CFG

MKT CAP:$27B

Citizens Financial Group, Inc.

Market Cap

$27B

Financial Services·Banks - Regional·🇺🇸 United States·NYSE

Financials·Banks - Regional·🇺🇸·NYSE

Stock Price

$63.76+$4.37 (+7.36%)

Apr 24, 2026

Company Details

Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corpora...

CEO

Bruce Winfield Van Saun

IPO Date

Sep 24, 2014

Website

www.citizensbank.com

Key Metrics TTM

Revenue

$11.3B

-6.9% YoY

Net Income

$2.0B

EPS (Diluted)

$4.22

Free Cash Flow

$2.0B

Revenue / Share

$26.23

Gross Margin

71.1%

Operating Margin

22.3%

Net Margin

17.5%

FCF Margin

18.1%

P/S

2.4x

P/E

13.7x

Earnings Reports

Q1 2026

Apr 16, 2026

NEW

$3.0B+4.5%EPS $1.13

FY 2025

Feb 12, 2026

$11.1B-9.7%EPS $3.86

Q4 2025

Feb 12, 2026

$2.2B-28.7%EPS $1.12

Q3 2025

Nov 3, 2025

$3.1B+0.5%EPS $1.05

Q2 2025

Aug 4, 2025

$3.0B-3.7%EPS $0.92

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$2.1B	$1.8B	$478M
Q3 22	$2.5B	$2.1B	$813M
Q4 22	$2.8B	$2.1B	$828M
Q1 23	$2.9B	$2.0B	$664M
Q2 23	$3.0B	$1.9B	$612M
Q3 23	$3.1B	$1.8B	$549M
Q4 23	$3.2B	$1.8B	$205M
Q1 24	$3.1B	$1.8B	$430M
Q2 24	$3.1B	$1.8B	$480M
Q3 24	$3.1B	$1.7B	$470M
Q4 24	$3.0B	$1.8B	$508M
Q1 25	$2.9B	$1.8B	$468M
Q2 25	$3.0B	$1.9B	$554M
Q3 25	$3.1B	$2.0B	$629M
Q4 25	$2.2B	$2.2B	$677M
Q1 26	$3.0B	$2.0B	$650M

Valuation

Quarter	P/S	P/E
Q2 22	2.4x	9.7x
Q3 22	2.1x	8.9x
Q4 22	2.2x	9.6x
Q1 23	1.4x	6.7x
Q2 23	1.1x	5.5x
Q3 23	1.0x	5.8x
Q4 23	1.3x	9.6x
Q1 24	1.3x	11.3x
Q2 24	1.3x	11.9x
Q3 24	1.4x	14.0x
Q4 24	1.6x	12.7x
Q1 25	1.5x	11.5x
Q2 25	1.6x	12.1x
Q3 25	1.9x	13.6x
Q4 25	2.3x	13.9x
Q1 26	2.2x	12.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$1.6B	$1.5B
Q2 22	-$1.9B	-$1.9B
Q3 22	$3.0B	$2.9B
Q4 22	$1.4B	$1.5B
Q1 23	$1.2B	$1.1B
Q2 23	$122M	$83M
Q3 23	$1.0B	$982M
Q4 23	$670M	$622M
Q1 24	$554M	$544M
Q2 24	$834M	$804M
Q3 24	$130M	$96M
Q4 24	$483M	$435M
Q1 25	-$213M	-$227M
Q2 25	$886M	$853M
Q3 25	$1.7B	$1.7B
Q4 25	-$158M	-$250M

Capital Expenditures

Quarter	CapEx
Q1 22	$51M
Q2 22	$5M
Q3 22	$85M
Q4 22	$15M
Q1 23	$52M
Q2 23	$39M
Q3 23	$33M
Q4 23	$48M
Q1 24	$10M
Q2 24	$30M
Q3 24	$34M
Q4 24	$48M
Q1 25	$14M
Q2 25	$33M
Q3 25	$35M
Q4 25	$92M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+23.2%	+86.2%
Q3 22	+42.9%	+58.1%
Q4 22	+55.1%	+76.1%
Q1 23	+68.7%	+89.2%
Q2 23	+45.4%	+50.5%
Q3 23	+24.4%	+52.2%
Q4 23	+13.9%	+51.6%
Q1 24	+8.3%	+21.3%
Q2 24	+2.9%	+9.0%
Q3 24	-0.5%	+2.6%
Q4 24	-4.7%	-15.2%
Q1 25	-7.4%	-10.0%
Q2 25	-3.7%	-7.2%
Q3 25	+0.5%	-5.5%
Q4 25	-28.7%	-41.2%
Q1 26	+4.5%	-2.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$33M	1.9%
Q2 22	$19M	0.9%
Q3 22	$16M	0.6%
Q4 22	$16M	0.6%
Q1 23	$33M	1.1%
Q2 23	$22M	0.7%
Q3 23	$18M	0.6%
Q4 23	$14M	0.4%
Q1 24	$34M	1.1%
Q2 24	$21M	0.7%
Q3 24	$21M	0.7%
Q4 24	$21M	0.7%
Q1 25	$31M	1.1%
Q2 25	$43M	1.4%
Q3 25	$23M	0.7%
Q4 25	$23M	1.1%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$709M	$39M
Q3 22	$667M	$54M
Q4 22	$655M	$47M
Q1 23	$694M	$38M
Q2 23	$658M	$56M
Q3 23	$701M	$48M
Q4 23	$936M	$45M
Q1 24	$767M	$35M
Q2 24	$691M	$49M
Q3 24	$687M	$40M
Q4 24	$674M	$46M
Q1 25	$734M	$40M
Q2 25	$719M	$45M
Q3 25	$737M	$44M
Q4 25	$737M	$40M
Q1 26	$1.1B	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$7.0B	$24.6B	$31.6B
Q3 22	$8.4B	$23.3B	$31.7B
Q4 22	$10.8B	$23.7B	$34.6B
Q1 23	$8.3B	$22.5B	$30.8B
Q2 23	$11.9B	$23.4B	$35.2B
Q3 23	$15.7B	$24.7B	$40.4B
Q4 23	$12.0B	$29.7B	$41.7B
Q1 24	$12.0B	$31.1B	$43.1B
Q2 24	$12.3B	$31.9B	$44.2B
Q3 24	$11.6B	$32.7B	$44.2B
Q4 24	$11.2B	$32.6B	$43.8B
Q1 25	$12.2B	$34.1B	$46.3B
Q2 25	$9.2B	$34.5B	$43.8B
Q3 25	$12.3B	$35.3B	$47.6B
Q4 25	$12.7B	$36.7B	$49.4B
Q1 26	$12.3B	$0	$12.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	493M	+16.2%	+15.4%
Q3 22	497M	+0.8%	+16.3%
Q4 22	495M	-0.4%	+16.1%
Q1 23	488M	-1.6%	+14.8%
Q2 23	481M	-1.4%	-2.5%
Q3 23	471M	-2.0%	-5.3%
Q4 23	468M	-0.6%	-5.5%
Q1 24	464M	-0.9%	-4.9%
Q2 24	457M	-1.6%	-5.1%
Q3 24	450M	-1.5%	-4.5%
Q4 24	445M	-1.1%	-5.0%
Q1 25	442M	-0.6%	-4.7%
Q2 25	437M	-1.3%	-4.4%
Q3 25	435M	-0.2%	-3.2%
Q4 25	435M	0.0%	-2.1%
Q1 26	430M	-1.3%	-2.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$119.6K	17K
Q3 22	$142.1K	17K
Q4 22	$147.6K	19K
Q1 23	$152.8K	19K
Q2 23	$160.8K	19K
Q3 23	$163.4K	19K
Q4 23	$180.8K	18K
Q1 24	$178.0K	18K
Q2 24	$177.8K	18K
Q3 24	$174.9K	18K
Q4 24	$175.0K	17K
Q1 25	$167.5K	17K
Q2 25	$173.9K	17K
Q3 25	$178.6K	17K
Q4 25	$124.0K	17K
Q1 26	$173.9K	17K

Revenue / Employee