CITIZENS FINANCIAL GROUP INC/RI CFG
Citizens Financial Group, Inc. is headquartered in Providence, Rhode Island. We offer a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions. Our products and services are offered through more than 1,000 branches in 14 states and the District of Columbia and 75 retail and commercial non-branch offices, though certain lines of business serve national markets.
At December 31, 2025, we had total assets of $226.4 billion, total deposits of $183.3 billion, and total stockholders' equity of $26.3 billion. In addition, we had total client assets of $61.9 billion, including assets under management of $35.9 billion, representing assets for which continuous and regular supervisory or management services are provided, and transactional assets of $26.0 billion, representing assets for which execution, custody, recordkeeping, reporting, and other services are provided.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.64B | $1.53B | $1.27B | $1.30B | $1.32B | $1.08B | $1.17B | $6.13B | $5.71B | $5.25B |
| Interest expense | $5.85B | $5.63B | $6.24B | $6.01B | $339.0M | $771.0M | $1.57B | $1.23B | $747.0M | $508.0M |
| Pre-tax income | $2.33B | $1.89B | $2.03B | $2.65B | $2.98B | $1.30B | $2.25B | $2.18B | $1.91B | $1.53B |
| Income tax | $497.0M | $379.0M | $422.0M | $582.0M | $658.0M | $241.0M | $460.0M | $462.0M | $260.0M | $489.0M |
| Net income | $1.83B | $1.51B | $1.61B | $2.07B | $2.32B | $1.06B | $1.79B | $1.72B | $1.65B | $1.04B |
| EPS, basic | 3.90 | 3.05 | 3.14 | 4.12 | 5.18 | 2.22 | 3.82 | 3.54 | 3.26 | 1.97 |
| EPS, diluted | 3.86 | 3.03 | 3.13 | 4.10 | 5.16 | 2.22 | 3.81 | 3.52 | 3.25 | 1.97 |
| Shares, diluted (wtd. avg.) | $436.9M | $453.5M | $476.7M | $477.8M | $427.4M | $428.2M | $451.2M | $480.4M | $503.7M | $523.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $12.73B | $10.60B | $11.63B | $10.55B | $9.16B | $12.73B | $3.39B | $4.07B | $3.03B | $3.70B |
| Property, plant and equipment | $915.0M | $875.0M | $895.0M | $844.0M | $768.0M | $759.0M | $761.0M | $791.0M | $685.0M | $601.0M |
| Goodwill | $8.19B | $8.19B | $8.19B | $8.17B | $7.12B | $7.05B | $7.04B | $6.92B | $6.89B | $6.88B |
| Other intangibles | $115.0M | $146.0M | $157.0M | $197.0M | $64.0M | $58.0M | $68.0M | $31.0M | $2.0M | — |
| Total assets | $226.35B | $217.52B | $221.96B | $226.73B | $188.41B | $183.35B | $165.73B | $160.52B | $152.34B | $149.52B |
| Short-term debt | $58.0M | $0 | $505.0M | $3.0M | $74.0M | $243.0M | $274.0M | $1.32B | $2.67B | $4.36B |
| Long-term debt | $11.22B | $12.40B | $13.47B | $15.89B | $6.93B | $8.35B | $14.05B | $15.93B | $11.77B | $12.79B |
| Total liabilities | $200.03B | $193.27B | $197.62B | $203.04B | $164.99B | $160.68B | $143.53B | $139.70B | $132.07B | $129.77B |
| Retained earnings | $11.35B | $10.41B | $9.82B | $9.16B | $7.98B | $6.45B | $6.50B | $5.38B | $4.16B | $2.70B |
| Total equity | $26.32B | $24.25B | $24.34B | $23.69B | $23.42B | $22.67B | $22.20B | $20.82B | $20.27B | $19.75B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.21B | $2.00B | $2.96B | $4.12B | $2.27B | $111.0M | $1.70B | $1.77B | $1.88B | $1.49B |
| Depreciation and amortisation | $478.0M | $498.0M | $478.0M | $565.0M | $625.0M | $578.0M | $633.0M | $486.0M | $487.0M | $515.0M |
| Capital expenditure | — | — | — | — | — | — | $126.0M | $232.0M | $253.0M | $138.0M |
| Investing cash flow | -$5.97B | $2.99B | $5.25B | -$12.64B | -$10.49B | -$6.14B | -$3.88B | -$7.08B | -$3.98B | -$11.33B |
| Financing cash flow | $5.88B | -$6.01B | -$7.13B | $9.91B | $4.64B | $15.37B | $1.49B | $6.35B | $1.43B | $10.46B |
| Dividends paid | $755.0M | $769.0M | $808.0M | $779.0M | $670.0M | $672.0M | $617.0M | $471.0M | $322.0M | $241.0M |
| Buybacks | $600.0M | $1.05B | $906.0M | $153.0M | $295.0M | $270.0M | $1.22B | $1.02B | $820.0M | $430.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000759944-26-000028.
Others in SIC 6022
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|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |
| ALLY | Ally Financial Inc. | $13.30B | 18.5x | 3.8% |