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Citizens Financial Group Inc  (CFG)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $31.6300 $0.24 0.765%
Day's High: $31.825 Week Perf: 3.94 %
Day's Low: $ 30.54 30 Day Perf: -3.27 %
Volume (M): 4,844 52 Wk High: $ 41.37
Volume (M$): $ 153,203 52 Wk Avg: $29.04
Open: $31.08 52 Wk Low: $22.77



 Market Capitalization (Millions $) 15,067
 Shares Outstanding (Millions) 476
 Employees 17,463
 Revenues (TTM) (Millions $) 7,537
 Net Income (TTM) (Millions $) 1,491
 Cash Flow (TTM) (Millions $) 1,081
 Capital Exp. (TTM) (Millions $) 172

Citizens Financial Group Inc

Headquartered in Providence, Rhode Island, we were the 13th largest retail bank holding company in the United States. Our approximately 17,700 colleagues strive to meet the financial needs of customers and prospects through approximately 1,200 branches operating in an 11-state footprint across the New England, Mid-Atlantic and Midwest regions and through our online, telephone and mobile banking platforms. Our branch banking footprint contained approximately 30 million households and 3.1 million businesses. We also maintain over 100 retail and commercial non-branch offices located both in our banking footprint and in other states and the District of Columbia largely contiguous to our footprint. We deliver a comprehensive range of retail and commercial banking products and services to more than five million individuals, institutions and companies nearly 70% of our loans were to customers in our footprint and eight contiguous states where we maintain offices.
Our primary subsidiaries are CBNA, a national banking association whose primary federal regulator is the OCC, and CBPA, a Pennsylvania-chartered savings bank regulated by the Department of Banking of the Commonwealth of Pennsylvania and supervised by the FDIC as its primary federal regulator.

We offer a broad set of banking products and services through our two operating segments — Consumer Banking and Commercial Banking — with a focus on providing local delivery and a differentiated customer experience. We seek to ensure that customers select us as their primary banking partner by taking the time to understand their banking needs and we tailor our full range of products and services accordingly.

Building on our core strengths, our objective is to be a top-performing bank that delivers well for each of our stakeholders by offering the best possible banking experience for customers. We plan to achieve this by leveraging our strong customer relationships, leading market share rankings in attractive markets, customer-centric colleagues, and our high quality balance sheet.


Our strategy is designed to maximize the full potential of our business and drive sustainable growth and enhanced profitability. As a core measure of success, our medium-term financial targets include a ROTCE ratio of greater than 10% and an efficiency ratio in the 60% range. Our financial targets are based on numerous assumptions including the yield curve evolving consistent with market implied forward rates and that macroeconomic and competitive conditions are consistent with those used in our planning assumptions.


While our strategic plan and our ROTCE target and its components are presented with numerical specificity and we believe such targets to be reasonable given the uncertainties surrounding our assumptions, there are significant risks that these assumptions may not be realized and thus our goals may not be achieved. Accordingly, our actual results may differ from these targets and the differences may be material and adverse, particularly if actual events adversely differ from one or more of our key assumptions. We caution investors not to place undue reliance on any of these assumptions or targets.

We intend to deliver on this by adhering to the following strategic principles:

Offer customers a differentiated experience through the quality of our colleagues, products and services, and foster a culture around customer-centricity, commitment to excellence, leadership, teamwork and integrity.

Build a great brand that invokes trust from customers and reinforces our value proposition of being “Simple. Clear. Personal.” for Consumer customers and providing solutions-oriented “Thought Leadership” to Commercial clients.

Deliver attractive risk-adjusted returns by making good capital and resource allocation decisions, being good stewards of our resources, and rigorously evaluating our execution.

Operate with a strong balance sheet with regards to capital, liquidity and funding, coupled with a well-defined and prudent risk appetite.

Maintain a balanced business mix between Commercial Banking and Consumer Banking.

Position the bank as a ‘community leader’ that makes a positive impact on the communities and local economies we serve.
In order to successfully execute on these principles, we have developed the following strategic priorities, each of which are underpinned by a series of initiatives as summarized below. We have made solid progress on our strategic priorities and the underlying initiatives over the past year, due primarily to the strength of our business model, management team, culture of accountability and risk management.



   Company Address: One Citizens Plaza Providence 2903 RI
   Company Phone Number: 900-6715   Stock Exchange / Ticker: NYSE CFG
    Next quarterly dividend pay out on April 08, 2024.


Customers Net Income grew by CFG's Customers Net Profit Margin grew to

8.75 %

10.42 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK        0.38% 
FCNCA   -0.09%    
FITB        3.31% 
NTRS        1.8% 
TCBI        0.07% 
WAL   -2.42%    
• View Complete Report
   



Citizens Financial Group Inc

Citizens Financial Group Inc. Faces Sharp Decline in EPS in Fourth Quarter of 2023

Citizens Financial Group Inc's recent financial performance for the fourth quarter of 2023 reflects challenges faced by the company, with a significant decline in earnings per share and profit compared to the previous year. The company's revenue also saw a double-digit decrease, impacting its overall financial health.
Despite these setbacks, Citizens Financial Group Inc is taking proactive steps to strengthen its leadership team and governance structure. The appointment of Tracy A. Atkinson, a seasoned executive with expertise in finance and risk management, to the Board of Directors, underscores the company's commitment to building a diverse and skilled leadership team.

Management Changes

Citizens Financial Group Strengthens Leadership with New Board Appointments, Aims to Bolster Growth and Risk Management Efforts

Published Fri, Feb 16 2024 1:00 PM UTC



Citizens Financial Group, Inc. (NYSE: CFG) has recently made significant changes to its Board of Directors, signaling a strategic move to enhance the company's leadership team. Tracy A. Atkinson, an accomplished executive with a distinguished background in finance and risk management, has been appointed to the Board, effective March 1, 2024. Moreover, Edward J. Kel...

Dividend

Citizens Financial Group, Inc. Prioritizes Shareholder Commitment with Dividend Declarations

Published Wed, Feb 14 2024 9:19 PM UTC



In an official press release, Citizens Financial Group, Inc. (NYSE: CFG), a leading financial institution, has announced its declaration of dividends on its preferred stock. The dividends are set to be payable on April 8, 2024, to preferred shareholders of record as of March 22, 2024. This move highlights the company's strong commitment to providing returns to its ...

Management Changes

Citizens Financial Group Appoints Brendan Goode as Chief Security Officer as the Company Continues to Prioritize Robust Security Measures

Published Wed, Feb 14 2024 2:23 PM UTC



Citizens Financial Group, a prominent financial institution, has announced the appointment of Brendan Goode as its new Chief Security Officer (CSO) effective April 29, 2024. This strategic move comes as the company seeks to enhance its security measures and protect its operations against an evolving landscape of cyber threats.
Goode will report directly to Mich...

Management Changes

Citizens Financial Group Accelerates Wealth Management Business with Strategic Hires and Opening of New Private Banking Office, Aims for Industry Leadership

Published Thu, Feb 8 2024 2:00 PM UTC


PROVIDENCE, R.I. - Citizens Financial Group, Inc. (NYSE: CFG) has recently announced a series of initiatives aimed at driving the growth of its Wealth Management and Private Banking business, with a focus on catering to clients across the entire wealth spectrum. The company aims to serve the needs of mass affluent individuals all the way up to ultra-high net worth indiv...






 

Citizens Financial Group Inc's Segments
 
 
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Citizens Financial Group Inc does not provide revenue guidance.

Earnings Outlook
Citizens Financial Group Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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