Citizens Financial Group
CFG NYSE Regional Banks Financials FY2016–FY2025
Citizens Financial Group's revenue rose 5.6% to $8.2 billion in fiscal 2025. Net income was $1.8 billion, up 21.3%. Its return on equity was 7.2%, up from 6.2% a year earlier. Its efficiency ratio was 64.4%, down from 67.0% a year earlier. It paid out $1.4 billion in dividends and buybacks. The diluted share count fell 3.7%.
Revenue
Total sales reported in the income statement.
$8.2B
5.6%
vs prior year
Efficiency ratio
Noninterest expense as a share of revenue. Lower is better for banks.
64.4%
2.6 pts
Net income
Profit after all expenses, interest and tax.
$1.8B
21.3%
Return on equity
Net income as a share of average shareholders' equity.
7.2%
1.0 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$28.5B
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
14.2x
On $4.60 EPS (TTM)
What Citizens Financial Group does
No business description yet.
- Legal name
- CITIZENS FINANCIAL GROUP INC/RI
- Fiscal year ends
- December 31, 2025
- Latest annual report
- —
- Accession · CIK
- 0000759944-26-000028
0000759944
Revenue and margins
Citizens Financial Group had $8.2B of revenue in fiscal 2025, up 5.6% on the year before.
FY16
Revenue $5.3B
FY17
Revenue $5.7B
FY18
Revenue $6.1B
FY19
Revenue $6.5B
FY20
Revenue $6.9B
FY21
Revenue $6.6B
FY22
Revenue $8.0B
FY23
Revenue $8.2B
FY24
Revenue $7.8B
FY25
Revenue $8.2B
Q3 '23
Revenue $2.0B
Q4 '23
Revenue $2.0B
Q1 '24
Revenue $2.0B
Q2 '24
Revenue $2.0B
Q3 '24
Revenue $1.9B
Q4 '24
Revenue $2.0B
Q1 '25
Revenue $1.9B
Q2 '25
Revenue $2.0B
Q3 '25
Revenue $2.1B
Q4 '25
Revenue $2.2B
Q1 '26
Revenue $2.2B
Q2 '26
Revenue $2.3B
FY16
Net interest share 71.5%
Efficiency ratio 63.8%
FY17
Net interest share 73.1%
Efficiency ratio 60.9%
FY18
Net interest share 74.0%
Efficiency ratio 59.1%
FY19
Net interest share 71.1%
Efficiency ratio 59.3%
FY20
Net interest share 66.4%
Efficiency ratio 57.8%
FY21
Net interest share 67.9%
Efficiency ratio 61.4%
FY22
Net interest share 75.0%
Efficiency ratio 61.0%
FY23
Net interest share 75.9%
Efficiency ratio 67.0%
FY24
Net interest share 72.1%
Efficiency ratio 67.0%
FY25
Net interest share 71.0%
Efficiency ratio 64.4%
Net interest share
Efficiency ratio
Q3 '23
Net interest share 75.6%
Efficiency ratio 64.2%
Q4 '23
Net interest share 74.9%
Efficiency ratio 81.1%
Q1 '24
Net interest share 73.6%
Efficiency ratio 69.3%
Q2 '24
Net interest share 71.8%
Efficiency ratio 66.3%
Q3 '24
Net interest share 72.0%
Efficiency ratio 66.2%
Q4 '24
Net interest share 71.1%
Efficiency ratio 66.3%
Q1 '25
Net interest share 71.9%
Efficiency ratio 67.9%
Q2 '25
Net interest share 70.5%
Efficiency ratio 64.8%
Q3 '25
Net interest share 70.3%
Efficiency ratio 63.0%
Q4 '25
Net interest share 71.3%
Efficiency ratio 62.3%
Q1 '26
Net interest share 72.1%
Efficiency ratio 63.6%
Q2 '26
Net interest share 71.4%
Efficiency ratio 61.1%
Net interest share
Efficiency ratio
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 7.8% a year. Loss periods are shown in red.
FY16
Net income $1.0B
FY17
Net income $1.7B
FY18
Net income $1.7B
FY19
Net income $1.8B
FY20
Net income $1.1B
FY21
Net income $2.3B
FY22
Net income $2.1B
FY23
Net income $1.6B
FY24
Net income $1.5B
FY25
Net income $1.8B
Q3 '23
Net income $430M
Q4 '23
Net income $189M
Q1 '24
Net income $334M
Q2 '24
Net income $392M
Q3 '24
Net income $382M
Q4 '24
Net income $401M
Q1 '25
Net income $373M
Q2 '25
Net income $436M
Q3 '25
Net income $494M
Q4 '25
Net income $528M
Q1 '26
Net income $517M
Q2 '26
Net income $587M
FY16
Diluted EPS $1.97
FY17
Diluted EPS $3.25
FY18
Diluted EPS $3.52
FY19
Diluted EPS $3.81
FY20
Diluted EPS $2.22
FY21
Diluted EPS $5.16
FY22
Diluted EPS $4.10
FY23
Diluted EPS $3.13
FY24
Diluted EPS $3.03
FY25
Diluted EPS $3.86
Q3 '23
Diluted EPS $0.85
Q4 '23
Diluted EPS $0.35
Q1 '24
Diluted EPS $0.65
Q2 '24
Diluted EPS $0.78
Q3 '24
Diluted EPS $0.77
Q4 '24
Diluted EPS $0.83
Q1 '25
Diluted EPS $0.77
Q2 '25
Diluted EPS $0.92
Q3 '25
Diluted EPS $1.05
Q4 '25
Diluted EPS $1.12
Q1 '26
Diluted EPS $1.13
Q2 '26
Diluted EPS $1.30
Returns and efficiency
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
FY16
ROE 5.3%
ROTE 8.2%
Efficiency ratio 63.8%
FY17
ROE 8.3%
ROTE 12.7%
Efficiency ratio 60.9%
FY18
ROE 8.4%
ROTE 12.9%
Efficiency ratio 59.1%
FY19
ROE 8.3%
ROTE 12.9%
Efficiency ratio 59.3%
FY20
ROE 4.7%
ROTE 7.0%
Efficiency ratio 57.8%
FY21
ROE 10.1%
ROTE 15.8%
Efficiency ratio 61.4%
FY22
ROE 8.8%
ROTE 14.1%
Efficiency ratio 61.0%
FY23
ROE 6.7%
ROTE 10.8%
Efficiency ratio 67.0%
FY24
ROE 6.2%
ROTE 9.8%
Efficiency ratio 67.0%
FY25
ROE 7.2%
ROTE 11.3%
Efficiency ratio 64.4%
ROE
ROTE
Efficiency ratio
Dividends, buybacks and share count
Citizens Financial Group returned $1.4B to shareholders in fiscal 2025. The diluted share count fell 3.7%.
FY16
Dividends $241M
Buybacks $430M
FY17
Dividends $322M
Buybacks $820M
FY18
Dividends $471M
Buybacks $1.0B
FY19
Dividends $617M
Buybacks $1.2B
FY20
Dividends $672M
Buybacks $270M
FY21
Dividends $670M
Buybacks $295M
FY22
Dividends $779M
Buybacks $153M
FY23
Dividends $808M
Buybacks $906M
FY24
Dividends $769M
Buybacks $1.1B
FY25
Dividends $755M
Buybacks $600M
Dividends
Buybacks
Q3 '23
Dividends $199M
Buybacks $250M
Q4 '23
Dividends $199M
Buybacks $0.0M
Q1 '24
Dividends $197M
Buybacks $300M
Q2 '24
Dividends $194M
Buybacks $200M
Q3 '24
Dividends $190M
Buybacks $325M
Q4 '24
Dividends $188M
Buybacks $225M
Q1 '25
Dividends $186M
Buybacks $200M
Q2 '25
Dividends $185M
Buybacks $200M
Q3 '25
Dividends $184M
Buybacks $75.0M
Q4 '25
Dividends $200M
Buybacks $125M
Q1 '26
Dividends $198M
Buybacks $300M
Q2 '26
Dividends $198M
Buybacks $225M
Dividends
Buybacks
FY16
Diluted shares 0.52B
FY17
Diluted shares 0.50B
FY18
Diluted shares 0.48B
FY19
Diluted shares 0.45B
FY20
Diluted shares 0.43B
FY21
Diluted shares 0.43B
FY22
Diluted shares 0.48B
FY23
Diluted shares 0.48B
FY24
Diluted shares 0.45B
FY25
Diluted shares 0.44B
Value Citizens Financial Group yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
Earnings multiple
Value per share
—
Reference multiples: today 14.2x · peers 12.2x · sector 13.7x.
Balance sheet
Loans, deposits and capital at each fiscal year end.
FY16
Loans $106.4B
Deposits $109.8B
FY17
Loans $109.4B
Deposits $115.1B
FY18
Loans $115.4B
Deposits $119.6B
FY19
Loans $117.8B
Deposits $125.3B
FY20
Loans $120.6B
Deposits $147.2B
FY21
Loans $126.4B
Deposits $154.4B
FY22
Loans $154.7B
Deposits $180.7B
FY23
Loans $143.9B
Deposits $177.3B
FY24
Loans $137.1B
Deposits $174.8B
FY25
Loans $140.7B
Deposits $183.3B
Loans
Deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | $126.4B | $154.7B | $143.9B | $137.1B | $140.7B |
| Deposits | $154.4B | $180.7B | $177.3B | $174.8B | $183.3B |
| Loans / deposits | 81.9% | 85.6% | 81.1% | 78.5% | 76.8% |
| Total assets | $188.4B | $226.7B | $222.0B | $217.5B | $226.4B |
| Shareholders' equity | $23.4B | $23.7B | $24.3B | $24.3B | $26.3B |
| Goodwill | $7.1B | $8.2B | $8.2B | $8.2B | $8.2B |
| Intangible assets | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Provision / loans | −0.3% | 0.3% | 0.5% | 0.5% | 0.4% |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$10.5M
3 insiders
Of sales under plans
0%
$0.0M
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Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Citizens Financial Group CFG | $28.5B | 5.6% | — | — | — | 14.2x | — | |
| Huntington Bancshares HBAN | $23.7B | 10.6% | — | — | — | 12.1x | — | Compare → |
| Fifth Third Bancorp FITB | $35.6B | 6.4% | — | — | — | 18.1x | — | Compare → |
| Regions Financial RF | $25.5B | 6.3% | — | — | — | 11.6x | — | Compare → |
| KeyCorp KEY | $23.4B | 62.7% | — | — | — | 12.3x | — | Compare → |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $5.3B | $5.7B | $6.1B | $6.5B | $6.9B | $6.6B | $8.0B | $8.2B | $7.8B | $8.2B |
| Net interest income | $3.8B | $4.2B | $4.5B | $4.6B | $4.6B | $4.5B | $6.0B | $6.2B | $5.6B | $5.9B |
| Noninterest income | $1.5B | $1.5B | $1.6B | $1.9B | $2.3B | $2.1B | $2.0B | $2.0B | $2.2B | $2.4B |
| Noninterest expense | $3.4B | $3.5B | $3.6B | $3.8B | $4.0B | $4.1B | $4.9B | $5.5B | $5.2B | $5.3B |
| Provision for credit losses | $369M | $321M | $326M | $393M | $1.6B | −$411M | $394M | $724M | $709M | $566M |
| Pretax income | $1.5B | $1.9B | $2.2B | $2.3B | $1.3B | $3.0B | $2.7B | $2.0B | $1.9B | $2.3B |
| Income tax | $489M | $260M | $462M | $460M | $241M | $658M | $582M | $422M | $379M | $497M |
| Net income | $1.0B | $1.7B | $1.7B | $1.8B | $1.1B | $2.3B | $2.1B | $1.6B | $1.5B | $1.8B |
| Net income to common | $1.0B | $1.6B | $1.7B | $1.7B | $950M | $2.2B | $2.0B | $1.5B | $1.4B | $1.7B |
| Diluted EPS | $1.97 | $3.25 | $3.52 | $3.81 | $2.22 | $5.16 | $4.10 | $3.13 | $3.03 | $3.86 |
| Diluted shares | 0.52B | 0.50B | 0.48B | 0.45B | 0.43B | 0.43B | 0.48B | 0.48B | 0.45B | 0.44B |
| Cash flow | ||||||||||
| Stock-based compensation | $23.0M | $48.0M | $41.0M | $41.0M | $48.0M | $59.0M | $84.0M | $87.0M | $97.0M | $120M |
| Share buybacks | $430M | $820M | $1.0B | $1.2B | $270M | $295M | $153M | $906M | $1.1B | $600M |
| Dividends paid | $241M | $322M | $471M | $617M | $672M | $670M | $779M | $808M | $769M | $755M |
| Dividends and buybacks | $671M | $1.1B | $1.5B | $1.8B | $942M | $965M | $932M | $1.7B | $1.8B | $1.4B |
| Balance sheet | ||||||||||
| Loans, net | $106.4B | $109.4B | $115.4B | $117.8B | $120.6B | $126.4B | $154.7B | $143.9B | $137.1B | $140.7B |
| Deposits | $109.8B | $115.1B | $119.6B | $125.3B | $147.2B | $154.4B | $180.7B | $177.3B | $174.8B | $183.3B |
| Goodwill | $6.9B | $6.9B | $6.9B | $7.0B | $7.1B | $7.1B | $8.2B | $8.2B | $8.2B | $8.2B |
| Intangible assets | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Total assets | $149.5B | $152.3B | $160.5B | $165.7B | $183.3B | $188.4B | $226.7B | $222.0B | $217.5B | $226.4B |
| Preferred stock | $247M | $247M | $840M | $1.6B | $2.0B | $2.0B | $2.0B | $2.0B | $2.1B | $2.1B |
| Shareholders' equity | $19.7B | $20.3B | $20.8B | $22.2B | $22.7B | $23.4B | $23.7B | $24.3B | $24.3B | $26.3B |
| Margins | ||||||||||
| Net margin | 19.9% | 29.0% | 28.1% | 27.6% | 15.3% | 34.9% | 25.8% | 19.6% | 19.3% | 22.2% |
| Net interest share of revenue | 71.5% | 73.1% | 74.0% | 71.1% | 66.4% | 67.9% | 75.0% | 75.9% | 72.1% | 71.0% |
| Efficiency ratio | 63.8% | 60.9% | 59.1% | 59.3% | 57.8% | 61.4% | 61.0% | 67.0% | 67.0% | 64.4% |
| Returns | ||||||||||
| Return on equity | 5.3% | 8.3% | 8.4% | 8.3% | 4.7% | 10.1% | 8.8% | 6.7% | 6.2% | 7.2% |
| Return on assets | 0.7% | 1.1% | 1.1% | 1.1% | 0.6% | 1.3% | 1.0% | 0.7% | 0.7% | 0.8% |
| Return on tangible equity | 8.2% | 12.7% | 12.9% | 12.9% | 7.0% | 15.8% | 14.1% | 10.8% | 9.8% | 11.3% |
| Growth | ||||||||||
| Revenue growth | 8.9% | 8.6% | 7.4% | 5.9% | 6.4% | −3.7% | 20.7% | 2.5% | −5.1% | 5.6% |
| Net income growth | 24.4% | 58.1% | 4.2% | 4.1% | −41.0% | 119.4% | −10.6% | −22.4% | −6.2% | 21.3% |
| EPS growth | 27.1% | 65.0% | 8.3% | 8.2% | −41.7% | 132.4% | −20.5% | −23.7% | −3.2% | 27.4% |
| Share count change | −2.7% | −3.9% | −4.6% | −6.1% | −5.1% | −0.2% | 11.8% | −0.2% | −4.9% | −3.7% |
| Financial health | ||||||||||
| Loans / deposits | 96.9% | 95.0% | 96.5% | 94.0% | 82.0% | 81.9% | 85.6% | 81.1% | 78.5% | 76.8% |
| Provision / loans | 0.4% | 0.3% | 0.3% | 0.3% | 1.4% | −0.3% | 0.3% | 0.5% | 0.5% | 0.4% |
| Capital allocation | ||||||||||
| Stock comp / revenue | 0.4% | 0.8% | 0.7% | 0.6% | 0.7% | 0.9% | 1.1% | 1.1% | 1.2% | 1.5% |
Source: SEC EDGAR XBRL filings (CIK 0000759944). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.