Citizens Financial Group, Inc. (CFG) vs M&T Bank Corporation (MTB)

Citizens Financial Group, Inc. and M&T Bank Corporation are both Banks Regional companies. M&T Bank Corporation is the larger, with a market value of $31.6B against $26.7B — 1.2× the size. M&T Bank Corporation trades at the lower P/E: 11.3× against 13.6×. Citizens Financial Group, Inc. grew revenue faster over the last twelve months: 3.04% against 1.00%. M&T Bank Corporation has the higher net margin (21.5% vs 16.0%) and the higher return on invested capital (10.2% vs 6.16%). Both pay a dividend; Citizens Financial Group, Inc. yields more (2.90% vs 2.79%). Across the 19 metrics below, M&T Bank Corporation leads on 14 and Citizens Financial Group, Inc. on 5.

Valuation

Metric CFG MTB Banks Regional median
P/E 13.63 11.29 11.98
P/S 2.17 2.35 2.34
P/B 1.11 1.23 1.19
Price to free cash flow 12.88 8.74 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.34% 8.86% 8.23%
Free cash flow yield 7.76% 11.45% 9.08%

Profitability

Metric CFG MTB Banks Regional median
Gross margin 70.51% 74.61% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 16.03% 21.53% 18.66%
Free cash flow margin 18.75% 26.93% 21.11%
Return on equity 8.41% 11.13% 10.65%
Return on assets 0.88% 1.33% 1.13%
Return on invested capital 6.16% 10.18% 8.35%

Growth

Metric CFG MTB Banks Regional median
Revenue growth (TTM) 3.04% 1.00% 6.98%
EPS growth (last fiscal year) 27.39% 16.12% 18.88%
Revenue growth, 5-year CAGR 9.45% 16.06% 12.38%
Net income growth, 5-year CAGR 12.18% 16.11% 9.71%

Health

Metric CFG MTB Banks Regional median
Debt to equity 0.58 0.49 0.22
Current ratio 0.86 0.96 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CFG MTB Banks Regional median
Dividend yield 2.90% 2.79% 2.57%
Payout ratio 0.40 0.32 0.30

Size

Metric CFG MTB Banks Regional median
Market cap 26.72b 31.58b 913.33m

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