Citizens Financial Group vs M&T Bank
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The short version
- M&T Bank is the larger business, with $9.7B of revenue in fiscal 2025 against $8.2B for Citizens Financial Group.
- Citizens Financial Group grew revenue faster (5.6%, against 4.4%).
- Investors pay more for each dollar of Citizens Financial Groupβs earnings: a P/E of 14.2x against 11.7x for M&T Bank.
| Latest fiscal year | CFG Β· FY25 | MTB Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $28.5B | $35.2B |
| Revenue | $8.2B | $9.7B |
| Free cash flow | β | β |
| Net income | $1.8B | $2.9B |
| Growth | ||
| Revenue growth | 5.6% | 4.4% |
| 5-year growth | 3.6% | 10.2% |
| Share count change | β3.7% | β5.1% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | β |
| Net margin | 22.2% | 29.4% |
| FCF margin | β | β |
| Return on capital | β | β |
| Return on equity | 7.2% | 9.8% |
| Balance sheet | ||
| Net debt | β | β |
| Net debt / EBITDA | β | β |
| Dividends and buybacks | $1.4B | $3.5B |
| Valuation & quality | ||
| P/E | 14.2x | 11.7x |
| Piotroski F-score | β | β |
Revenue
FY16
CFG $5.3B
MTB $5.3B
FY17
CFG $5.7B
MTB $5.6B
FY18
CFG $6.1B
MTB $5.9B
FY19
CFG $6.5B
MTB $6.2B
FY20
CFG $6.9B
MTB $6.0B
FY21
CFG $6.6B
MTB $6.0B
FY22
CFG $8.0B
MTB $8.2B
FY23
CFG $8.2B
MTB $9.6B
FY24
CFG $7.8B
MTB $9.3B
FY25
CFG $8.2B
MTB $9.7B
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.