NYSE : CFG
Citizens Financial Group, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 63.81 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 26.75B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 7.88B | 7.58B | 8.03B | 8.59B | 6.09B | 4.35B |
| Interest Income on Investments | 2.15B | 2.08B | 2.16B | 1.61B | 968.00M | 503.00M |
| Total Interest Income | 10.03B | 9.66B | 10.19B | 10.20B | 7.06B | 4.85B |
| Interest Paid on Deposits | 3.01B | 3.19B | 3.83B | 3.15B | 651.00M | 160.00M |
| Interest Paid on Borrowings | 615.00M | 616.00M | 728.00M | 818.00M | 397.00M | 179.00M |
| Total Interest Expense | 3.62B | 3.81B | 4.55B | 3.96B | 1.05B | 339.00M |
| Net Interest Income | 6.41B | 5.85B | 5.63B | 6.24B | 6.01B | 4.51B |
| Trust Income | 409.00M | 360.00M | 294.00M | 259.00M | 249.00M | 239.00M |
| Mortgage Banking Activities | 171.00M | 233.00M | 209.00M | 242.00M | 261.00M | 434.00M |
| Gain (Loss) on Sale of Investments | 32.00M | 22.00M | 18.00M | 28.00M | 9.00M | 10.00M |
| Other Non-Interest Income | 1.91B | 1.78B | 1.66B | 1.45B | 1.49B | 1.45B |
| Total Non-Interest Income | 2.52B | 2.39B | 2.18B | 1.98B | 2.01B | 2.13B |
| Revenues Before Loan Losses | 8.93B | 8.25B | 7.81B | 8.22B | 8.02B | 6.65B |
| Provision for Loan Losses | 536.00M | 608.00M | 687.00M | 687.00M | 474.00M | -411.00M |
| Revenue | 8.39B | 7.64B | 7.12B | 7.54B | 7.55B | 7.06B |
| Salaries and Employee Benefits | 2.84B | 2.68B | 2.56B | 2.51B | 2.46B | 2.07B |
| Occupancy Expenses | 435.00M | 435.00M | 447.00M | 492.00M | 410.00M | 333.00M |
| Selling, General & Administrative | 1.76B | 1.71B | 1.68B | 1.72B | 1.60B | 1.38B |
| Other Non-Interest Expense | 504.00M | 518.00M | 521.00M | 561.00M | 419.00M | 300.00M |
| Total Non-Interest Expense | 5.53B | 5.34B | 5.20B | 5.28B | 4.89B | 4.08B |
| EBT Excluding Unusual Items | 2.86B | 2.30B | 1.92B | 2.25B | 2.65B | 2.98B |
| Other Unusual Items | 26.00M | 26.00M | -31.00M | -225.00M | ||
| Pretax Income | 2.89B | 2.33B | 1.89B | 2.03B | 2.65B | 2.98B |
| Income Tax Expense | 618.00M | 497.00M | 379.00M | 422.00M | 582.00M | 658.00M |
| Net Income | 2.27B | 1.83B | 1.51B | 1.61B | 2.07B | 2.32B |
| Preferred Dividends & Other Adjustments | 142.00M | 143.00M | 137.00M | 117.00M | 113.00M | 113.00M |
| Net Income to Common | 2.13B | 1.69B | 1.37B | 1.49B | 1.96B | 2.21B |
| Basic Shares Outstanding | 424.69M | 433.17M | 450.68M | 475.09M | 475.96M | 425.67M |
| Diluted Shares Outstanding | 428.96M | 436.89M | 453.51M | 476.69M | 477.80M | 427.44M |
| EPS (Basic) | 5.01 | 3.90 | 3.04 | 3.14 | 4.12 | 5.18 |
| EPS (Diluted) | 4.95 | 3.86 | 3.03 | 3.13 | 4.10 | 5.16 |
| Dividend Per Share | 1.84 | 1.72 | 1.68 | 1.68 | 1.62 | 1.56 |
| Effective Tax Rate | 21.41% | 21.35% | 20.07% | 20.79% | 21.92% | 22.10% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 12.97B | 12.73B | 10.60B | 11.63B | 10.55B | 9.16B |
| Investment Securities | 10.09B | 8.67B | 8.65B | 9.80B | 9.44B | 4.68B |
| Trading Asset Securities | 696.00M | 408.00M | 440.00M | 842.00M | 1.22B | |
| Mortgage-Backed Securities | 39.44B | 40.08B | 37.24B | 33.43B | 28.57B | 26.35B |
| Total Investments | 49.53B | 49.44B | 46.30B | 43.67B | 38.85B | 32.25B |
| Gross Loans | 148.23B | 142.85B | 139.33B | 146.08B | 156.79B | 128.30B |
| Allowance for Loan Losses | -1.91B | -1.94B | -2.06B | -2.10B | -1.98B | -1.76B |
| Other Adjustments to Gross Loans | -154.00M | -124.00M | -121.00M | -132.00M | -136.00M | |
| Net Loans | 146.32B | 140.75B | 137.14B | 143.86B | 154.68B | 126.41B |
| Property, Plant & Equipment | 883.00M | 1.87B | 1.74B | 1.78B | 1.86B | 1.53B |
| Goodwill | 8.22B | 8.19B | 8.19B | 8.19B | 8.17B | 7.12B |
| Other Intangible Assets | 100.00M | 1.01B | 946.00M | 1.06B | 1.10B | 864.00M |
| Loans Held for Sale | 884.00M | 1.20B | 858.00M | 779.00M | 982.00M | 3.47B |
| Accrued Interest Receivable | 1.04B | 964.00M | 941.00M | 1.00B | 927.00M | 506.00M |
| Other Long-Term Assets | 14.52B | 10.19B | 10.80B | 10.00B | 9.62B | 7.11B |
| Total Assets | 234.46B | 226.35B | 217.52B | 221.96B | 226.73B | 188.41B |
| Interest Bearing Deposits | 144.31B | 136.24B | 137.86B | 140.24B | 131.44B | 104.92B |
| Institutional Deposits | 6.66B | |||||
| Non-Interest Bearing Deposits | 40.92B | 40.42B | 36.92B | 37.11B | 49.28B | 49.44B |
| Total Deposits | 185.23B | 183.31B | 174.78B | 177.34B | 180.72B | 154.36B |
| Short-Term Borrowings | 819.00M | 837.00M | 1.22B | 2.07B | 1.91B | 271.00M |
| Current Portion of Long-Term Debt | 500.00M | 469.00M | 107.00M | 747.00M | 1.92B | |
| Current Portion of Leases | 203.00M | |||||
| Long-Term Debt | 9.40B | 8.71B | 11.88B | 9.57B | 6.62B | 4.99B |
| Federal Home Loan Bank Debt, Long-Term | 7.61B | 2.01B | 53.00M | 3.79B | 8.52B | 19.00M |
| Long-Term Leases | 839.00M | 956.00M | 977.00M | 1.07B | 800.00M | |
| Other Long-Term Liabilities | 6.24B | 3.62B | 3.91B | 3.77B | 3.45B | 2.62B |
| Total Liabilities | 209.30B | 200.03B | 193.27B | 197.62B | 203.04B | 164.99B |
| Preferred Stock, Redeemable | 2.21B | 2.11B | 2.11B | 2.01B | 2.01B | 2.01B |
| Common Stock | 7.00M | 7.00M | 7.00M | 6.00M | 6.00M | 6.00M |
| Additional Paid-In Capital | 22.55B | 22.48B | 22.36B | 22.25B | 22.14B | 19.00B |
| Retained Earnings | 12.39B | 11.35B | 10.41B | 9.82B | 9.16B | 7.98B |
| Treasury Stock | -8.31B | -7.65B | -7.05B | -5.99B | -5.07B | -4.92B |
| Comprehensive Income & Other | -3.68B | -1.97B | -3.60B | -3.76B | -4.56B | -665.00M |
| Total Common Equity | 22.95B | 24.21B | 22.14B | 22.33B | 21.68B | 21.41B |
| Shareholders' Equity | 25.16B | 26.32B | 24.25B | 24.34B | 23.69B | 23.42B |
| Total Liabilities & Equity | 234.46B | 226.35B | 217.52B | 221.96B | 226.73B | 188.41B |
| Total Debt | 17.83B | 13.10B | 14.58B | 16.51B | 18.86B | 8.00B |
| Net Cash (Debt) | -4.27B | 1.28B | -2.93B | -4.04B | -7.17B | 2.69B |
| Net Cash Per Share | -9.96 | 2.93 | -6.47 | -8.47 | -15.01 | 6.29 |
| Filing Date Shares Outstanding | 419.20M | 424.98M | 437.14M | 458.76M | 484.11M | 422.14M |
| Total Common Shares Outstanding | 421.22M | 429.24M | 440.54M | 466.42M | 492.28M | 422.14M |
| Book Value Per Share | 54.49 | 56.39 | 50.26 | 47.87 | 44.03 | 50.71 |
| Tangible Book Value | 14.63B | 15.00B | 13.01B | 13.08B | 12.41B | 13.43B |
| Tangible Book Value Per Share | 34.74 | 34.95 | 29.53 | 28.05 | 25.20 | 31.80 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.27B | 1.83B | 1.51B | 1.61B | 2.07B | 2.32B |
| Depreciation & Amortization | 156.00M | 207.00M | 230.00M | 224.00M | 322.00M | 390.00M |
| Other Amortization | 271.00M | 271.00M | 268.00M | 254.00M | 243.00M | 235.00M |
| Gain (Loss) on Sale of Assets | -32.00M | -24.00M | -18.00M | -28.00M | -9.00M | -11.00M |
| Provision for Credit Losses | 536.00M | 608.00M | 687.00M | 687.00M | 474.00M | -411.00M |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 2.00M | -414.00M | -24.00M | 98.00M | 1.73B | 1.08B |
| Change in Other Net Operating Assets | -2.05B | -306.00M | -571.00M | 273.00M | -858.00M | -962.00M |
| Other Operating Activities | -29.00M | -82.00M | -177.00M | -242.00M | 57.00M | -429.00M |
| Operating Cash Flow | 1.26B | 2.21B | 2.00B | 2.96B | 4.12B | 2.27B |
| Capital Expenditures | -165.00M | -174.00M | -122.00M | -172.00M | -126.00M | -124.00M |
| Cash Acquisitions | -255.00M | -165.00M | ||||
| Investment in Securities | -2.27B | -1.22B | -2.40B | -4.49B | -5.13B | -2.81B |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -7.50B | -4.22B | 5.60B | 9.97B | -6.26B | -6.02B |
| Other Investing Activities | -635.00M | -347.00M | -93.00M | -61.00M | -871.00M | -1.37B |
| Investing Cash Flow | -10.57B | -5.97B | 2.99B | 5.25B | -12.64B | -10.49B |
| Short-Term Debt Issued | 58.00M | 502.00M | ||||
| Long-Term Debt Issued | 8.53B | 13.19B | 25.98B | 24.62B | ||
| Total Debt Issued | 20.35B | 8.59B | 13.19B | 26.48B | 24.62B | |
| Short-Term Debt Repaid | -505.00M | -95.00M | -154.00M | |||
| Long-Term Debt Repaid | -9.74B | -14.29B | -28.42B | -19.69B | -1.35B | |
| Total Debt Repaid | -13.19B | -9.74B | -14.79B | -28.42B | -19.79B | -1.51B |
| Net Debt Issued (Repaid) | 7.16B | -1.15B | -1.61B | -1.93B | 4.83B | -1.51B |
| Repurchase of Common Stock | -775.00M | -600.00M | -1.05B | -906.00M | -153.00M | -295.00M |
| Preferred Stock Issued | 395.00M | 393.00M | 392.00M | 296.00M | ||
| Preferred Share Repurchases | -400.00M | -400.00M | -300.00M | -250.00M | ||
| Common Dividends Paid | -793.00M | -755.00M | -769.00M | -808.00M | -779.00M | -670.00M |
| Preferred Dividends Paid | -138.00M | -133.00M | -134.00M | -120.00M | -113.00M | -113.00M |
| Total Dividends Paid | -931.00M | -888.00M | -903.00M | -928.00M | -892.00M | -783.00M |
| Net Increase (Decrease) in Deposit Accounts | 5.22B | 8.54B | -2.57B | -3.38B | 6.15B | 7.20B |
| Other Financing Activities | -35.00M | -8.00M | 18.00M | 21.00M | -25.00M | -23.00M |
| Financing Cash Flow | 10.63B | 5.88B | -6.01B | -7.13B | 9.91B | 4.64B |
| Net Cash Flow | 1.32B | 2.13B | -1.03B | 1.08B | 1.39B | -3.58B |
| Free Cash Flow | 1.09B | 2.04B | 1.88B | 2.79B | 3.99B | 2.15B |
| Free Cash Flow Margin | 13.02% | 26.67% | 26.38% | 37.00% | 52.91% | 30.48% |
| Free Cash Flow Per Share | 2.55 | 4.66 | 4.14 | 5.85 | 8.36 | 5.03 |
| Cash Interest Paid | 4.04B | 4.04B | 4.38B | 3.64B | 989.00M | 347.00M |
| Cash Income Tax Paid | 151.00M | 151.00M | 208.00M | 375.00M | 183.00M | 1.25B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 27.12B | 25.09B | 19.29B | 15.45B | 19.39B | 20.14B |
| Last Close Price | 63.81 | 56.76 | 40.96 | 29.68 | 33.35 | 38.49 |
| PE Ratio | 13.07 | 14.86 | 14.06 | 10.36 | 9.89 | 9.13 |
| PS Ratio | 3.25 | 3.28 | 2.71 | 2.05 | 2.57 | 2.85 |
| PB Ratio | 1.17 | 0.95 | 0.80 | 0.64 | 0.82 | 0.86 |
| P/FCF Ratio | 24.95 | 12.31 | 10.26 | 5.54 | 4.86 | 9.36 |
| P/OCF Ratio | 21.67 | 11.35 | 9.64 | 5.22 | 4.71 | 8.85 |
| Debt / Equity Ratio | 0.71 | 0.50 | 0.60 | 0.68 | 0.80 | 0.34 |
| Debt / FCF Ratio | 16.32 | 6.43 | 7.76 | 5.92 | 4.72 | 3.72 |
| Net Debt / Equity Ratio | 0.17 | -0.05 | 0.12 | 0.17 | 0.30 | -0.12 |
| Net Debt / FCF Ratio | 3.91 | -0.63 | 1.56 | 1.45 | 1.80 | -1.25 |
| Return on Equity (ROE) | 8.90% | 7.24% | 6.21% | 6.70% | 8.80% | 10.06% |
| Return on Assets (ROA) | 0.99% | 0.83% | 0.69% | 0.72% | 1.00% | 1.25% |
| Earnings Yield | 7.65% | 7.30% | 7.83% | 10.41% | 10.69% | 11.52% |
| FCF Yield | 4.01% | 8.12% | 9.74% | 18.05% | 20.59% | 10.68% |
| Dividend Yield | 3.21% | 2.94% | 3.84% | 5.07% | 4.11% | 3.27% |
| Payout Ratio | 42.02% | 48.50% | 59.84% | 57.71% | 43.03% | 33.77% |
| Buyback Yield / Dilution | 2.42% | 3.67% | 4.86% | 0.23% | -11.78% | 0.17% |
| Total Shareholder Return | 5.63% | 6.61% | 8.70% | 5.30% | -7.67% | 3.44% |