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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.

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.

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BOSTON--(BUSINESS WIRE)--Citizens today announced it has become the Official Bank of the MGM Music Hall at Fenway and the presenting sponsor of CollegeFest Boston held at Citizens House of Blues. These new ventures reinforce Citizens' commitment to supporting live music and entertainment in Boston and will provide unique experiences for Citizens' customers, including exclusive ticket offerings, VIP experiences, insider events, and other special perks. “The addition of MGM Music Hall at Fenway t.

Citizens Expands Support of Boston's Live Entertainment Industry with New Sponsorships of MGM Music Hall at Fenway and CollegeFest Boston

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced today that Chairman and Chief Executive Officer Bruce Van Saun will participate at the Barclays 22nd Annual Global Financial Services Conference on Monday, September 9, 2024 at 9:45 am ET. The live webcast will be available at http://investor.citizensbank.com under Events & Presentations. About Citizens Financial Group, Inc. Citizens Financial Group, Inc. is one of the nation's oldest and largest financi.

Citizens Financial Group to Participate at the Barclays 22nd Annual Global Financial Services Conference

Citizens Financial's (CFG) strong balance sheet position and strategic initiatives look encouraging. Yet, rising costs are a concern.

Citizens Financial (CFG) Up 28.7% YTD: Is it Worth Considering?

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Barron's seventh annual (2024) ranking of Sustainable companies started with the 1,000 largest publicly traded companies by market value, then ranked each by performance for five key constituencies: shareholders, employees, customers, community, and planet. Home-products company Clorox sits at the top for the second straight year, edging out Kimberly-Clark, CBRE Group, Hasbro, and Agilent Technologies in the top five. Per 8/8/24 data from YCharts, the top-10 of 77 dividend-paying sustainable companies ranged 4.34%-14.68% by annual yield and ranged 31.29%-79.66% by broker-estimated target-price upsides.

Buy 10 Sustainable Dividend Dogs Of Barron's August 100

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U.S. stocks typically do especially well during August in presidential election years like this one. On average since its inception in 1896, the Dow Jones Industrial Average DJIA has gained 2.8% in August of a presidential election year.

16 stocks to exploit August's explosive election-year gains

PROVIDENCE, R.I.--(BUSINESS WIRE)-- #CBCI--The national Citizens Business Conditions Index™ (CBCI) rose to 52.2 in the second quarter, pushing into expansionary territory after taking a step back at the beginning of the year. The reading above 50 indicates that economic momentum is building, in this case due to higher company revenue coupled with the prospect of easing monetary policy, which lowers the cost of capital. Citizens' proprietary data showed strong company revenue trends during the period af.

Citizens Business Conditions Index™ Jumps in Q2

Citizens Financial Group, Inc. (NYSE:CFG ) Earnings Conference Call July 17, 2024 9:00 AM ET Company Participants Kristin Silberberg - Executive Vice President, Investor Relations Bruce Van Saun - Chairman and Chief Executive Officer John Woods - Chief Financial Officer Brendan Coughlin - Head of Consumer Banking Don McCree - Head of Commercial Banking Conference Call Participants Peter Winter - D.A. Davidson Erika Najarian - UBS Scott Siefers - Piper Sandler Ken Usdin - Jefferies Manan Gosalia - Morgan Stanley John Pancari - Evercore Gerard Cassidy - RBC Matt O'Connor - Deutsche Bank Operator Good morning, everyone, and welcome to the Citizens Financial Group Second Quarter Earnings Conference Call.

Citizens Financial Group, Inc. (CFG) Q2 2024 Earnings Call Transcript

Citizens Financial Group, Inc. reported mixed Q2 earnings, with declines in deposits and loans, but slightly higher revenue and net income. Despite a focus on quality over quantity, asset quality metrics are deteriorating, with net interest margin and net loan charge-offs on the rise. Return metrics improved, with a better efficiency ratio and higher return on average assets and equity, but the inflection in performance remains uncertain.

Citizens Financial Group: Despite Upbeat View, Critical Metrics Continue To Soften

Citizens Financial's (CFG) Q2 earnings benefit from an increase in non-interest income and reduced expenses. However, challenges emerge with lower NII and a rise in provisions.

Citizens Financial (CFG) Q2 Earnings Miss on Lower Loan Demand

U.S. Bancorp

Upbeat sentiment toward bank stocks continued Wednesday as U.S. Bancorp and Citizens Financial Group Inc. both rose on mostly positive quarterly results.

U.S. Bancorp, Citizens Financial shares rise as positive bank sentiment continues

First Horizon National

U.S. lenders' second-quarter profits were squeezed by dampening loan demand and the high interest they paid to hold on to deposits, but a flurry of bond sales boosted their investment banking units.

US banks see high deposit costs, investment banking boost

The headline numbers for Citizens Financial Group (CFG) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Citizens Financial Group (CFG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Citizens Financial Group (CFG) came out with quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.92 per share a year ago.

Citizens Financial Group (CFG) Q2 Earnings Miss Estimates

Citizens Financial beat expectations for second-quarter profit on Wednesday, as strong capital markets softened the hit from weaker lending.

Citizens Financial's profit beats estimates on strong capital markets

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported second quarter 2024 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 delivered solid performance in the second quarter, featu.

Citizens Financial Group, Inc. Reports Second Quarter 2024 Net Income of $392 million and EPS of $0.78

Barron's seventh annual (2024) ranking of sustainable companies started with the 1,000 largest publicly traded companies by market value, then ranked each by performance for five key constituencies: shareholders, employees, customers, community, and planet. Home-products company Clorox sits at the top for the second straight year, edging out Kimberly-Clark, CBRE Group, Hasbro, and Agilent Technologies in the top five. Per 7/11/24 data from YCharts, the top 10 of 77 dividend-paying sustainable companies ranged 4.37%-12.73% by annual yield and ranged 26.93%-111.85% by broker-estimated target price upsides.

Buy 9 Sustainable Dividend Dogs Of Barron's July Top 100

Get a deeper insight into the potential performance of Citizens Financial Group (CFG) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Ahead of Citizens Financial Group (CFG) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

HomeStreet

WSFS Financial

The Savings and Loan industry is facing challenges from high interest rates. At the same time, decent loan demand and a stable deposit base will help industry players like Citizens Financial (CFG), WSFS Financial (WSFS) and HomeStreet (HMST) to navigate headwinds.

3 Savings & Loan Stocks to Watch Amid High Interest Rate

Citizens Financial's (CFG) second-quarter 2024 results are likely to be driven by an improving lending scenario and strong fee income growth amid rising expenses and weakening asset quality.

Rebound in M&A Deal to Aid Citizens Financial's (CFG) Q2 Earnings

Citizens Financial Group shares have performed well, up 36% in the past year, approaching my target of $37.50, as it has weathered the regional banking crisis well. Q1 results showed stable funding but slow asset growth, given non-core run-off; reserves appear low. My Q2 earnings analysis suggests a potential in-line quarter, with questions about reserves and the pace of loan growth.

Citizens Financial Group Q2 Preview: Potential Reserve Build Is A Source Of Caution (Downgrade)

Citizens Financial Group (CFG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Citizens Financial Group (CFG) Expected to Beat Earnings Estimates: Should You Buy?

Citizens Financial (CFG) expands share repurchase plan by $656 million following the stress test results. Given the company's solid balance sheet and decent liquidity profile, this seems sustainable.

Citizens Financial (CFG) Declares SCB & Planned Capital Actions

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With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients early Monday.

This is how much the largest 20 U.S. banks raised dividends after stress tests

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 4.5%, effective October 1, 2024, following the release of the Federal Reserve's DFAST stress test results on June 26, 2024. The Company's regulatory minimum CET1 ratio implied by the preliminary SCB is 9.0%. Citizens expects its s.

Citizens Financial Group, Inc. Announces Preliminary Stress Capital Buffer and $656 million Increase in Share Repurchase Authorization to $1.25 billion

Citizens

Austin, Texas--(Newsfile Corp. - June 27, 2024) - Citizens, Inc. (NYSE: CIA), a leading diversified financial services company specializing in life, living benefits, and final expense insurance, today announced a correction to information incorrectly attributing Citizens, Inc. on some investor platforms. The Federal Reserve's 2024 stress test on banks was published on June 26, 2024, and included Citizens Financial Group, Inc. (NYSE: CFG).

Citizens, Inc. Corrects Information Error in Some Investor Platforms

News for Citizens Financial Group Stock (CFG)