Citizens Financial Group, Inc.

CFG · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Valuation
Market cap	$25,086	$19,285	$15,451	$19,389	$20,138	$15,241	$17,308	$12,671	$17,892	$15,185	$11,162	$13,839	–	–	–
Enterprise value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
P/E (TTM) at period end	14.86×	14.06×	10.36×	9.89×	9.13×	16.04×	10.07×	7.49×	10.92×	14.73×	13.40×	16.00×	–	–	–
P/S (TTM) at period end	3.04×	2.47×	1.88×	2.42×	3.03×	2.21×	2.67×	2.07×	3.14×	2.89×	2.31×	2.78×	–	–	–
P/B at period end	0.95×	0.80×	0.63×	0.82×	0.86×	0.67×	0.78×	0.61×	0.88×	0.77×	0.57×	0.72×	–	–	–
EV / EBITDA (TTM)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
EV / Sales (TTM)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Returns
Return on equity	6.4%	5.7%	6.1%	8.3%	9.4%	4.2%	7.7%	8.1%	8.1%	5.2%	4.2%	4.5%	(17.8%)	2.7%	–
Return on invested capital	5.1%	4.3%	4.4%	5.4%	7.9%	3.5%	5.1%	4.7%	4.9%	2.9%	2.6%	2.6%	(13.8%)	2.5%	2.6%
Dividend yield	3.0%	4.0%	5.2%	4.0%	3.3%	4.4%	3.6%	3.7%	1.8%	1.6%	0.6%	5.7%	–	–	–
Financial health
Current ratio	–	–	–	–	–	–	–	–	–	–	–	–	0.25×	0.25×	–
Debt / equity	0.43×	0.51×	0.57×	0.67×	0.30×	0.38×	0.65×	0.83×	0.71×	0.87×	0.68×	0.79×	0.44×	0.20×	–
Effective tax rate	21.3%	20.1%	20.8%	21.9%	22.1%	18.6%	20.4%	21.2%	13.6%	31.9%	33.5%	31.8%	1.2%	37.2%	35.0%
Share count
Diluted shares outstanding	437	454	477	478	427	428	451	480	504	524	538	558	560	560	560

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue and gross profit
Revenue	$8,930	$8,247	$7,809	$8,224	$8,021	$6,647	$6,905	$6,491	$6,128	$5,707	$5,255	$4,824	$4,979	$4,690	$4,894	$5,031
Cost of revenue	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Gross profit	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($2,465)	($1,851)	($1,855)	($1,935)	($1,758)	($1,538)	($1,449)	($1,345)	($1,244)	($1,166)	($1,117)	($1,093)	($1,141)	($1,813)	($1,927)	($1,842)
Total operating expenses	($5,508)	($5,311)	($5,234)	($5,507)	($4,892)	($4,081)	($3,991)	($3,847)	($3,619)	($3,474)	($3,352)	($3,259)	($3,392)	($7,679)	($3,457)	($3,371)
Total costs and expenses	($6,044)	($5,919)	($5,921)	($6,194)	($5,366)	($3,670)	($5,607)	($4,240)	($3,945)	($3,795)	($3,721)	($3,561)	($3,711)	($8,158)	($3,870)	($4,253)
Operating income	$2,886	$2,328	$1,888	$2,030	$2,655	$2,977	$1,298	$2,251	$2,183	$1,912	$1,534	$1,263	$1,268	($3,468)	$1,024	$778
Earnings
EBITDA	–	$2,806	$2,386	$2,508	$3,220	$3,602	$1,876	$2,884	$2,669	$2,399	$2,049	$1,734	$1,654	($3,064)	$1,491	$1,212
Interest income	$10,030	$9,663	$10,186	$10,204	$7,060	$4,851	$5,357	$6,189	$5,758	$4,920	$4,266	$626	$624	$488	$624	$4,204
Interest expense	($3,625)	($3,810)	($4,553)	($3,963)	($1,048)	($339)	($771)	($1,575)	($1,226)	($747)	($508)	($452)	($363)	($443)	($619)	($884)
Pre-tax income	$2,886	$2,328	$1,888	$2,030	$2,655	$2,977	$1,298	$2,251	$2,183	$1,912	$1,534	$1,263	$1,268	($3,468)	$1,024	$778
Income tax expense	($618)	($497)	($379)	($422)	($582)	($658)	($241)	($460)	($462)	($260)	($489)	($423)	($403)	$42	($381)	($272)
Net income	$2,268	$1,831	$1,509	$1,608	$2,073	$2,319	$1,057	$1,791	$1,721	$1,652	$1,045	$840	$865	($3,426)	$643	$506
Per share
Diluted EPS (GAAP)	$4.96	$3.86	$3.03	$3.13	$4.10	$5.16	$2.22	$3.81	$3.52	$3.25	$1.97	$1.55	$1.55	($6.12)	$1.15	$0.90
Basic EPS (GAAP)	$5.00	$3.90	$3.05	$3.14	$4.12	$5.18	$2.22	$3.82	$3.54	$3.26	$1.97	$1.55	$1.55	($6.12)	$1.15	$0.90
Basic shares outstanding	425	433	451	475	476	426	427	450	479	502	522	536	557	560	560	560
Margins
Gross margin	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating margin	32.3%	28.2%	24.2%	24.7%	33.1%	44.8%	18.8%	34.7%	35.6%	33.5%	29.2%	26.2%	25.5%	(73.9%)	20.9%	15.5%
Net margin	25.4%	22.2%	19.3%	19.6%	25.8%	34.9%	15.3%	27.6%	28.1%	28.9%	19.9%	17.4%	17.4%	(73.0%)	13.1%	10.1%

Analyst consensus

Buy38 analysts

Bearish · 1 · Hold · 7 · Bullish · 30

Earnings history

	EPS	Estimate
Q4 2024	$0.85	$0.83	Beat
Q1 2025	$0.77	$0.75	Beat
Q2 2025	$0.92	$0.88	Beat
Q3 2025	$1.05	$1.03	Beat
Q4 2025	$1.13	$1.10	Beat
Q1 2026	$1.13	$1.09	Beat
Q2 2026	$1.30	$1.24	Beat
Q3 2026	$1.41	$1.39	Beat

Peers

Company overview

IPO dateSep 24, 2014

CEOBruce Winfield Van Saun

Employees17,398

SectorFinancial Services

IndustryBanks - Regional

CountryUS

ExchangeNew York Stock Exchange

Websitewww.citizensbank.com

Citizens Financial Group, Inc. (CFG) functions as the holding company for Citizens Bank, National Association, a major financial institution offering a comprehensive suite of retail and commercial banking solutions across the United States. It serves a broad spectrum of clients, from individual consumers and small enterprises to large corporations and various institutions. Its business is segmented into two primary divisions: Consumer Banking and Commercial Banking. The Consumer Banking division delivers a robust array of products, encompassing deposit accounts, mortgage and home equity lending, credit cards, and business loans for smaller entities. It also provides wealth management, investment services, and specialized financing for areas like auto, education, and point-of-sale purchases, alongside digital deposit solutions. Clients engage with this segment through contact centers and its advanced online and mobile banking platforms. Conversely, the Commercial Banking segment provides sophisticated financial solutions designed for corporate and institutional clients. These include a wide range of lending and leasing products, treasury and deposit management services, foreign exchange, and risk mitigation tools for interest rates and commodities. Additionally, it offers syndicated loans, corporate finance advice, merger and acquisition (M&A) assistance, and capital markets services for debt and equity. Its client roster spans numerous industries, such as government, non-profit, healthcare, technology, professional services, energy (oil and gas), asset and franchise finance, asset-based lending, commercial real estate, private equity, and sponsor finance. The company boasts a substantial physical presence, operating approximately 1,200 branches across 14 states and the District of Columbia. Complementing these are 114 non-branch retail and commercial offices in key national markets and a network of roughly 3,300 automated teller machines. Founded in 1828, Citizens Financial Group, Inc. is headquartered in Providence, Rhode Island. It adopted its current name in April 2014, having previously operated as RBS Citizens Financial Group, Inc.

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