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CFG 424B2: Secondary offering

Filed with the SEC on · accession 0001193125-26-309600

CFG filed a 424B2 (prospectus (offering)) with the SEC on Jul 21, 2026. Citizens Financial Group is offering shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series J, with a liquidation preference of $1,000 per share. The stock moved +0.7% by the first close after the filing.

Summary of the filing

Citizens Financial Group is offering shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series J, with a liquidation preference of $1,000 per share. The offering is being made pursuant to a preliminary prospectus supplement dated July 21, 2026.

For details, click here →How to read a 424B2 →

Key details

Liquidation preference per share$1K
IssuerCitizens Financial Group, Inc.
UnderwriterBofA Securities
UnderwriterJ.P. Morgan
UnderwriterMorgan Stanley
UnderwriterWells Fargo Securities
UnderwriterCitizens Capital Markets

How CFG stock reacted

Close before

$71.50

Jul 20, 2026

First close after

+0.70%

$72.00

5 trading days

-0.56%

$71.10

Since filing

-11.55%

$63.24

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Frequently asked questions

What did CFG file with the SEC on Jul 21, 2026?

CFG filed a 424B2 (Secondary offering). Citizens Financial Group is offering shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series J, with a liquidation preference of $1,000 per share. The offering is being made pursuant to a preliminary prospectus supplement dated July 21, 2026.

What does a secondary offering mean for CFG stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B2?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B2 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did CFG stock react to this filing?

CFG closed at $71.50 before the filing and $72.00 on Jul 21, 2026 (+0.70%). Five trading days later: $71.10 (-0.56%).

Other CFG SEC filings

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