NYSE: CFG
Citizens Financial Group
Financials · State Commercial Banks
52-week range
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$26.7B
Show tableHide table
| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $18.1B |
| FY2017, ended Dec 31, 2017 | $20.5B |
| FY2018, ended Dec 31, 2018 | $13.7B |
| FY2019, ended Dec 31, 2019 | $17.4B |
| FY2020, ended Dec 31, 2020 | $15.2B |
| FY2021, ended Dec 31, 2021 | $19.9B |
| FY2022, ended Dec 31, 2022 | $19.1B |
| FY2023, ended Dec 31, 2023 | $15.2B |
| FY2024, ended Dec 31, 2024 | $19.1B |
| FY2025, ended Dec 31, 2025 | $24.8B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $26.7B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$8.93B
Show tableHide table
| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $5.25B |
| FY2017, ended Dec 31, 2017 | $5.71B |
| FY2018, ended Dec 31, 2018 | $6.13B |
| FY2019, ended Dec 31, 2019 | $6.49B |
| FY2020, ended Dec 31, 2020 | $6.91B |
| FY2021, ended Dec 31, 2021 | $6.65B |
| FY2022, ended Dec 31, 2022 | $8.02B |
| FY2023, ended Dec 31, 2023 | $8.22B |
| FY2024, ended Dec 31, 2024 | $7.81B |
| FY2025, ended Dec 31, 2025 | $8.25B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $8.93B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $1.04B | $1.35B |
| FY2017, ended Dec 31, 2017 | $1.65B | $1.63B |
| FY2018, ended Dec 31, 2018 | $1.72B | $1.53B |
| FY2019, ended Dec 31, 2019 | $1.79B | $1.57B |
| FY2020, ended Dec 31, 2020 | $1.06B | — |
| FY2021, ended Dec 31, 2021 | $2.32B | — |
| FY2022, ended Dec 31, 2022 | $2.07B | — |
| FY2023, ended Dec 31, 2023 | $1.61B | — |
| FY2024, ended Dec 31, 2024 | $1.51B | — |
| FY2025, ended Dec 31, 2025 | $1.83B | — |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $2.27B | — |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$13.0B
Show tableHide table
| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $3.70B |
| FY2017, ended Dec 31, 2017 | $3.03B |
| FY2018, ended Dec 31, 2018 | $4.07B |
| FY2019, ended Dec 31, 2019 | $3.39B |
| FY2020, ended Dec 31, 2020 | $12.7B |
| FY2021, ended Dec 31, 2021 | $9.16B |
| FY2022, ended Dec 31, 2022 | $10.5B |
| FY2023, ended Dec 31, 2023 | $11.6B |
| FY2024, ended Dec 31, 2024 | $10.6B |
| FY2025, ended Dec 31, 2025 | $12.7B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $13.0B |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$17.8B
Show tableHide table
| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $17.1B |
| FY2017, ended Dec 31, 2017 | $14.4B |
| FY2018, ended Dec 31, 2018 | $17.2B |
| FY2019, ended Dec 31, 2019 | $14.3B |
| FY2020, ended Dec 31, 2020 | $8.59B |
| FY2021, ended Dec 31, 2021 | $7.01B |
| FY2022, ended Dec 31, 2022 | $15.9B |
| FY2023, ended Dec 31, 2023 | $14.0B |
| FY2024, ended Dec 31, 2024 | $12.4B |
| FY2025, ended Dec 31, 2025 | $11.3B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $17.8B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 17.7% since 2016.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.419M
Show tableHide table
| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 509M |
| FY2017, ended Dec 31, 2017 | 487M |
| FY2018, ended Dec 31, 2018 | 460M |
| FY2019, ended Dec 31, 2019 | 427M |
| FY2020, ended Dec 31, 2020 | 425M |
| FY2021, ended Dec 31, 2021 | 422M |
| FY2022, ended Dec 31, 2022 | 484M |
| FY2023, ended Dec 31, 2023 | 459M |
| FY2024, ended Dec 31, 2024 | 437M |
| FY2025, ended Dec 31, 2025 | 425M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | 419M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Net: $642M more bought back than issued
Show tableHide table
| Period | Bought back | Paid to employees | Used in acquisitions |
|---|---|---|---|
| FY2016, ended Dec 31, 2016 | $430M | $23.0M | — |
| FY2017, ended Dec 31, 2017 | $820M | $48.0M | — |
| FY2018, ended Dec 31, 2018 | $1.02B | $41.0M | — |
| FY2019, ended Dec 31, 2019 | $1.22B | $41.0M | — |
| FY2020, ended Dec 31, 2020 | $270M | $48.0M | — |
| FY2021, ended Dec 31, 2021 | $295M | $59.0M | — |
| FY2022, ended Dec 31, 2022 | $153M | $84.0M | $3.04B |
| FY2023, ended Dec 31, 2023 | $906M | $87.0M | — |
| FY2024, ended Dec 31, 2024 | $1.05B | $97.0M | — |
| FY2025, ended Dec 31, 2025 | $600M | $120M | — |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $775M | $133M | — |
Revenue (TTM)
$8.93B
+10.6% YoY
Net income (TTM)
$2.27B
+33.1% YoY
Cash
$13.0B
+11.3% YoY
Total debt
$17.8B
+67.4% YoY
Valuation
At current price- Market Cap
- $26.7B
- P/E
- 11.8×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 3.0×
- Price / Book
- 1.1×
- EV / EBITDA
- —. (Market cap + debt − cash) / EBITDA (TTM)
Growth
Trailing 12 months- Revenue (TTM)
- $8.93B
- Revenue Growth YoY
- 10.6%
- Revenue CAGR 3Y
- 0.9%
- Revenue CAGR 5Y
- 3.6%
- EPS Growth YoY
- 38.7%
- Net Income Growth YoY
- 33.1%
Profitability
Trailing 12 months- Gross Margin
- —
- Operating Margin
- —
- Net Margin
- 25.4%
- FCF Margin
- —. Free cash flow / revenue
- Return on Equity
- 8.9%
Earnings
Trailing 12 months- Net Income
- $2.27B
- EPS (diluted)
- $4.95
- EBITDA
- —. Operating income + depreciation & amortization
- Operating Income
- —
Balance Sheet
As of Sep 30, 2026- Cash and cash equivalents
- $13.0B
- Total Debt
- $17.8B
- Net Debt
- $4.87B
- Total Assets
- $234B
- Total Liabilities
- $209B
- Shareholders' Equity
- $25.2B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.26B
- Capital Expenditure
- —
- Free Cash Flow
- —. Operating cash flow − capital expenditure
Dividends and risk
Last 12 months- Dividend Yield
- 3.0%
- Dividend / Share
- $1.90
- Beta (5Y)
- 1.05
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 10.6% year over year, at $8.93B.
Note
Net margin of 25.4% over the last 12 months.
Strength
Share count is down 2.4% in a year, from buybacks.
Note
Pays a 3.0% dividend yield.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-Q for the quarter ended Sep 30, 2026 · filed Oct 28, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K72Good news
10-K for the fiscal year ended Dec 31, 2025
Filed Feb 12, 2026 · Read the filing on EDGAR
- Net income rose about 21% to $1.8 billion and revenue rose about 6% to $8.2 billion, reversing last year's declines.
- Lending income grew 4% on lower funding costs, and fee income grew 10%, led by wealth and capital markets fees.
- Credit improved: provisions, charge-offs and loans no longer earning interest all fell, helped by shrinking commercial property loans, though business loan charge-offs rose.
- Commercial Banking profit fell 11% while Consumer Banking profit rose 20%, as the bank kept building its Private Bank.
Business momentum
Strong improvement
“Net income of $1.8 billion increased $322 million, with earnings per diluted common share up $0.83 to $3.86 compared to 2024.”
Outlook
Neutral
“Included in AOCI are net losses from terminated swaps of $273 million that will reduce net interest income by $230 million in 2026 and $43 million thereafter.”
Financial stress
Low
“Our total available liquidity, comprised of contingent liquidity and available discount window capacity, was approximately $86.3 billion;”
Tone against the previous report
More positive
Red flags
None found in this report.
Positives
Lending income and margin improved on lower funding costs
“Net interest income of $5.9 billion increased $220 million and net interest margin of 2.97% increased 13 basis points compared to 2024.”
Fee income grew 10%, led by wealth and capital markets
“Noninterest income of $2.4 billion increased $218 million compared to 2024, reflecting growth across a number of fee categories, primarily wealth and capital markets fees.”
Lower credit costs as loan mix improved and commercial property shrank
“Provision expense of $608 million decreased $79 million compared to 2024, reflecting improving loan mix and reduced CRE.”
Concerns
Commercial Banking lending income and profit fell
“Net interest income decreased $172 million compared to 2024, driven by lower net interest margin and a decline in average interest-earning assets.”
Core capital ratios slipped from buybacks, dividends and loan growth
“At December 31, 2025, CFG’s CET1, Tier 1, and Total capital ratios decreased compared to December 31, 2024.”
Business loan charge-offs rose even as commercial property losses eased
“Commercial and industrial $133 $45,763 0.29 % $76 $44,174 0.17 %”
New risks since the previous report
Tariffs and trade policy could raise inflation and interest rates
“U.S. global trade policies, including the imposition of tariffs and uncertainty surrounding the resolution of trade disputes, or renewal of trade agreements, with various countries, may cause inflation to rise and ultimately affect interest rates.”
New technology such as digital assets could bypass banks
“The process of eliminating banks as intermediaries, known as “disintermediation,” could result in the loss of fee income, as well as the loss of customer deposits and the related income generated from those deposits.”
Fast growth in loans to investment funds and finance firms
“Capital call facilities $8,579 6 % $6,070 4 %”
Larger share of deposits not covered by insurance or collateral
“Insured/secured deposits to total deposits 63 % 67 %”
Biggest risks named
- Loan losses in a weaker economy, including commercial property
- Interest rate changes squeezing lending income and securities values
- Deposit outflows, credit ratings and access to affordable funding
- Tougher or changing bank regulation, supervision and capital rules
- Cyber-attacks and reliance on outside technology providers
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +12 | |
| Outlook | 0 | |
| Tone against the previous report | +2 | |
| Financial stress | 0 | |
| Red flags | 0 | |
| New risks | −2 | |
| Score | 72 | |
Written by AI (Claude Opus 5.5) from the report’s text. 13 of 13 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-Q | Oct 28, 2026 | Pro | |||
| 10-K | Feb 12, 2026 | 72 | Strong improvement | None | |
| 10-K | Feb 13, 2025 | 52 | Weakening | None | |
| 10-K | Feb 16, 2024 | 47 | Mixed | 2 medium | |
| 10-K | Feb 17, 2023 | 51 | Mixed | None | |
| 10-K | Feb 23, 2022 | 60 | Mixed | None | |
| 10-K | Feb 23, 2021 | 39 | Sharp deterioration | None | |
| 10-K | Feb 24, 2020 | 65 | Improving | None | |
| 10-K | Feb 21, 2019 | 64 | Improving | None | |
| 10-K | Feb 22, 2018 | 71 | Strong improvement | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Sep 30, 2026), filed Oct 28, 2026. View filings on SEC EDGAR