Citizens Financial vs M&T Bank
M&T Bank is the larger business, with $9.69bn of revenue in fiscal 2025 against $8.25bn for Citizens Financial (1.2 times as much). Citizens Financial grew faster (5.6% against 4.4%). M&T Bank kept more of each dollar of sales as profit: a net margin of 29.4% against 22.2%.
| Latest fiscal year | Citizens FinancialCFG, 2025 | M&T BankMTB, 2025 |
|---|---|---|
| Revenue | $8.25bn | $9.69bn |
| Revenue growth | 5.6% | 4.4% |
| Net income | $1.83bn | $2.85bn |
| Operating margin | — | — |
| Net margin | 22.2% | 29.4% |
| Return on equity | 7.2% | 9.8% |
| Free cash flow | $2.21bn | $3.00bn |
| Cash | $12.73bn | $18.77bn |
| Total debt | $11.36bn | $13.06bn |
| Debt to equity | — | — |
| Dividend per share | $1.72 | $5.70 |
| Dividend yield | 2.9% | 2.8% |
| Share buybacks | $600m | $2.63bn |
| Employees | 17,398 | 22,223 |
| Market value | $27.12bn | $32.60bn |
| Price vs our value range | — | — |
| Moat score | 67 (Moderate) | 70 (Strong) |
| Insider trades, 12 months | 0 buys, 3 sales | 0 buys, 21 sales |