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CFG

Citizens Financial Group, Inc.

CFG

Citizens Financial Group, Inc. • NYSE
$54.10 ▲ 0.22% (+0.12)
Market Cap $23.24 B
52w High $55.24
52w Low $32.60
Dividend Yield 1.72%
P/E 15.15
Volume 1.48M
Outstanding Shares 429.49M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.118B ▼ $1.335B ▲ $494M ▲ 23.324% ▲ $1.06 ▲ $826M ▲
Q2-2025 $3.007B ▲ $1.319B ▲ $436M ▲ 14.5% ▲ $0.93 ▲ $678M ▲
Q1-2025 $2.896B ▼ $1.314B ▲ $373M ▼ 12.88% ▼ $0.78 ▼ $591M ▼
Q4-2024 $3.026B ▼ $1.306B ▲ $401M ▲ 13.252% ▲ $0.83 ▲ $632M ▲
Q3-2024 $3.073B $1.261B $382M 12.431% $0.77 $599M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $47.648B ▲ $222.747B ▲ $196.918B ▲ $25.829B ▲
Q2-2025 $43.772B ▼ $218.31B ▼ $193.076B ▼ $25.234B ▲
Q1-2025 $46.324B ▲ $220.148B ▲ $195.282B ▲ $24.866B ▲
Q4-2024 $43.849B ▼ $217.521B ▼ $193.267B ▼ $24.254B ▼
Q3-2024 $44.243B $219.706B $194.774B $24.932B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $494M ▲ $1.696B ▲ $-1.497B ▼ $2.903B ▲ $3.102B ▲ $1.661B ▲
Q2-2025 $436M ▲ $886M ▲ $-1.428B ▼ $-2.451B ▼ $-2.993B ▼ $853M ▲
Q1-2025 $373M ▼ $-213M ▼ $-1.108B ▼ $2.261B ▲ $940M ▲ $-227M ▼
Q4-2024 $401M ▲ $483M ▲ $1.608B ▲ $-2.405B ▼ $-314M ▲ $435M ▲
Q3-2024 $382M $130M $161M $-1.147B $-856M $96M

Revenue by Products

Product Q3-2024Q4-2024Q2-2025Q3-2025
Card Fees
Card Fees
 $90.00M ▲$190.00M ▲$90.00M ▼$90.00M ▲
Service Charges and Fees
Service Charges and Fees
 $110.00M ▲$210.00M ▲$110.00M ▼$110.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Citizens has grown its total revenue meaningfully over the last five years, especially after 2021, showing that the franchise is still able to win business and price its products. However, profit levels have drifted down from their peak: operating profit and net income are now clearly lower than they were a few years ago. This points to margin pressure, likely from higher funding costs, a more competitive environment, and normalizing credit conditions after unusually strong years. Earnings per share tell the same story: strong but off their highs. Overall, the bank looks like a solid revenue grower that is currently giving up some profitability to navigate a tougher rate and credit cycle.

Balance Sheet

Balance Sheet The balance sheet looks large, fairly stable, and conservatively built. Total assets stepped up a few years ago and have since leveled off, suggesting a period of expansion followed by consolidation. Cash levels are steady and provide a reasonable liquidity cushion. Debt increased materially during the growth phase and then edged back somewhat, while shareholder equity has inched higher over time. This combination suggests a bank that has used leverage to grow but still maintains a meaningful capital base, with no obvious signs of balance sheet stress in the high-level figures.

Cash Flow

Cash Flow Citizens generates solid cash from its core operations in most years, with one standout year of especially strong cash inflows and a more recent period where cash generation eased but remained healthy. Free cash flow has generally been positive, which is important because it gives the bank room to invest, absorb shocks, and support capital returns when conditions allow. Capital spending needs appear modest and stable, indicating that the bank’s business model is not heavily constrained by physical investment and can fund technology and growth initiatives largely from ongoing cash flows.

Competitive Edge

Competitive Edge Citizens sits in the regional bank space with a broad product set, a recognizable brand, and a mix of consumer, commercial, and wealth management offerings. Its physical branch and ATM network remains an asset, especially when combined with improving digital tools. The bank is leaning into higher-value segments such as private banking and wealth management, which can deepen relationships and make customers more loyal. At the same time, it faces intense competition from national banks and fintechs, so its ability to turn these capabilities into distinctive customer experiences will be key to sustaining its position.

Innovation and R&D

Innovation and R&D Innovation is a clear focus. The “Reimagine the Bank” program, the AI-driven virtual assistant CiZi, and a simplified digital onboarding journey all point to a push toward a more modern, always-on banking experience. The Citizens Pay buy-now-pay-later platform expands the bank into embedded finance at retailers, broadening its reach beyond traditional branches. The partnership with Infosys, cloud migration, and use of AI and automation behind the scenes aim to cut costs and improve responsiveness. Citizens is also investing in upskilling its workforce and expanding private banking and wealth platforms, which suggests an effort to pair digital tools with higher-touch advice rather than just commodity banking.

Summary

Citizens Financial Group looks like a mature regional bank in transition: revenue has grown well, but profitability has come down from earlier highs as the interest-rate and credit environment has become more challenging. Its balance sheet appears steady, with sufficient liquidity and a gradually rising capital base, and its cash generation is generally strong enough to support ongoing investment and strategic pivots. Competitively, Citizens is trying to climb the value chain through wealth management, private banking, and digital-first services while still leveraging its physical footprint. The big swing factor is execution: if its AI, automation, and digital initiatives deliver the expected efficiency gains and better client experiences, the bank could emerge meaningfully leaner and more differentiated; if not, it risks remaining a solid but undistinctive regional player in a crowded market.

NEWS

November 18, 2025 · 9:53 AM UTC

Citizens Financial Group to Participate at the Goldman Sachs U.S. Financial Services Conference

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November 17, 2025 · 3:06 PM UTC

Citizens Bank, N.A. Announces Redemption of Senior Notes

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November 5, 2025 · 2:53 PM UTC

Citizens CEO Highlights Rhode Island's Pro-Business Climate and Talent Momentum as Catalysts for Economic Growth

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November 3, 2025 · 4:00 PM UTC

Citizens Financial Group, Inc. Declares Dividends on Preferred Stock

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October 30, 2025 · 9:00 AM UTC

Citizens Survey Finds Young Adults Redefining Success and How to Achieve It, as Anxiety About the Future Mounts

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