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Citizens Financial Group, Inc.

CFG Financial Banks Regional

Citizens Financial Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $12.1 billion, down 2.47% from fiscal 2024.

Revenue
+5.83%
EPS
+34.0%
Free cash flow
−75.9%
Total debt
+62.9%

Quarter to September 2026, against a year earlier

64.02 1.88 −2.85%
Market cap
$26.8B
P/E
12.8×
Fwd P/E
12.0×
Dividend yield
2.97%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Insider Decisions last twelve months

Sold, $m 10.47
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 1 — 1 — 1 — — — —
Insider Ownership 1.35%

Capital & Financial Ratios $m

Size
Market Cap 26,760.00
Revenue ttm 12,555.00
Net income ttm 2,268.00
Free cash flow ttm 1,058.00
Net debt Q 3,455.00
Valuation
P/E 12.78
Forward P/E 12.00
Price / sales 2.15
Forward P/S Powerpack
Price / FCF 32.96
Price / book 1.17
Financial health
Current ratio Q 0.86
Debt / equity Q 0.68
Interest coverage Q —
Growth
Revenue growth Q +5.83% (above 0%: growing)
Operating income growth Q +27.82% (above 0%: growing)
EPS, this year +37.67% (at or above 15%: strong)
EPS, next year A +22.03% (at or above 15%: strong)
Revenue, next year A −23.95% (below 0%: weak)
EPS, past 5 yrs +11.70%
EPS, next 5 yrs A +24.72% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 54.97%
10-year low 10-year high
P/S against its own 10 years 45.91%
10-year low 10-year high
P/B against its own 10 years 96.52%
10-year low 10-year high

Dividends raised 2 years running

Yield
2.97%
Annual rate
1.90
Payout ratio
38.2%
Growth, 2018–26
+8.63%/yr
  1. 0.98 ’18
  2. 1.36 ’19 +39
  3. 1.56 ’20 +15
  4. 1.56 ’21 +0
  5. 15.75 ’22 +909
  6. 1.68 ’23 −89
  7. 1.68 ’24 +0
  8. 1.72 ’25 +2
  9. 1.90 ’26 +10
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 12,033 11,236 13,688 13,558
Receivables — — — —
Inventory — — — —
Other — — — —
156,673 149,236 155,635 160,764
2023 2024 2025 Q'26
Payables 177,342 174,776 183,313 185,228
ST’ Debt — — — —
Other — — — —
177,847 174,776 183,371 186,047

Compound Annual Growth %

10y 5y 3y
Sales 8.62% 9.45% 9.96%
Cash Flow 6.05% 81.91% (18.73%)
Earnings 7.32% 12.18% (4.86%)
Book Value 2.97% 3.03% 3.57%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.38 Actual 1.41

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.11 1.13 Beat by 0.02
Q1 FY26 1.10 1.13 Beat by 0.03
Q2 FY26 1.25 1.30 Beat by 0.05
Q3 FY26 1.38 1.41 Beat by 0.03
Q4 FY26 1.48 — Reports 20 January 2027

EPS $

Mar Jun Sep Dec Year
’26 1.13 1.30 1.41 — —
’25 0.77 0.92 1.05 1.13 3.86
’24 0.65 0.78 0.77 0.83 3.03
’23 1.00 0.92 0.85 0.34 3.13
’22 0.93 0.67 1.23 1.25 4.10
’21 1.37 1.44 1.18 1.17 5.16
’20 0.03 0.53 0.68 0.99 2.22
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 3,026 3,195 3,268 — —
’25 2,896 3,007 3,088 3,066 12,057
’24 3,127 3,128 3,071 3,036 12,362
’23 2,887 3,037 3,087 3,176 12,187
’22 1,711 2,120 2,481 2,757 9,069
’21 1,758 1,696 1,736 1,796 6,986
’20 1,975 1,940 1,934 1,827 7,676
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 237 726 453 — —
’25 (213) 886 1,696 (158) 2,211
’24 554 834 130 483 2,001
’23 1,154 122 1,015 670 2,961
’22 1,554 (1,876) 3,000 1,441 4,119
’21 (690) 580 1,280 1,105 2,275
’20 (1,327) (86) 658 866 111
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 237 705 401 — —
’25 (227) 853 1,661 (250) 2,037
’24 544 804 96 435 1,879
’23 1,102 83 982 622 2,789
’22 1,503 (1,881) 2,915 1,456 3,993
’21 (700) 558 1,253 1,040 2,151
’20 (1,343) (123) 712 747 (7)
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 12.9% a year for ten years. It grew 15.8% a year over the last ten.

Implied
12.9%
10 years, reported
15.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 5,763 6,454 7,354 8,066 7,676 6,986 9,069 12,187 12,362 12,057 12,555 +8.5% 9,169 9,966 10,615 (4.2%)
Gross margin, % 91.19 88.43 83.33 80.47 89.96 95.15 88.44 67.48 63.17 68.40 71.13 (22.8) pt
EBT 1,534 1,912 2,183 2,251 1,298 2,977 2,655 2,030 1,888 2,328 2,886 +4.7%
EBT margin, % 26.62 29.63 29.68 27.91 16.91 42.61 29.28 16.66 15.27 19.31 22.99 (7.3) pt
Net income 1,045 1,652 1,721 1,791 1,057 2,319 2,073 1,608 1,509 1,831 2,268 +6.4%
Per share, $
Per share, $ Revenue 11.04 12.85 15.36 17.94 17.97 16.41 19.05 25.65 27.43 27.83 29.81 +10.8%
Earnings 1.97 3.26 3.54 3.82 2.22 5.18 4.12 3.14 3.05 3.90 5.01 +7.9%
Cash flow 2.85 3.75 3.69 3.77 0.26 5.34 8.65 6.23 4.44 5.10 2.99 +6.7%
Capex (0.57) (0.88) (0.48) (0.21) (0.28) (0.29) (0.26) (0.36) (0.27) (0.40) (0.47) (3.9%)
Free cash flow 2.28 2.87 3.21 3.56 (0.02) 5.05 8.39 5.87 4.17 4.70 2.51 +8.4%
Book value 37.82 40.37 43.48 49.37 53.09 55.02 49.77 51.24 53.82 60.75 59.75 +5.4%
Shares, m 522 502 479 450 427 426 476 475 451 433 426 (2.1%)
Valuation, ×
Valuation, × P/E 18.11 13.05 8.40 10.63 16.04 9.12 9.62 10.74 14.35 14.94 12.78 12.5
P/S 3.25 3.32 1.94 2.26 1.99 2.88 2.07 1.31 1.60 2.10 2.15 2.3
P/B 0.96 1.07 0.71 0.89 0.74 0.94 0.87 0.71 0.89 1.05 1.17 0.9
EV/Sales 4.75 4.64 3.53 3.55 1.38 2.52 2.63 1.42 1.69 1.89 — 2.8
EV/FCF 23.00 20.77 20.03 21.02 (42.83) 9.19 6.36 6.81 12.74 12.71 — 9.0
Cash, $m
Cash, $m Operating cash flow 1,490 1,883 1,767 1,697 111 2,275 4,119 2,961 2,001 2,211 1,258 +4.5%
Capex (300) (440) (232) (95) (118) (124) (126) (172) (122) (174) (200) (5.9%)
Free cash flow 1,190 1,443 1,535 1,602 (7) 2,151 3,993 2,789 1,879 2,037 1,058 +6.2%
Balance, $m
Balance, $m Working capital (2,962) (4,437) 68 (738) (9,718) (15,088) (14,216) (21,174) (25,540) (27,736) (25,283) +28.2%
Net debt 8,647 8,541 11,703 10,364 (4,693) (2,542) 5,037 1,434 1,165 (2,464) 3,455 n/m
Shareholders’ equity 19,747 20,270 20,817 22,201 22,673 23,420 23,690 24,342 24,254 26,317 25,162 +3.2%
Returns, %
Returns, % ROA 0.72 1.09 1.08 1.05 0.54 1.19 0.94 0.66 0.62 0.76 0.93 0.0 pt
ROIC 3.38 4.15 4.20 4.32 4.51 8.91 5.78 4.92 4.64 6.10 6.30 +2.7 pt
ROE 5.30 8.29 8.46 8.46 4.60 10.48 9.10 6.78 6.17 7.28 9.11 +2.0 pt
People
People Employees 17,600 17,600 18,100 18,000 17,407 17,463 18,889 17,570 17,287 17,398 — (0.1%)
Revenue/emp, $m 0.33 0.37 0.41 0.45 0.44 0.40 0.48 0.69 0.72 0.69 — +8.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Citizens Financial Group is a Providence, Rhode Island-based bank holding company led by Chairman and Chief Executive Officer Bruce Van Saun. Its principal bank subsidiary, CBNA, takes deposits, makes loans, and provides related financial services under federal banking regulation.

The company serves individuals, small businesses, middle-market companies, large corporations, and institutions. Its Consumer Banking business provides everyday banking and savings accounts, mortgages, home-equity lending, credit cards, small-business loans, and wealth-management services. Customers can use branches, ATMs, telephone service centers, and online and mobile banking for activities such as deposits, bill payment, and transfers.

Citizens Financial Group, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MTB M&T Bank Corporation $31.7B 11.4× 11.3× −0.64% (below 0%: shrinking) +4.74% (above 0%: growing) +52.44% (above 0%: growing) 74.37% 0.00% Compare
HBAN Huntington Bancshares Incorporated $31.5B 12.5× 12.1× +27.35% (above 0%: growing) −17.07% (below 0%: shrinking) +53.14% (above 0%: growing) 67.89% 0.00% Compare
SHG Shinhan Financial Group Co Ltd $29.2B 8.5× 7.3× +27.14% (above 0%: growing) +10.37% (above 0%: growing) +120.93% (above 0%: growing) 63.24% 0.00% Compare
BBDO Banco Bradesco SA $28.5B 5.2× — +16.65% (above 0%: growing) +44.44% (above 0%: growing) +1,455.10% (above 0%: growing) 34.57% 0.00% Compare
BAP Credicorp Ltd. $27.6B 12.9× 11.7× +12.23% (above 0%: growing) +16.83% (above 0%: growing) +76.09% (above 0%: growing) 82.34% 0.00% Compare
CFG Citizens Financial Group, Inc. $26.8B 12.8× 12.0× +5.83% (above 0%: growing) +33.96% (above 0%: growing) −75.86% (below 0%: shrinking) 71.05% 0.00%
FCNCA First Citizens BancShares, Inc. $25.5B 12.3× 11.9× +0.11% (above 0%: growing) +31.07% (above 0%: growing) +28.65% (above 0%: growing) 67.05% 0.00% Compare
RF Regions Financial Corporation $24.2B 11.0× 10.7× +0.16% (above 0%: growing) +16.13% (above 0%: growing) −39.63% (below 0%: shrinking) 80.24% 0.00% Compare
KEY KeyCorp $22.1B 11.5× 11.2× +1.55% (above 0%: growing) +24.39% (above 0%: growing) +85.68% (above 0%: growing) 71.05% 0.00% Compare
Median of peers $28.1B 11.4× 11.3× +6.89% +16.48% +64.62% 69.47% 0.00%

All 327 Banks Regional stocks →

From the latest earnings call

Updated

  • Citizens’ management said net interest income rose as interest-earning assets and the net interest margin expanded, while several businesses contributed fee revenue.
  • Citizens’ management said the private bank contributed growth in deposits, loans and client assets while maintaining a spread between loan yields and deposit costs.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Cantor Fitzgerald Oct 20, 2026 Target cut Outperform 84.00 → 78.00
Raymond James Oct 20, 2026 Initiated Buy 77.00
JPMorgan Oct 16, 2026 Target cut — 78.00 → 72.50

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 96.65%
Held by the ten largest 51.27%
Holder Shares Stake Change
Vanguard 52.04m 12.31% +748.98k
BlackRock 48.74m 11.53% +2.04m
Capital Group 25.68m 6.08% −4.66m
Invesco 22.15m 5.24% −772.13k
State Street 21.24m 5.03% +978.98k
Morgan Stanley 12.26m 2.90% −447.71k
Geode Capital Management 11.82m 2.80% +5.29k
Ninety One UK Ltd 7.85m 1.86% +1.08m
AQR Capital Management 7.47m 1.77% +266.49k
UBS 7.46m 1.76% +1.86m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 9 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 12.51m 21.97m 202.10
2024 10.63m 14.65m 145.80
2023 11.08m 8.58m 105.70
2022 11.70m 10.14m 118.60
2021 12.43m 19.45m 136.90
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Citizens Financial Group, Inc. (CFG) Latest News

5 Nov

Impact 3 · · MarketBeat

29 Oct

Impact 3 · · MarketBeat

28 Oct

Impact 4 · · wealthmanagement.com
Impact 4 · · wealthmanagement.com
Impact 3 · · Barchart

26 Oct

Impact 3 · · Zacks

20 Oct

Impact 4 · · Barchart

19 Oct

Impact 4 · · StockStory
Impact 3 · · StockStory

18 Oct

Impact 4 · · The Motley Fool
Impact 4 · · Simply Wall St.

17 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

16 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 4 · · Moby
Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · InvestorsHub
Impact 3 · · Zacks
Impact 3 · · Investing.com earnings
Impact 3 · · StockStory
Impact 3 · · Zacks
Impact 3 · · Associated Press

15 Oct

Impact 3 · · StockStory

14 Oct

Impact 3 · · Zacks

9 Oct

Impact 3 · · Zacks

7 Oct

Impact 3 · · Simply Wall St.

6 Oct

Impact 4 · · Business Wire

CFG metrics, ten years each

stockrow.com/CFG · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com