Citizens Financial Group, Inc. (CFG) 10-Year Financial Performance & Capital Metrics

CFG • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutCitizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers deposit products, mortgage and home equity lending products, credit cards, business loans, wealth management, and investment services; and auto, education, and point-of-sale finance loans, as well as digital deposit products. This segment serves its customers through telephone service centers, as well as through its online and mobile platforms. The Commercial Banking segment provides various financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, and interest rate and commodity risk management solutions, as well as syndicated loans, corporate finance, mergers and acquisitions, and debt and equity capital markets services. This segment serves government banking, not-for-profit, healthcare, technology, professionals, oil and gas, asset finance, franchise finance, asset-based lending, commercial real estate, private equity, and sponsor finance industries. It operates approximately 1,200 branches in 14 states and the District of Columbia; 114 retail and commercial non-branch offices in national markets; and approximately 3,300 automated teller machines. The company was formerly known as RBS Citizens Financial Group, Inc. and changed its name to Citizens Financial Group, Inc. in April 2014. Citizens Financial Group, Inc. was founded in 1828 and is headquartered in Providence, Rhode Island.Show more

Net Interest Income $5.63B -9.7%
Total Revenue $12.35B +1.3%
Net Income $1.51B -6.2%
Return on Equity 6.21% -7.2%
Net Interest Margin 2.59% -7.9%
Efficiency Ratio 42.27% -6.5%
ROA 0.69% -4.2%
Equity / Assets 11.15% +1.7%
Book Value per Share 53.48 +4.7%
Tangible BV/Share 35.11 +4.6%
Debt/Equity 0.51 -10.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 42.3% efficiency ratio
✓Well capitalized: 11.2% equity/assets
✓Healthy dividend yield of 2.8%
✓Share count reduced 4.9% through buybacks
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.34%

5Y8.89%

3Y20.91%

TTM-

Profit (Net Income) CAGR

10Y5.72%

5Y-3.37%

3Y-13.34%

TTM31.38%

EPS CAGR

10Y6.93%

5Y-4.48%

3Y-16.26%

TTM40.55%

ROCE

10Y Avg5.36%

5Y Avg5.5%

3Y Avg5.2%

Latest4.45%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	3.4B	3.76B	4.17B	4.53B	4.61B	4.59B	4.51B	6.01B	6.24B	5.63B
NII Growth %	0.03%	0.1%	0.11%	0.09%	0.02%	-0.01%	-0.02%	0.33%	0.04%	-0.1%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	3.85B	4.27B	4.92B	5.76B	6.19B	5.36B	4.85B	7.06B	10.2B	10.19B
Interest Expense	452M	508M	747M	1.23B	1.57B	771M	339M	1.05B	3.96B	4.55B
Loan Loss Provision	302M	369M	321M	326M	393M	1.62B	-411M	474M	687M	687M
Non-Interest Income+	1.42B	1.5B	1.53B	1.6B	1.88B	2.32B	2.13B	2.01B	1.98B	2.16B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	5.28B	5.76B	6.45B	7.35B	8.07B	7.68B	6.99B	9.07B	12.19B	12.35B
Revenue Growth %	0.04%	0.09%	0.12%	0.14%	0.1%	-0.05%	-0.09%	0.3%	0.34%	0.01%
Non-Interest Expense	3.26B	3.35B	3.47B	3.62B	3.85B	3.99B	4.08B	4.89B	5.51B	5.22B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	1.26B	1.53B	1.91B	2.18B	2.25B	1.3B	2.98B	2.65B	2.03B	1.89B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0%	0.21%	0.25%	0.14%	0.03%	-0.42%	1.29%	-0.11%	-0.24%	-0.07%
Pretax Income+	1.26B	1.53B	1.91B	2.18B	2.25B	1.3B	2.98B	2.65B	2.03B	1.89B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	423M	489M	260M	462M	460M	241M	658M	582M	422M	379M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	840M	1.04B	1.65B	1.72B	1.79B	1.06B	2.32B	2.07B	1.61B	1.51B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.03%	0.24%	0.58%	0.04%	0.04%	-0.41%	1.19%	-0.11%	-0.22%	-0.06%
Net Income (Continuing)	840M	1.04B	1.65B	1.72B	1.79B	1.06B	2.32B	2.07B	1.61B	1.51B
EPS (Diluted)+	1.55	1.97	3.25	3.52	3.81	2.22	5.16	4.10	3.13	3.03
EPS Growth %	0%	0.27%	0.65%	0.08%	0.08%	-0.42%	1.32%	-0.21%	-0.24%	-0.03%
EPS (Basic)	1.55	1.97	3.26	3.54	3.82	2.22	5.18	4.12	3.14	3.04
Diluted Shares Outstanding	538.22M	523.93M	503.69M	480.43M	451.21M	428.16M	427.44M	477.8M	476.69M	453.51M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	3.44B	4.14B	3.22B	4.22B	3.68B	13.04B	9.47B	10.85B	12.03B	11.24B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	113.65B	128.39B	132.5B	138.06B	142.66B	150.13B	157.14B	188.51B	182.58B	178.51B
Investments Growth %	0.01%	0.13%	0.03%	0.04%	0.03%	0.05%	0.05%	0.2%	-0.03%	-0.02%
Long-Term Investments	100.05B	109.15B	112.44B	118.53B	122.41B	127.74B	131.71B	164.77B	152.91B	145.9B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	6.88B	6.88B	6.89B	6.92B	7.04B	7.05B	7.12B	8.17B	8.19B	8.19B
Intangible Assets	0	0	0	0	0	0	64M	197M	157M	146M
PP&E (Net)	595M	601M	685M	791M	761M	759M	768M	844M	895M	875M
Other Assets	9.69B	5.8B	5.89B	7.64B	9.06B	10.45B	12.31B	16.7B	16.96B	17.54B
Total Current Assets	21B	27.09B	26.43B	26.64B	26.45B	37.35B	36.44B	36.04B	42.85B	44.88B
Total Non-Current Assets	117.21B	122.43B	125.9B	133.88B	139.28B	146B	151.97B	190.69B	179.12B	172.65B
Total Assets+	138.21B	149.52B	152.34B	160.52B	165.73B	183.35B	188.41B	226.73B	221.96B	217.52B
Asset Growth %	0.04%	0.08%	0.02%	0.05%	0.03%	0.11%	0.03%	0.2%	-0.02%	-0.02%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	13.32B	17.15B	14.44B	17.24B	14.32B	8.59B	7.01B	15.89B	13.97B	12.4B
Net Debt	9.88B	13.01B	11.21B	13.02B	10.64B	-4.45B	-2.47B	5.04B	1.94B	1.17B
Long-Term Debt	9.89B	12.79B	11.77B	14.43B	14.05B	8.35B	6.93B	15.89B	13.47B	10.41B
Short-Term Debt	3.43B	4.36B	2.67B	2.81B	274M	243M	74M	3M	505M	1.99B
Other Liabilities	1.98B	2.11B	1.97B	2.31B	3.03B	4.29B	3.62B	6.43B	6.31B	6.09B
Total Current Liabilities	105.97B	114.16B	117.76B	122.38B	125.59B	147.41B	154.44B	180.73B	177.85B	176.76B
Total Non-Current Liabilities	12.59B	15.61B	14.31B	17.32B	17.95B	13.27B	10.55B	22.32B	19.77B	16.5B
Total Liabilities	118.56B	129.77B	132.07B	139.7B	143.53B	160.68B	164.99B	203.04B	197.62B	193.27B
Total Equity+	19.65B	19.75B	20.27B	20.82B	22.2B	22.67B	23.42B	23.69B	24.34B	24.25B
Equity Growth %	0.02%	0.01%	0.03%	0.03%	0.07%	0.02%	0.03%	0.01%	0.03%	-0%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.04%	0.05%	0.08%	0.08%	0.08%	0.05%	0.1%	0.09%	0.07%	0.06%
Book Value per Share	36.50	37.69	40.24	43.33	49.20	52.95	54.79	49.58	51.06	53.48
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	6M	6M	6M	6M	6M	6M	6M	6M	6M	7M
Additional Paid-in Capital	18.73B	18.72B	18.78B	18.82B	18.89B	18.94B	19B	22.14B	22.25B	22.36B
Retained Earnings	1.91B	2.7B	4.16B	5.38B	6.5B	6.45B	7.98B	9.16B	9.82B	10.41B
Accumulated OCI	-387M	-668M	-820M	-1.1B	-411M	-60M	-665M	-4.56B	-3.76B	-3.6B
Treasury Stock	-858M	-1.26B	-2.11B	-3.13B	-4.35B	-4.62B	-4.92B	-5.07B	-5.99B	-7.05B
Preferred Stock	247M	247M	247M	840M	1.57B	1.97B	2.01B	2.01B	2.01B	2.11B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.23B	1.49B	1.88B	1.77B	1.7B	111M	2.27B	4.12B	2.96B	2B
Operating CF Growth %	-0.12%	0.21%	0.26%	-0.06%	-0.04%	-0.93%	19.5%	0.81%	-0.28%	-0.32%
Net Income	840M	1.04B	1.65B	1.72B	1.79B	1.06B	2.32B	2.07B	1.61B	1.51B
Depreciation & Amortization	471M	515M	487M	489M	633M	578M	625M	565M	478M	498M
Deferred Taxes	249M	153M	-136M	97M	64M	-238M	-429M	57M	-242M	-177M
Other Non-Cash Items	273M	87M	453M	333M	-310M	1.64B	663M	2.2B	757M	645M
Working Capital Changes	-628M	-333M	-621M	-914M	-522M	-2.98B	-962M	-858M	273M	-571M
Cash from Investing+	-5.91B	-11.33B	-3.98B	-7.08B	-3.88B	-6.14B	-10.49B	-12.64B	5.25B	2.99B
Purchase of Investments	-7.96B	-8.6B	-6.29B	-4.27B	-8.42B	-9.27B	-12.41B	-10.78B	-10.09B	-9.76B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	-533M	-129M	-3M	-165M	-255M	0	0
Other Investing	-6.21B	-9.37B	-3.62B	-6.82B	-4.56B	-5.17B	-7.4B	-7.12B	9.8B	5.28B
Cash from Financing+	4.49B	10.46B	1.43B	6.35B	1.49B	15.37B	4.64B	9.91B	-7.13B	-6.01B
Dividends Paid	-221M	-255M	-336M	-485M	-682M	-770M	-783M	-892M	-928M	-903M
Share Repurchases	-500M	-430M	-820M	-1.02B	-1.22B	-270M	-295M	-153M	-906M	-1.35B
Stock Issued	0	0	0	0	0	0	0	0	0	392M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	3.36B	7.61B	4.93B	4.47B	5.72B	21.75B	7.17B	6.12B	-3.36B	-2.55B
Net Change in Cash+	-191M	619M	-672M	1.04B	-688M	9.35B	-3.58B	1.39B	1.08B	-1.03B
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	3.28B	3.08B	3.7B	3.03B	4.07B	3.39B	12.73B	9.16B	10.55B	11.63B
Cash at End	3.08B	3.7B	3.03B	4.07B	3.39B	12.73B	9.16B	10.55B	11.63B	10.6B
Interest Paid	454M	505M	716M	1.18B	1.56B	837M	347M	989M	3.64B	4.38B
Income Taxes Paid	157M	94M	371M	241M	326M	261M	1.25B	183M	375M	208M
Free Cash Flow+	930M	1.19B	1.44B	1.53B	1.6B	-7M	2.15B	3.99B	2.79B	1.88B
FCF Growth %	-0.14%	0.28%	0.22%	0.06%	0.04%	-1%	308.29%	0.86%	-0.3%	-0.33%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.32%	5.31%	8.26%	8.38%	8.33%	4.71%	10.06%	8.8%	6.7%	6.21%
Return on Assets (ROA)	0.62%	0.73%	1.09%	1.1%	1.1%	0.61%	1.25%	1%	0.72%	0.69%
Net Interest Margin	2.46%	2.51%	2.74%	2.82%	2.78%	2.5%	2.39%	2.65%	2.81%	2.59%
Efficiency Ratio	61.77%	58.16%	53.83%	49.21%	47.69%	51.99%	58.42%	53.94%	45.19%	42.27%
Equity / Assets	14.21%	13.21%	13.31%	12.97%	13.4%	12.37%	12.43%	10.45%	10.97%	11.15%
Book Value / Share	36.5	37.69	40.24	43.33	49.2	52.95	54.79	49.58	51.06	53.48
NII Growth	3.06%	10.46%	11.04%	8.6%	1.81%	-0.61%	-1.61%	33.24%	3.81%	-9.74%
Dividend Payout	25.48%	23.06%	19.49%	27.37%	34.45%	63.58%	28.89%	37.58%	50.25%	50.96%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Service Charges and Fees	-	-	-	513M	503M	401M	407M	418M	409M	417M
Service Charges and Fees Growth	-	-	-	-	-1.95%	-20.28%	1.50%	2.70%	-2.15%	1.96%
Card Fees	-	-	-	244M	254M	216M	248M	271M	291M	362M
Card Fees Growth	-	-	-	-	4.10%	-14.96%	14.81%	9.27%	7.38%	24.40%
Trust and Investment Services Fees	-	-	-	171M	202M	203M	239M	250M	259M	-
Trust and Investment Services Fees Growth	-	-	-	-	18.13%	0.50%	17.73%	4.60%	3.60%	-
Consumer Banking	3.11B	3.33B	3.56B	-	-	-	-	-	-	-
Consumer Banking Growth	-	7.01%	6.92%	-	-	-	-	-	-	-
Commercial Banking	2.5B	2.5B	1.95B	-	-	-	-	-	-	-
Commercial Banking Growth	-	0.00%	-22.04%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Citizens Financial Group, Inc. (CFG) has a price-to-earnings (P/E) ratio of 20.0x. This is roughly in line with market averages.

Growth & Financials

Citizens Financial Group, Inc. (CFG) grew revenue by 1.3% over the past year. Growth has been modest.

Yes, Citizens Financial Group, Inc. (CFG) is profitable, generating $1.70B in net income for fiscal year 2024 (12.2% net margin).

Dividend & Returns

Yes, Citizens Financial Group, Inc. (CFG) pays a dividend with a yield of 2.80%. This makes it attractive for income-focused investors.

Citizens Financial Group, Inc. (CFG) has a return on equity (ROE) of 6.2%. This is below average, suggesting room for improvement.

Industry Metrics

Citizens Financial Group, Inc. (CFG) has a net interest margin (NIM) of 2.6%. NIM has been under pressure due to interest rate environment.

Citizens Financial Group, Inc. (CFG) has an efficiency ratio of 42.3%. This is excellent, indicating strong cost control.

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