (4) Represented by 16,000,000 depositary shares each representing a 1/40th interest in the Series I Preferred Stock. On July 31, 2025, the Company issued $400 million, or 400,000 shares, of 6.500% fixed-rate reset non-cumulative perpetual Series I Preferred Stock, par value of $25 per share with a liquidation preference of $1,000 per share (the Series I Preferred Stock). As a result of this issuance, the Company received net proceeds of $393 million after underwriting fees and other expenses. The Series I Preferred Stock has no stat …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing