Citizens Financial Group, Inc. reported two developments in a July 21, 2026 Form 8-K: the filing of its second-quarter 2026 earnings materials and the launch of a proposed preferred stock offering tied to a potential redemption of an existing preferred series. The Providence, Rhode Island-based bank holding company said it had announced its second-quarter 2026 earnings on July 16, 2026. The company filed the earnings results and related financial supplement as exhibits to the current report, under Item 9.01. The exhibits are identified as Exhibit 99.1, covering the second-quarter earnings results, and Exhibit 99.2, containing the second-quarter financial supplement. More significantly, Citizens said that on July 21, 2026 it announced the launch of a proposed public offering of a new series of preferred stock: Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series J. The offering had not yet been priced at the time of the filing, and the company did not disclose the number of shares to be sold, the dividend rate, liquidation preference, pricing terms, or expected proceeds. Citizens said that if the Series J preferred stock offering is priced and closes, it intends to use the net proceeds to redeem some or all of its outstanding 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G. The Series G preferred stock carries a $1,000 liquidation preference per share and is identified by CUSIP No. 174610BD6. The contemplated redemption date would be October 6, 2026, which is a dividend payment date for the Series G preferred stock. The company emphasized that the transaction remains conditional. Pricing of the Series J offering, and therefore any redemption of the Series G preferred stock, depends on market conditions and other considerations. Citizens said there is no assurance that the offering will price or close, or that it will ultimately redeem any Series G preferred shares. If it proceeds with a redemption, Citizens expects to announce the decision through a press release or a further Form 8-K and issue an appropriate notice of redemption after the offering closes. The filing was made under Item 8.01, “Other Events,” and included standard forward-looking statement cautions. Citizens noted that statements about completion of the offering, use of proceeds, and possible redemption of the Series G preferred stock are subject to risks and uncertainties, including those discussed in its annual report for the year ended December 31, 2025. The report was signed on July 21, 2026 by Aunoy Banerjee, Executive Vice President and Chief Financial Officer.