Citizens Financial Group, Inc. (NYSE: CFG) announced that Citizens Bank, N.A. has increased its prime lending rate to 7.00% from 6.75%. The change is effective Thursday, September 17, 2026.

The 25 basis point increase affects variable-rate loans tied to the prime index, including credit cards and home equity lines of credit.

Rate Adjustment Details

About Citizens Financial Group

Citizens Financial Group is one of the nation’s oldest and largest financial institutions, with $233.8 billion in assets as of June 30, 2026. Headquartered in Providence, Rhode Island, the bank offers retail, private banking, wealth management, and commercial banking products.

Its Consumer Banking division provides mobile and online banking, a full-service contact center, and access to approximately 3,000 ATMs and 1,000 branches across 14 states and the District of Columbia. Commercial Banking services include lending, treasury management, and capital markets capabilities.

Citizens Financial Group, Inc. (NYSE: CFG) has declared quarterly cash dividends on six distinct series of its preferred stock, providing income to investors holding these instruments. The Board of Directors approved the payouts, which are scheduled to be paid on October 6, 2026, to shareholders who held their positions at the close of business on the record date of September 21, 2026. This declaration ensures continued distribution to holders of the bank’s fixed-to-floating and fixed-rate perpetual preferred securities.

The dividend amounts vary by series, reflecting the different coupon rates and structures associated with each class of stock. For the Series B and Series C stocks, which feature fixed-to-floating rate mechanisms, the per-share dividends are set at $17.93138778 and $18.32494333, respectively. These higher values correspond to their respective 6.000% and 6.375% initial rates.

For the fixed-rate series, the payouts are structured differently. The Series E stock, carrying a 5.000% fixed rate, will pay $12.50 per share. This amount translates to $0.3125 per depositary share, with each depositary share representing a 1/40th interest in a full share of the preferred stock. Similarly, the Series G stock, a 4.000% fixed-rate reset instrument, will receive a $10.00 per-share dividend.

The remaining two series also involve depositary shares. The Series H stock, with a 7.375% fixed rate, will pay $18.4375 per share, equivalent to $0.46093750 per depositary share. The Series I stock, a 6.500% fixed-rate reset instrument, will pay $16.25 per share, or $0.40625 per depositary share. All series are non-cumulative and perpetual in nature.

Citizens Financial Group, Inc. is headquartered in Providence, Rhode Island, and reported $233.8 billion in assets as of June 30, 2026. The bank operates through Consumer Banking and Commercial Banking segments, offering retail, private banking, wealth management, and corporate finance services across 14 states and the District of Columbia.