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Citizens Financial Group (CFG) stock

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NYSE: CFG NYSE Regional Banks Next results ~January 15, 2027

C+ Fundamentals grade

Citizens Financial Group is a bank holding company based in Providence, Rhode Island, offering retail and commercial banking products and services. For consumers and small businesses these include deposit accounts, mortgage and home equity lending, credit cards, small business and point-of-sale finance loans, and wealth management, with Citizens Private Bank and Private Wealth serving high- and ultra-high-net-worth clients. Commercial offerings cover lending and leasing, deposit and treasury management, foreign exchange, risk management, loan syndication, corporate finance, mergers and acquisitions advisory, and capital markets.

Its customers range from individuals and small businesses to middle-market companies, large corporations and institutions. The bank earns money through lending, deposits, treasury and payment services, and fees from wealth management, advisory and capital markets activities.

The business is managed through two segments, Consumer Banking and Commercial Banking, with remaining activities classified as Other. It operates more than 1,000 branches across 14 states and the District of Columbia, plus 75 non-branch offices and 3,100 ATMs, concentrated in New England, the Mid-Atlantic and the Midwest. Incorporated in Delaware in 1984, it employed 17,398 full-time equivalent staff at December 2025.

Based on Citizens Financial Group's 10-K filed February 12, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$51

Valuation models combined (6)

Base case. Range ~$44–$66. Weighted average of 6 models (residual income, justified price-to-book, price-to-book vs return on equity (peers), price-to-book vs peers, forward price-to-earnings vs peers, dividend discount (two-stage)), the residual income counting double.

Price vs value

Modestly overvalued

The price is inside our value range, 27% above our base value.

Price used: $64.93, November 2, 2026

Citizens Financial Group valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 3 selling0 purchases and 3 sales by directors and officers, last 12 monthsInsider trades
  • Funds615 adding, 389 cuttingOf 82 active managers that changed their stake, 46 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Citizens Financial Group files

10-Q filed October 28: Citizens Financial

Rating: Hold to Sell

Revenue for the twelve months to September 2026 was $8.93bn, up 10.6% on a year earlier, about the same pace as a quarter earlier. The diluted share count is down 2.4% on a year earlier, which lifts each remaining share. Its fundamentals grade moves from C to C+. Our model value is little changed at $55.22 a share, against a share price of $63.81. The rating changes from Hold to Sell.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed August 3: Citizens Financial

Citizens Financial Group generated revenue of $8.93bn in the twelve months to June 2026, up 10.6% on a year earlier and little changed from the pace recorded a quarter earlier. Buybacks have trimmed the diluted share count by 2.4% over the same period, spreading earnings over fewer shares and lifting the value attributable to each one remaining. Despite this, our model value has slipped from $57.55 to $55.24 a share. That leaves it well below the current share price of $65.31. The rating stays Hold.

10-Q on SEC EDGAR

Where Citizens Financial stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $8.73bn, up 11.0% on a year earlier, faster than 8.9% a quarter earlier. The diluted share count is down 2.7% on a year earlier, which lifts each remaining share. Our valuation models combined value is $57.31 a share, against a share price of $64.19.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 15, 2027 (estimated)

Citizens Financial Group's trailing-twelve-month revenue grew 10.6% year on year, with a free-cash-flow margin of 9.3%. Where it stands out: change in share count of -2.4% ranks 43 of 230 regional banks companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 64.8% while net income grew 33.1%: a 98pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.4% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Priced above our value. The share price of $64.93 is 21% above our value per share of $51.
  • Insiders selling. 3 insiders sold $10M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Weak cash conversion. Free cash flow was 37% of net income over the last 12 months.

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
$1.41 against an average estimate of $1.39: beat by 1.7%
Revenue
$2.32bn, up 9.6% on a year earlier
Share reaction
-1.1% in the first session after the results on October 16, 2026, against -0.7% for the S&P 500
Guidance given
net interest income growth 2.5% to 3% (4Q26); noninterest income growth 4% to 5% (4Q26)
Next report
January 15, 2027; average EPS estimate $1.48

Citizens Financial Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.8%
  • 1 week+0.1%
  • 1 month+1.7%
  • This year+14.4%
  • 1 year+31.3%
  • 5 years+64.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$8.9B
Net margin
25.4%
EPS (TTM, diluted)
$5.29

Growth

Revenue growth
+10.6%
Change in growth rate
−0.5 pts
Share count change
−2.4%

Earnings

Last results
October 16, 2026
Next results (est.)
January 20, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Governance
  4. Announcement
  5. Insider trade
  6. Announcement
  7. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Citizens Financial Group valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$51
Price used
$64.67close November 3, 2026
Implied change
▼ 21%
Uncertainty
Low

How we got here: the combined value of 6 valuation models built for a business like Citizens Financial Group (see the models table below and how they are combined) , with a 8.98% cost of equity. The models span ~$44–~$66; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value Citizens Financial Group as a bank or lender, with every model that fits that kind of business. Cost of equity 9%: the 10-year Treasury yield (4.9%) plus a beta of 0.9 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$48 ~$34–$68 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$44 ~$38–$53 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$66 ~$36–$96 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$44 ~$57–$85 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$63 ~$60–$76 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$46 ~$39–$56 Included
Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$51 ~$44–$66 6 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Citizens Financial Group with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

67 /100

Moderate moat

How hard Citizens Financial Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 10 / 20

    Net income has been a median 0.9% of total assets over 10 years.

  • Durability 17 / 20

    Net margin has been a median 25.0%; its worst year was 15.4%.

  • Discipline 17 / 20

    The diluted share count rose 0.3% over five years; stock-based pay has been a median 1.0% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (72 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 15, 2027, before the open. Analysts expect revenue of $2.4bn and EPS of $1.48 (range $1.44 to $1.51) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.30 +37% $9.2bn +11%
Next $6.49 +23% $10.0bn +9%

Next year's EPS estimate has moved −0.3% in 90 days, across 16 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.1% on 90 days ago. In the last 30 days, 4 analysts raised Citizens Financial Group's forecast and 4 cut it.

Consensus EPS forecast Citizens Financial Group, last 90 days
$5.00 $5.50 $6.00 $6.50 $7.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $5.29 Current fiscal year, 60 days ago: $5.30 Current fiscal year, 30 days ago: $5.30 Current fiscal year, 7 days ago: $5.30 Current fiscal year, Now: $5.30 $5.30 Next fiscal year, 90 days ago: $6.51 Next fiscal year, 60 days ago: $6.52 Next fiscal year, 30 days ago: $6.53 Next fiscal year, 7 days ago: $6.49 Next fiscal year, Now: $6.49 $6.49

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $5.29$6.51
60 days ago $5.30$6.52
30 days ago $5.30$6.53
7 days ago $5.30$6.49
Now $5.30$6.49

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.39 $1.41 +1.7%
Jun 2026 $1.25 $1.30 +4.4%
Mar 2026 $1.09 $1.13 +3.7%
Dec 2025 $1.11 $1.13 +2.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 16, 2026
  • Net interest income 4Q26 2.5% growth to 3% growth
    “Net interest income $1,675MM ■ Up ~2.5% to 3%” source
  • Noninterest income 4Q26 4% growth to 5% growth
    “Noninterest income $647MM ■ Up ~4 to 5%” source
  • Noninterest expense 4Q26 about 1% growth
    “Noninterest expense $1,393MM ■ Up ~1%” source
  • CET1 ratio 4Q26 10.6% to 10.7%
    “CET1 ratio(1) 10.5% ■ ~10.6% to 10.7%; expect ~$200 million in share repurchases” source
  • share repurchases 4Q26 about $200m
    “CET1 ratio(1) 10.5% ■ ~10.6% to 10.7%; expect ~$200 million in share repurchases” source
  • Tax rate 4Q26 about 22%
    “Tax rate 20.9% ■ ~22%” source
Show 6 more items
  • NIM 4Q27 3.3% to 3.5%
    “Good visibility and confidence in driving NII higher, with NIM projected to reach 3.30-3.50% by 4Q27” source
  • ROTCE by end of 2027 16% to 18%
    “Well positioned to achieve 16-18% ROTCE by end of 2027” source
  • pre-tax run-rate benefit by year-end 2026 about $100m
    “~$100 million pre-tax run-rate benefit by year-end 2026” source
  • pre-tax run-rate benefit by year-end 2027 about $225m
    “~$225 million pre-tax run-rate benefit by year-end 2027” source
  • pre-tax run-rate benefit by year-end 2028 about $450m
    “~$450+ million pre-tax run-rate benefit by year-end 2028” source
  • Non-Core portfolio by year-end 2026 about $1bn
    “Non-Core portfolio has been reduced to ~$1.3 billion at 3Q26; expected to decline to ~$1.0 billion by year-end 2026” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

20 analysts, Oct 2026
Buy1785%
Hold315%
Sell00%

Monthly trend

  1. Oct 2026512320
  2. Sep 2026510318
  3. Aug 2026510318
  4. Jul 2026410317

Counts of recommendations published by analysts covering Citizens Financial Group, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
0.0%
of tradable shares
Days to cover
0.01
at average volume
Short interest, 1 month
−100%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.7%
of shares
Employees
17,609
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +31.3%

$49.44 on October 31, 2025 to $64.93

ThenNowEffect
Revenue (last 12 months) $7.9bn $8.7bn +11.0%
Net margin 20.3% 24.4% +20.3%
P/E multiple 13.8x 13.2x −4.3%
Share count 443m 431m +2.7%

Biggest factor: net margin.

Last 3 years +177.1%

$23.43 on November 3, 2023 to $64.93

ThenNowEffect
Revenue (last 12 months) $8.6bn $8.7bn +1.5%
Net margin 26.5% 24.4% −8.0%
P/E multiple 5.0x 13.2x +161.1%
Share count 490m 431m +13.7%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CFG+37%−13%−11%+38%+39%+14%
Industry peers (median)+34%−4%−2%+16%+10%+24%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CFG67%50%50%58%67%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CFG−19%−40%−47%−12%−29%−18%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 66% from January 23, 2018 to March 18, 2020. Getting back needed a 191% gain, reached on February 19, 2021, 338 days after the low.

Price behaviour

52-week range
$48.31 – $74.14
From 52-week high
−12.4%
vs 50-day average
−1.4%
vs 200-day average
+0.4%
Volatility (1 year)
25%
Beta vs S&P 500
0.91

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±2.9%
After a week
9 up, 3 down
typical move ±4.2%
After a month
10 up, 1 down
typical move ±6.7%
Results releasedNext dayS&P 500 next day5 days21 days
October 16, 2026 −1.1% −0.7% +2.7% —
July 16, 2026 +1.8% −1.5% +1.0% +5.8%
April 16, 2026 −1.1% +1.5% 0.0% −6.0%
January 21, 2026 +7.4% +1.7% +5.2% +9.9%
October 15, 2025 −6.6% −0.2% −2.3% +0.7%
July 17, 2025 +3.4% +0.5% +4.9% +3.7%
April 16, 2025 −1.8% −2.1% +3.7% +17.2%
January 17, 2025 +3.2% +1.9% +1.6% +2.1%
October 16, 2024 −3.1% +0.4% −4.7% +8.2%
July 17, 2024 +2.9% −2.2% +6.6% +3.5%
April 17, 2024 +1.5% −0.8% +9.6% +14.1%
January 17, 2024 +1.3% +0.3% +7.9% +3.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Citizens Financial Group’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

CFG Citizens Financial Group Grade C+ $64.87

Own 100 shares, sell the $70.00 call expiring December 18, 2026 (46 days) for $0.60 a share — $60.00 per contract.

Previous session · Bid $0.60, ask $0.80, quoted Mon 2 Nov, 17:18 New York time with CFG at $64.87. Option prices move with the shares: check the live chain at your broker before trading.

  • If CFG ends below $70.00: you keep your shares and the $60.00 — 0.9% extra on the position, 7.3% a year at that pace.
  • If it ends above $70.00: your shares are sold at $70.00, a total return of 8.8% including the premium — at or above our value of ~$51.
$573 $0 −$1.3k Break-even $64.27 Price $64.87 ← Our value ~$51
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$60.00
Annualised
7.3%
Break-even
$64.27
Max gain
$573
Chance of selling
~24%

Collar

Own the shares, buy the $60.00 put and sell the $70.00 call, both expiring December 18, 2026 (46 days).

  • Net cost of $0.20 a share ($20.00 per contract of 100 shares).
  • Worst case at expiry: -7.8%, if the shares fall below $60.00 (-7.5% from today).
  • Best case at expiry: +7.6%, if the shares rise above $70.00 (+7.9%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $51.00: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Citizens Financial Group in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Citizens Financial Group
$7.5B $8B $8.5B $9B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $8.2B Revenue (TTM), FY24 Q1: $8.1B Revenue (TTM), FY24 Q2: $7.9B Revenue (TTM), FY24 Q3: $7.8B Revenue (TTM), FY24 Q4: $7.8B Revenue (TTM), FY25 Q1: $7.8B Revenue (TTM), FY25 Q2: $7.9B Revenue (TTM), FY25 Q3: $8.1B Revenue (TTM), FY25 Q4: $8.2B Revenue (TTM), FY26 Q1: $8.5B Revenue (TTM), FY26 Q2: $8.7B Revenue (TTM), FY26 Q3: $8.9B $8.9B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $8.2B
FY24 Q1 $8.1B
FY24 Q2 $7.9B
FY24 Q3 $7.8B
FY24 Q4 $7.8B
FY25 Q1 $7.8B
FY25 Q2 $7.9B
FY25 Q3 $8.1B
FY25 Q4 $8.2B
FY26 Q1 $8.5B
FY26 Q2 $8.7B
FY26 Q3 $8.9B
Revenue growth, TTM YoY Citizens Financial Group
-10% -5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 2.5% Revenue growth, TTM YoY, FY24 Q1: -5.3% Revenue growth, TTM YoY, FY24 Q2: -7.8% Revenue growth, TTM YoY, FY24 Q3: -7.4% Revenue growth, TTM YoY, FY24 Q4: -5.0% Revenue growth, TTM YoY, FY25 Q1: -3.4% Revenue growth, TTM YoY, FY25 Q2: -0.8% Revenue growth, TTM YoY, FY25 Q3: 3.4% Revenue growth, TTM YoY, FY25 Q4: 5.6% Revenue growth, TTM YoY, FY26 Q1: 8.9% Revenue growth, TTM YoY, FY26 Q2: 11.0% Revenue growth, TTM YoY, FY26 Q3: 10.6% 10.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 2.5%
FY24 Q1 -5.3%
FY24 Q2 -7.8%
FY24 Q3 -7.4%
FY24 Q4 -5.0%
FY25 Q1 -3.4%
FY25 Q2 -0.8%
FY25 Q3 3.4%
FY25 Q4 5.6%
FY26 Q1 8.9%
FY26 Q2 11.0%
FY26 Q3 10.6%
FCF margin (TTM) Citizens Financial Group
0% 10% 20% 30% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 30.2% FCF margin (TTM), FY24 Q1: 23.6% FCF margin (TTM), FY24 Q2: 32.6% FCF margin (TTM), FY24 Q3: 21.6% FCF margin (TTM), FY24 Q4: 19.2% FCF margin (TTM), FY25 Q1: 9.2% FCF margin (TTM), FY25 Q2: 10.0% FCF margin (TTM), FY25 Q3: 29.2% FCF margin (TTM), FY25 Q4: 21.0% FCF margin (TTM), FY26 Q1: 25.9% FCF margin (TTM), FY26 Q2: 23.6% FCF margin (TTM), FY26 Q3: 9.3% 9.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 30.2%
FY24 Q1 23.6%
FY24 Q2 32.6%
FY24 Q3 21.6%
FY24 Q4 19.2%
FY25 Q1 9.2%
FY25 Q2 10.0%
FY25 Q3 29.2%
FY25 Q4 21.0%
FY26 Q1 25.9%
FY26 Q2 23.6%
FY26 Q3 9.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

What Citizens Financial Group earned on its loans and securities in FY2025, what it paid depositors and lenders, and how its revenue split between running costs, credit losses, tax and profit.

  1. Interest income $9.7B
  2. Fee and other income $2.4B · 29.0%
  3. Interest paid $3.8B
  4. Net interest income $5.9B · 71.0%
  5. Revenue $8.2B
  6. Non-interest expense $5.3B · 64.4%
  7. Credit-loss provisions $566M · 6.9%
  8. Pre-tax profit $2.4B · 28.7%
  9. Income tax $497M · 6.0%
  10. Other $42M · 0.5%
  11. Net income $1.8B · 22.2%

Shares of revenue. Source: Citizens Financial Group's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 4.9 4.7 5.0 4.8 5.3 5.7 6.1 6.5 6.9 6.6 8.0 8.2 7.8 8.2 8.9
Net income 0.6 −3.4 0.9 0.8 1.0 1.7 1.7 1.8 1.1 2.3 2.1 1.6 1.5 1.8 2.3
Diluted EPS $1.15 −$6.12 $1.55 $1.55 $1.97 $3.25 $3.52 $3.81 $2.22 $5.16 $4.10 $3.13 $3.03 $3.86 $5.29
Growth (year on year)
Revenue — −4.2% +6.2% −3.1% +8.9% +8.6% +7.4% +5.9% +6.4% −3.7% +20.7% +2.5% −5.0% +5.6% +10.6%
Net income — −632.8% — −2.9% +24.4% +58.1% +4.2% +4.1% −41.0% +119.4% −10.6% −22.4% −6.2% +21.3% +33.1%
Diluted EPS — −632.2% — 0.0% +27.1% +65.0% +8.3% +8.2% −41.7% +132.4% −20.5% −23.7% −3.2% +27.4% +36.4%
Margins
Net margin 13.1% −73.0% 17.4% 17.4% 19.9% 28.9% 28.1% 27.6% 15.3% 34.9% 25.8% 19.6% 19.3% 22.2% 25.4%
Free-cash-flow margin 31.4% 53.1% 25.1% 23.0% 25.7% 28.6% 25.0% 24.2% 1.6% 34.2% 51.4% 36.0% 25.6% 26.8% 14.1%
Cash flow
Cash from operations 1.7 2.6 1.4 1.2 1.5 1.9 1.8 1.7 0.1 2.3 4.1 3.0 2.0 2.2 1.3
Capital spending 0.2 0.2 0.1 0.1 0.1 0.3 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Free cash flow 1.5 2.5 1.2 1.1 1.4 1.6 1.5 1.6 0.1 2.3 4.1 3.0 2.0 2.2 1.3
Stock-based pay 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1
Free cash flow after stock pay 1.5 2.5 1.2 1.1 1.3 1.6 1.5 1.5 0.1 2.2 4.0 2.9 1.9 2.1 1.1
Balance sheet
Cash 3.1 2.8 3.3 3.1 3.7 3.0 4.1 3.4 12.7 9.2 10.5 11.6 10.6 12.7 13.0
Total debt 0.0 8.4 15.2 13.3 17.1 14.4 17.2 14.3 8.6 7.0 16.0 14.1 12.5 11.4 17.9
Net debt (negative = net cash) −3.1 5.7 11.9 10.2 13.4 11.4 13.2 10.9 −4.1 −2.2 5.5 2.5 1.9 −1.4 5.0
Diluted shares 560m 560m 558m 538m 524m 504m 480m 451m 428m 427m 478m 477m 454m 437m 429m
Returned to shareholders
Dividends 0.2 1.2 0.8 0.1 0.2 0.3 0.5 0.6 0.7 0.7 0.8 0.8 0.8 0.8 0.8
Buybacks 0.0 0.0 0.3 0.5 0.4 0.8 1.0 1.2 0.3 0.3 0.2 0.9 1.1 0.6 0.8
Total returned 0.2 1.2 1.1 0.6 0.7 1.1 1.5 1.8 0.9 1.0 0.9 1.7 1.8 1.4 1.6

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$775M
Dividends (TTM)
$793M
Returned to shareholders
189%
of free cash flow
Buybacks, last 3 fiscal years
$2.6B
Diluted share count
−2.4%
year over year
Total shareholder yield
5.7%
dividends 2.9% + buybacks 2.8% of market value
Dividend payout ratio
35%
of net income paid out

Competitors: side by side with peers

Closest by revenue in regional banks
Last 12 months unless stated CFG FCNCA MTB KEY HBAN RF Median
Revenue, last 12 months $8.9bn $9.6bn $10.0bn $7.8bn $10.4bn $7.6bn $255m
Revenue growth, last 12 months 10.6% 0.9% 5.8% 51.1% 30.6% 4.4% 12.5%
Revenue growth, 3-year average 1.9% −15.9% 0.7% 3.3% 10.9% −0.7% 6.0%
Revenue growth, latest quarter 9.6% 2.5% 5.7% 6.7% 30.8% 0.1% 10.7%
Net margin 25.4% 24.5% 30.4% 26.0% 24.0% 29.3% 28.7%
Cash from operations / revenue 14.1% 33.1% 38.2% 16.8% 32.3% 23.3% 34.3%
Free-cash-flow margin 9.3% 25.6% 35.0% 15.3% 28.1% 22.2% 31.4%
Free-cash-flow margin, 3-year average 20.1% 26.0% 35.0% 24.0% 26.6% 28.9% 29.9%
Stock pay / revenue 1.3% −0.0% 1.4% 1.7% 1.7% — 1.2%
Change in share count −2.4% −11.7% −8.0% 6.2% 27.6% −3.9% 0.4%

Median of all 245 companies we cover in regional banks. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

245 regional banks companies
Measure Company Peer median Rank
Revenue growth Growth 10.6% 12.5% 146 of 245
Change in growth rate Growth -0.5pp +0.0pp 135 of 244
Net margin Profitability 25.4% 28.7% 158 of 245
Stock pay as % of revenue Cash generation 1.3% 1.3% 112 of 206
Change in share count Balance sheet -2.4% 0.4% 43 of 230

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Capital Markets Fees $485M ▲ 9.0%
Service Charges and Fees $442M ▲ 6.0%
Wealth Fees $360M ▲ 22.4%
Card Fees $335M ▼ 7.5%
Other Banking Fees $13M ▼ 13.3%

These categories overlap or exclude eliminations, so shares aren't shown.

From Citizens Financial Group's 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$28.7B
Institutions reporting
1,094
Shares held vs prior quarter
▲ 2.9%
Positions opened / closed
143 / 71

Top buyers and sellers, Q2 2026: 615 institutions bought and 389 sold ; the biggest buyer was Blackrock, Inc (+2.0M shares) and the biggest seller Capital World Investors (−4.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $3.4B 48.7M 11.9% ▲ 4.4%
Vanguard Capital Management LLC $1.9B 26.9M 6.6% ▲ 0.2%
Capital World Investors $1.6B 23.3M 5.7% ▼ 16.6%
Invesco Ltd. $1.6B 22.2M 5.4% ▼ 3.4%
State Street Corp $1.5B 21.2M 5.2% ▲ 4.8%
Vanguard Portfolio Management LLC $1.4B 20.6M 5.0% ▲ 3.2%
Morgan Stanley $859M 12.3M 3.0% ▼ 3.5%
Geode Capital Management, LLC $825M 11.8M 2.9% 0.0%
Ninety One Uk Ltd $550M 7.9M 1.9% ▲ 16.0%
AQR Capital Management LLC $534M 7.6M 1.9% ▲ 3.9%
Nordea Investment Management AB $509M 7.3M 1.8% ▼ 0.9%
Charles Schwab Investment Management Inc $459M 6.6M 1.6% ▼ 1.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Citizens Financial Group's complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $10.5M 3 trades by 3 insiders · 0% under pre-set plans
Net ▼ $10.5M net selling
Insider Date Trade Shares Price Value
Van Saun Bruce Chairman and CEO July 24, 2026 Sell 129,369 $72.07 $9.3M
Moosally Michelle Chief Legal Officer May 12, 2026 Sell 6,050 $62.16 $376,068
Lamonica Susan Chief Human Resources Officer March 11, 2026 Sell 13,258 $58.04 $769,494

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 22 trades and filings

No trades in Citizens Financial Group disclosed in the last 12 months; 22 earlier trades on record.

  • Jefferson Shreve(R-IN 6):Sale (full), $15,001 - $50,000, traded April 7, 2025, filed May 8, 2025
  • Kathy E. Manning(D-NC 6):Purchase, $15,001 - $50,000, traded January 23, 2024, filed February 6, 2024
  • Kathy E. Manning(D-NC 6):Purchase, $1,001 - $15,000, traded January 23, 2024, filed February 6, 2024

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 20, 2027 estimated from the company's past filing pattern, not announced

  • October 16, 2026
  • July 16, 2026
  • April 16, 2026
  • January 21, 2026
  • October 15, 2025
  • July 17, 2025

Recent SEC filings

Data status

When each part of this page on Citizens Financial Group was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Citizens Financial Group in brief

What does Citizens Financial Group do?
Citizens Financial Group is a US-listed company in the regional banks industry. Its financial year ends in December.
What is Citizens Financial Group's stock ticker?
Citizens Financial Group trades under the ticker CFG on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Citizens Financial Group's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Citizens Financial Group reported revenue of $8.9B, 10.6% higher than a year earlier, according to its SEC filings.
What is Citizens Financial Group's free cash flow?
Citizens Financial Group's free-cash-flow margin is 9.3% of revenue over the trailing twelve months.
Who are Citizens Financial Group's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Capital World Investors. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Citizens Financial Group buying back stock, and does it pay a dividend?
Citizens Financial Group spent $775M on share repurchases over the trailing twelve months, and its diluted share count fell 2.4% over the year.
What is Citizens Financial Group's market cap?
On November 2, 2026, Citizens Financial Group's market capitalisation was about $27.8B, with a price-to-earnings ratio of 12.3 and net debt of $5B. Market figures come from third-party market data and may be delayed.
Does Citizens Financial Group pay a dividend?
Yes: Citizens Financial Group paid $793M in dividends over the trailing twelve months, a dividend yield of 2.90% and a payout ratio of 35.0%.
Who are Citizens Financial Group's competitors?
In our Regional Banks peer group, the companies closest to Citizens Financial Group are First Citizens Bancshares Inc, M&T Bank, KeyCorp, Huntington Bancshares and Regions Financial Corporation. The side-by-side comparison below sets their revenue, margins and growth against Citizens Financial Group's.
Are insiders buying or selling Citizens Financial Group stock?
Over the last 12 months, Citizens Financial Group's directors and officers reported 0 open-market purchases and 3 sales on Form 4. The insider trading page charts every trade.
When is Citizens Financial Group's next earnings date?
Around January 15, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Citizens Financial Group announces its own schedule.