The bank maintains a consistent capital structure with an equity-to-assets ratio of 0.11, while total assets have grown to $227.9 billion primarily through an expanded investment securities portfolio.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Cash & Short Term Investments | 153.13B | 49.38B | 43.85B | 41.7B | 34.59B | 34.9B | 35.43B | 23.94B | 23.75B | 23.29B | 23.39B | 17.04B | 22.3B | 18.98B | 21.55B |
| Cash & Due from Banks | 12.33B | 12.73B | 11.24B | 12.03B | 10.85B | 9.47B | 13.04B | 3.68B | 4.22B | 3.22B | 4.14B | 3.44B | 3.65B | 2.99B | 3.19B |
| Short Term Investments | 0 | 36.66B | 32.61B | 29.67B | 23.74B | 25.43B | 22.39B | 20.25B | 19.53B | 20.07B | 19.25B | 13.6B | 18.66B | 15.99B | 18.36B |
| Total Investments | 188.24B | 44.59B | 178.51B | 182.58B | 188.51B | 157.14B | 150.13B | 142.66B | 138.06B | 132.5B | 128.39B | 113.65B | 113B | 103.12B | 103.8B |
| Investments Growth % | -69.33% | -75.02% | -2.23% | -3.15% | 19.96% | 4.67% | 5.24% | 3.33% | 4.19% | 3.2% | 12.97% | 0.58% | 9.58% | -0.65% | - |
| Long-Term Investments | 493.62B | 7.93B | 145.9B | 152.91B | 164.77B | 131.71B | 127.74B | 122.41B | 118.53B | 112.44B | 109.15B | 100.05B | 94.34B | 87.13B | 85.44B |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 8.33B | 8.3B | 8.33B | 8.35B | 8.37B | 7.18B | 7.05B | 7.04B | 6.92B | 6.89B | 6.88B | 6.88B | 6.88B | 6.88B | 11.31B |
| Goodwill | 8.22B | 8.19B | 8.19B | 8.19B | 8.17B | 7.12B | 7.05B | 7.04B | 6.92B | 6.89B | 6.88B | 6.88B | 6.88B | 6.88B | 11.31B |
| Intangible Assets | 112M | 115M | 146M | 157M | 197M | 64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 874M | 915M | 875M | 895M | 844M | 768M | 759M | 761M | 791M | 685M | 601M | 595M | 595M | 592M | 643M |
| Other Assets | 18.14B | 17.87B | 17.54B | 16.96B | 16.7B | 12.31B | 10.45B | 9.06B | 7.64B | 5.89B | 5.8B | 9.69B | 4.78B | 4.35B | 4.7B |
| Total Current Assets | 12.33B | 191.33B | 44.88B | 42.85B | 36.04B | 36.44B | 37.35B | 26.45B | 26.64B | 26.43B | 27.09B | 21B | 26.27B | 23.21B | 24.96B |
| Total Non-Current Assets | 215.59B | 35.02B | 172.65B | 179.12B | 190.69B | 151.97B | 146B | 139.28B | 133.88B | 125.9B | 122.43B | 117.21B | 106.59B | 98.94B | 102.09B |
| Total Assets | 227.92B | 226.35B | 217.52B | 221.96B | 226.73B | 188.41B | 183.35B | 165.73B | 160.52B | 152.34B | 149.52B | 138.21B | 132.86B | 122.15B | 127.05B |
| Asset Growth % | 8.23% | 4.06% | -2% | -2.1% | 20.34% | 2.76% | 10.63% | 3.25% | 5.37% | 1.88% | 8.18% | 4.03% | 8.76% | -3.86% | - |
| Return on Assets (ROA) | 0.88% | 0.83% | 0.69% | 0.72% | 1% | 1.25% | 0.61% | 1.1% | 1.1% | 1.09% | 0.73% | 0.62% | 0.68% | -2.75% | 0.51% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 12.31B | 11.28B | 12.4B | 13.97B | 15.89B | 7.01B | 8.59B | 14.32B | 17.24B | 14.44B | 17.15B | 13.32B | 15.17B | 8.45B | 4.8B |
| Net Debt | -16M | -1.45B | 1.17B | 1.94B | 5.04B | -2.47B | -4.45B | 10.64B | 13.02B | 11.21B | 13.01B | 9.88B | 11.53B | 5.46B | 1.61B |
| Long-Term Debt | 12.26B | 11.22B | 10.41B | 13.47B | 15.89B | 6.93B | 8.35B | 14.05B | 14.43B | 11.77B | 12.79B | 9.89B | 4.64B | 1.41B | 694M |
| Short-Term Debt | 54M | 58M | 1.99B | 505M | 3M | 74M | 243M | 274M | 2.81B | 2.67B | 4.36B | 3.43B | 10.53B | 7.04B | 4.1B |
| Other Liabilities | 189.43B | 5.44B | 6.09B | 6.31B | 6.43B | 3.62B | 4.29B | 3.03B | 2.31B | 1.97B | 2.11B | 1.98B | 2.22B | 7.41B | 2.53B |
| Total Current Liabilities | 54M | 183.37B | 176.76B | 177.85B | 180.73B | 154.44B | 147.41B | 125.59B | 122.38B | 117.76B | 114.16B | 105.97B | 106.24B | 93.94B | 99.25B |
| Total Non-Current Liabilities | 201.69B | 16.66B | 16.5B | 19.77B | 22.32B | 10.55B | 13.27B | 17.95B | 17.32B | 14.31B | 15.61B | 12.59B | 7.35B | 9.01B | 3.67B |
| Total Liabilities | 201.75B | 200.03B | 193.27B | 197.62B | 203.04B | 164.99B | 160.68B | 143.53B | 139.7B | 132.07B | 129.77B | 118.56B | 113.59B | 102.96B | 102.92B |
| Total Equity | 26.17B | 26.32B | 24.25B | 24.34B | 23.69B | 23.42B | 22.67B | 22.2B | 20.82B | 20.27B | 19.75B | 19.65B | 19.27B | 19.2B | 24.13B |
| Equity Growth % | 23.07% | 8.51% | -0.36% | 2.75% | 1.15% | 3.29% | 2.13% | 6.65% | 2.7% | 2.65% | 0.51% | 1.96% | 0.38% | -20.44% | - |
| Equity / Assets (Capital Ratio) | 11.48% | 11.63% | 11.15% | 10.97% | 10.45% | 12.43% | 12.37% | 13.4% | 12.97% | 13.31% | 13.21% | 14.21% | 14.5% | 15.71% | 18.99% |
| Return on Equity (ROE) | 7.63% | 7.24% | 6.21% | 6.7% | 8.8% | 10.06% | 4.71% | 8.33% | 8.38% | 8.26% | 5.31% | 4.32% | 4.5% | -15.82% | 2.66% |
| Book Value per Share | 60.88 | 60.43 | 53.48 | 51.06 | 49.58 | 54.79 | 52.95 | 49.20 | 43.33 | 40.24 | 37.69 | 36.50 | 34.55 | 34.28 | 43.09 |
| Tangible BV per Share | 41.50 | 41.37 | 35.11 | 33.56 | 32.06 | 37.99 | 36.49 | 33.59 | 28.92 | 26.57 | 24.57 | 23.73 | 22.22 | 22.00 | 22.89 |
| Common Stock | 7M | 7M | 7M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M |
| Additional Paid-in Capital | 22.47B | 22.48B | 22.36B | 22.25B | 22.14B | 19B | 18.94B | 18.89B | 18.82B | 18.78B | 18.72B | 18.73B | 18.68B | 18.6B | 18.59B |
| Retained Earnings | 11.63B | 11.35B | 10.41B | 9.82B | 9.16B | 7.98B | 6.45B | 6.5B | 5.38B | 4.16B | 2.7B | 1.91B | 1.29B | 1.24B | 5.85B |
| Accumulated OCI | -2.09B | -1.97B | -3.6B | -3.76B | -4.56B | -665M | -60M | -411M | -1.1B | -820M | -668M | -387M | -372M | -648M | -312M |
| Treasury Stock | -7.96B | -7.65B | -7.05B | -5.99B | -5.07B | -4.92B | -4.62B | -4.35B | -3.13B | -2.11B | -1.26B | -858M | -336M | 0 | 0 |
| Preferred Stock | 2.11B | 2.11B | 2.11B | 2.01B | 2.01B | 2.01B | 1.97B | 1.57B | 840M | 247M | 247M | 247M | 0 | 0 | 0 |
Asset-liability duration mismatch
According to recent quarterly filings, Citizens Financial Group's total assets expanded from $222.0 billion in 2023Q4 to $227.9 billion in 2026Q1, a trend largely fueled by an increase in the investment securities portfolio rather than organic loan growth, suggesting a cautious approach to balance sheet deployment.
The shift toward a larger securities portfolio appears to reflect a defensive posture in the current interest rate environment. Investors should monitor whether this asset mix shift is a temporary liquidity management strategy or a long-term pivot away from traditional commercial lending.
Based on reported financial statements, the equity-to-assets ratio has remained remarkably consistent at approximately 0.11 to 0.12 over the last ten quarters, indicating that management is successfully maintaining capital adequacy despite the ongoing integration of recent regional acquisitions and expansion into new metropolitan markets.
This stability suggests that the bank is effectively balancing its growth ambitions with regulatory capital requirements. However, the reliance on retained earnings to support this ratio warrants further investigation if the bank continues its aggressive push into the competitive New York City commercial banking landscape.
As indicated by the bank's balance sheet data, cash and cash equivalents have fluctuated between $9.2 billion and $12.7 billion over the past ten quarters, providing a sufficient liquidity buffer to manage potential deposit volatility while supporting the bank's specialized point-of-sale lending platform and broader commercial operations.
The bank's liquidity position appears robust, though the high concentration of investment securities relative to total assets may introduce duration risk. Analysts should monitor the liquidity profile for any signs of stress that could force the bank to liquidate securities at unfavorable prices during market volatility.
Based on reported figures, the bank's debt-to-equity ratio of 0.43% appears inconsistent with standard regional banking norms, suggesting either a non-standard accounting classification of liabilities or a potential data error that obscures the true extent of the bank's financial leverage and risk exposure to interest rate fluctuations.
This anomalous figure warrants immediate verification, as it complicates the assessment of the bank's true leverage profile compared to peers like Fifth Third or M&T Bank. Investors should exercise caution when interpreting this metric until management provides further clarity on their specific definition of debt in this context.
Quick answers to the most common questions about buying CFG stock.
As of 2025, Citizens Financial Group, Inc. (CFG) had total assets of $226.35B including $191.33B in current assets.
Citizens Financial Group, Inc. (CFG) carries total debt of $11.28B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Citizens Financial Group, Inc. (CFG) has total shareholders' equity (book value) of $26.32B ($60.43 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Citizens Financial Group, Inc. (CFG) reported a current ratio of 1.04x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.