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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Provision (benefit) for credit losses

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Citizens Financial Group

Citizens Financial Group, Inc. engages in the provision of commercial banking services. It operates through the Consumer Banking and Commercial Banking segments. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services. The Commercial Banking segment offers lending and leasing, trade financing, deposit and treasury management, foreign exchange and interest rate risk management, corporate finance and debt, and equity capital markets. The company was founded in 1828 and is headquartered in Providence, RI.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Citizens Financial Group exceeds expectations in Q4 2022 earnings

CFG's Q4 2022 performance was strong, exceeding full-year expectations with a focus on expense management and capital return to shareholders.
While facing economic uncertainties and NIM challenges, the company aims to capitalize on growth opportunities in fee income and deposit dynamics.
Strategic initiatives across segments position CFG for positive operating leverage and continued growth in a changing rate environment.
Investors should monitor ACL trends, NIM adjustments, and the successful execution of expense reduction programs for future performance.

Citizens Financial Group maintains strong performance amidst growth opportunities

Citizens Financial Group showcased strong financial performance with a focus on capital strength, customer relationships, and strategic initiatives amidst a challenging environment.
While facing short-term challenges like NII decline and inflation impact considerations, the bank remains optimistic about growth opportunities in deposits, fee income, and investment banking.
Balancing expense management with strategic investments and credit underwriting sophistication will be crucial for the bank to navigate uncertainties and deliver attractive returns to stakeholders.

Citizens Financial Group reports solid Q2 performance amidst margin challenges

Citizens Financial Group (CFG) delivered strong financial results in Q2 2023, focusing on talent enhancement, strategic growth initiatives, and capital strength. Challenges include margin pressures and navigating a changing interest rate environment. The company is well-positioned to capitalize on opportunities for growth and stability in the coming quarters.

Citizens Financial Group maintains stability and outperformance amidst Q3 challenges

Citizens Financial Group's Q3 performance showed resilience with a focus on balance sheet strength and strategic initiatives despite challenges in Capital Markets deals. The bank's strengths in CET1 ratio, ACL coverage, and low-cost deposit growth position it well for continued stability and outperformance. Opportunities in NII trajectory, loan portfolio growth, and leveraging the New York market provide avenues for future growth.

Citizens Financial Group (CFG) reports robust 2023 performance and eyes growth opportunities in 2024

Citizens Financial Group (CFG) demonstrated strong financial performance in 2023, focusing on balance sheet strength, cost efficiency, and growth in spot loans.
Challenges for 2024 include managing charge-offs, NII and NIM bottoming, and consumer deposit behavior, while opportunities lie in organic growth initiatives and Basel III benefits.
The bank's disciplined approach to risk management, expense reductions, and shareholder returns positions it well for future growth and profitability.

Citizens Financial Group (CFG) posts resilient Q1 results amidst growth opportunities

Citizens Financial Group (CFG) reported a strong Q1 performance with solid financial metrics and progress in strategic initiatives. While facing challenges in loan growth and NII expectations, the bank remains well-positioned to capitalize on opportunities for deposit growth and capital flexibility. Navigating economic uncertainties with caution, CFG aims to leverage its strengths to drive sustainable growth and shareholder value.

Citizens Financial Group (CFG) reports resilient Q3 performance and navigates rate challenges

Citizens Financial Group (CFG) delivered solid financial results in Q3 2024, showcasing progress in strategic initiatives and maintaining balance sheet strength. Challenges include managing NII decline and navigating deposit beta dynamics amidst rate cuts. Opportunities exist in optimizing margins, leveraging efficiencies, and capitalizing on growth prospects.

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Year-to-date, Citizens Financial Group has underperformed the S&P 500 and the S&P Regional Bank Select Industry Index. The company has undertaken strategic initiatives, including growth in private banking and balance sheet optimization, that may uncover value for skeptical investors. Target: $42 per share.

The Recovery Of Citizens Financial Group

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PROVIDENCE, R.I.--(BUSINESS WIRE)--Rapid interest rate increases to curb inflation continue to weigh on economic conditions, according to the national Citizens Business Conditions Index™ (CBCI), released today. A rise in unemployment insurance claims and a slowdown in small business formation caused the Index to dip to 48.5 in the second quarter.

Citizens Business Conditions Index™ dips in Q2

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced the appointment of Susan deTray as Head of Citizens Private Bank. In this new role, she will lead the bank's private banking growth strategy and partner closely across the enterprise to propel growth in Wealth Management, Business Banking and Commercial Banking. The Citizens Private Bank has multiple teams in Boston, New York, Palm Beach, Fla. and San Francisco. She will report directly to Brendan Coug.

Citizens Names Susan deTray as Head of Citizens Private Bank

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Why Shares of Charles Schwab, KeyCorp, and Citizens Financial Are Rising This Week

Citizens Financial Group, Inc. (NYSE:CFG ) Q2 2023 Earnings Conference Call July 19, 2023 9:00 AM ET Company Participants Kristin Silberberg - EVP, IR Bruce Van Saun - Chairman and CEO John Woods - CFO Brendan Coughlin - Head, Consumer Banking Don McCree - Head, Commercial Banking Conference Call Participants Scott Siefers - Piper Sandler Erika Najarian - UBS Nathan Stein - Deutsche Bank Gerard Cassidy - RBC Ken Usdin - Jefferies John Pancari - Evercore Manan Gosalia - Morgan Stanley Vivek Juneja - JPMorgan Operator Good morning, everyone. And welcome to the Citizens Financial Group Second Quarter 2023 Earnings Conference Call.

Citizens Financial Group, Inc. (CFG) Q2 2023 Earnings Call Transcript

Higher interest rates and NII support Citizens Financial's (CFG) Q2 earnings, while a fall in non-interest income and loans, and higher expenses are headwinds.

Citizens Financial (CFG) Q2 Earnings Miss, Revenues Rise on NII

Three major U.S. regional banks met or beat profit expectations on Wednesday as higher interest rates allowed them to charge more for loans, while deposits stabilized, sending shares across the sector up.

U.S regional bank shares rise on interest income, deposits stabilizing

While the top- and bottom-line numbers for Citizens Financial Group (CFG) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Citizens Financial Group (CFG) Reports Q2 Earnings: What Key Metrics Have to Say

Citizens Financial Group (CFG) came out with quarterly earnings of $0.92 per share, missing the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.14 per share a year ago.

Citizens Financial Group (CFG) Q2 Earnings Lag Estimates

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported second quarter 2023 financial results. The earnings press release, investor presentation, and financial supplement are available at http://investor.citizensbank.com. In addition, these materials will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov. “We were pleased to navigate well through a dynamic and chal.

Citizens Financial Group, Inc. Reports Second Quarter 2023 Net Income of $478 million and EPS of $0.92

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today was named “Best Super-regional Bank in the U.S.” by Euromoney as part of the magazine's Awards for Excellence 2023. The award recognizes the U.S. bank that brings the highest level of service, innovation and solutions to its customers. The judging period for the 2023 awards ran from April 2022 to March 2023, and included criteria such as financial metrics, strategic execution, and performance relative to peers.

Citizens Financial Group Named Best Super-Regional Bank in the U.S. in Euromoney's Awards for Excellence 2023

A weaker lending environment is likely to have affected Citizens Financials' (CFG) NII. Nonetheless, a rise in non-interest income and a decline in expenses are likely to have supported Q2 earnings.

What's in Store for Citizens Financial (CFG) in Q2 Earnings?

Citizens Financial Group (CFG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Citizens Financial Group (CFG) Q2 Earnings Expected to Decline

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced the appointment of Taira Hall as Head of Enterprise Payments effective today. Hall will report to Beth Johnson, Vice Chair and Chief Experience Officer at Citizens. Hall most recently served as Senior Vice President of Embedded Finance, B2B & Strategic Innovation Executive at FIS. Previously Hall held executive leadership roles at Visa and Citigroup focused on developing and deploying market-leadin.

Citizens Announces Taira Hall as Head of Enterprise Payments

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An increase in SCB implies a regulatory minimum CET1 ratio of 8.5% for Citizens Financial (CFG). Nonetheless, the company is likely to continue repurchase activities.

Citizens Financial's (CFG) Capital Needs Become Stringent

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PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG or the “Company”) today announces the Board of Governors of the Federal Reserve System (the “Federal Reserve”) has communicated to the Company its preliminary Stress Capital Buffer (“SCB”) of 4.0%, effective October 1, 2023, following the release of the Federal Reserve's DFAST stress test results on June 28, 2023. The Company's regulatory minimum CET1 ratio implied by the preliminary SCB is now 8.5%, up from 7.9%. Citi.

Citizens Financial Group, Inc. Announces Preliminary Stress Capital Buffer

News for Citizens Financial Group Stock (CFG)