Revenue segments as reported by the company.

Net interest income

Non interest income

Revenue Segments

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

Operating Margin

Profit Margin

Margins

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

Non interest expense

Provision (benefit) for credit losses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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.

Outstanding Shares

Market Cap

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

Revenue Multiple

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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Bank of New York Mellon

Capital One

Fifth Third Bancorp

Northern Trust

State Street

U.S. Bancorp

Moody's slashed the credit ratings on 10 US banks on Monday.  It also put major lenders like Bank of New York Mellon and US Bancorp under review for potential downgrades.

Fed policy is weighing on US banks. Here's everything to know about the Moody's downgrades.

SPDR S&P Regional Banking ETF

Moody's

M&T Bank

PNC Financial Services

Webster Financial

The SPDR S&P Regional Banking ETF (KRE) fell by more than 3% and was on track for its worst day since May 4.

Regional bank shares under fire again after credit downgrade, head for worst day in three months

BOK Financial

Cullen/Frost Bankers

Pinnacle Financial Partners

Truist Financial

Bank stocks fell after Moody's downgraded credit ratings for several regional lenders, and marked large banks for review as profit issues arise.

Moody's Raises Profit Questions On U.S. Regional Banks

Ally Financial

Associated Banc-Corp

Fulton Financial

Old National Bancorp

Prosperity Bancshares

Regions Financial

Simmons First National Corporation

Ratings agency Moody's on Monday downgraded several mid-sized U.S. banks, warning that the credit strength of lenders will likely be tested by funding risks and weaker profits.

Factbox: Major US banks downgraded by Moody's on worsening outlook

Bank of America

Citigroup

Comerica

First Horizon National

Goldman Sachs

Huntington Bancshares

JPMorgan Chase & Co

KeyCorp

Morgan Stanley

New York Community Bancorp

Western Alliance Bancorporation

Wells Fargo

Zions Bancorp

Bank fundamentals were challenged but results were better than worst-case fears as higher interest rates boosted bank loan yields, Jefferies analyst Ken Usdin said Thursday in the firm's summary of second-quarter profits for the 36 large and mid-sized banks in its coverage universe.

JPMorgan, Goldman and Morgan Stanley win praise in Jefferies Q2 bank earnings wrap

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

East West Bancorp

Despite mixed second-quarter results, shares of regional lenders surged this week as their deposits stabilized after high-profile bank failures earlier this year.

Shares of regional lenders surge as deposits stabilize

Charles Schwab

Schwab believes that client cash sorting is decelerating. KeyCorp's earnings and revenue missed consensus estimates.

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

Ares Management

Cadence Bank

First Citizens BancShares

F.N.B. Corp.

PacWest Bancorp

Synovus Financial

South State

Earnings season for the largest U.S. banks will begin on Friday, July 14, when JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. announce their second-quarter results. Rounding out the “big six” industry group, Bank of America Corp., Goldman Sachs Group Inc. and Morgan Stanley are all scheduled to report on July 18.

These 20 banks have had the largest cuts to earnings estimates

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

Bank of Montreal

Stress testing is an exercise conducted by regulators to ensure the safety and soundness of the banking system. But it is also important for investors because it helps determine bank capital requirements.

Which Super-Regional Bank Performed the Best in the Fed's Stress Test?

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

Citizens Financial gets a buy rating today, remaining in line with the consensus from Seeking Alpha and Wall Street analysts. Positives are having a near 7% dividend yield, capital strength, interest income growth driven by the macro environment and undervaluation. Negatives are poor growth in non-interest income.

Citizens Financial: A Value Play With 6.5% Dividend Yield

J.P. Morgan analyst Vivek Juneja on Thursday lowered his rating on Citizens Financial Group Inc. CFG, -1.61% to neutral from overweight after the Fed's annual bank stress test results. He kept the price target for the stock at $27 a share.

News for Citizens Financial Group Stock (CFG)