Citizens Financial sees 2025 NIM up 3%-5%

Sees 2025: NIM of ~3.00%; Spot loans up low single digits driven by Private Bank and 2H25 Commercial activity; up mid single digits excluding Non-Core; Average loans down ~2%-3% reflecting 2H24 drop and continuing Non-Core run off; Interest earning assets down ~1%; Noninterest income up ~8%-10% driven primarily by Capital Markets and Wealth; Noninterest expense up ~4%; up ~2.6% ex Private Bank & Private Wealth; Net charge-off ratio ~$650M-$700M; high-40s bps; ACL likely to see releases over the course of the year; CET1 ratio 10.5%-10.75%; share repurchases dependent on market conditions and loan growth; Tax rate ~21%. Comments taken from investor presentation slides.