Citizens Financial Group (CFG) Financials

$46.79 -0.93 (-1.95%)

Closing price 08/1/2025 03:59 PM Eastern

Extended Trading

$46.88 +0.09 (+0.19%)

As of 08/1/2025 07:48 PM Eastern

Annual Income Statements for Citizens Financial Group

This table shows Citizens Financial Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	840	1,045	1,638	1,692	1,718	1,057	2,319	1,960	1,491	1,372
Consolidated Net Income / (Loss)	840	1,045	1,652	1,721	1,791	1,057	2,319	2,073	1,608	1,509
Net Income / (Loss) Continuing Operations	840	1,045	1,652	1,721	1,791	1,057	2,319	2,073	1,608	1,509
Total Pre-Tax Income	1,263	1,534	1,912	2,183	2,251	1,298	2,977	2,655	2,030	1,888
Total Revenue	4,824	5,255	5,707	6,128	6,491	6,905	6,647	8,021	8,224	7,809
Net Interest Income / (Expense)	3,402	3,758	4,173	4,532	4,614	4,586	4,512	6,012	6,241	5,633
Total Interest Income	3,854	4,266	4,920	5,758	6,189	5,357	4,851	7,060	10,204	10,186
Loans and Leases Interest Income	3,228	3,674	4,277	5,057	5,517	4,827	4,348	6,092	8,591	8,025
Investment Securities Interest Income	621	584	625	672	642	519	487	840	1,162	1,658
Deposits and Money Market Investments Interest Income	5.00	8.00	18	29	30	11	16	128	451	503
Total Interest Expense	452	508	747	1,226	1,575	771	339	1,048	3,963	4,553
Deposits Interest Expense	237	270	441	785	1,155	509	160	651	3,145	3,825
Short-Term Borrowings Interest Expense	67	40	17	15	10	2.00	1.00	23	43	15
Long-Term Debt Interest Expense	132	196	286	426	410	260	178	374	775	713
Total Non-Interest Income	1,422	1,497	1,534	1,596	1,877	2,319	2,135	2,009	1,983	2,176
Other Service Charges	1,243	1,347	1,372	1,409	1,656	2,112	1,886	1,812	1,513	2,012
Net Realized & Unrealized Capital Gains on Investments	22	4.00	11	16	19	4.00	10	9.00	211	18
Other Non-Interest Income	-	-	-7.00	-	-	-	-	188	-	146
Provision for Credit Losses	302	369	321	326	393	1,616	-411	474	687	687
Total Non-Interest Expense	3,259	3,352	3,474	3,619	3,847	3,991	4,081	4,892	5,507	5,234
Salaries and Employee Benefits	1,636	1,714	1,766	1,880	2,026	2,123	2,132	2,549	2,599	2,657
Net Occupancy & Equipment Expense	576	570	762	464	847	896	943	1,058	1,248	1,216
Other Operating Expenses	901	898	946	1,275	974	972	1,006	1,285	1,660	1,361
Income Tax Expense	423	489	260	462	460	241	658	582	422	379
Basic Earnings per Share	$1.55	$1.97	$3.26	$3.54	$3.82	$2.22	$5.18	$4.12	$3.14	$3.05
Weighted Average Basic Shares Outstanding	535.60M	522.09M	502.16M	478.82M	449.73M	427.06M	425.67M	475.96M	475.09M	450.68M
Diluted Earnings per Share	$1.55	$1.97	$3.25	$3.52	$3.81	$2.22	$5.16	$4.10	$3.13	$3.03
Weighted Average Diluted Shares Outstanding	538.22M	523.93M	503.69M	480.43M	451.21M	428.16M	427.44M	477.80M	476.69M	453.51M
Weighted Average Basic & Diluted Shares Outstanding	537.40M	523.40M	502.50M	478M	427.43M	425.11M	422.14M	484.11M	458.76M	437.14M
Cash Dividends to Common per Share	$0.40	$0.46	$0.64	$0.98	$1.36	$1.56	$1.56	$1.62	$1.68	$1.68

This table shows Citizens Financial Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	611	597	488	444	400	159	304	357	344	367	340
Consolidated Net Income / (Loss)	636	653	511	478	430	189	334	392	382	401	373
Net Income / (Loss) Continuing Operations	636	653	511	478	430	189	334	392	382	401	373
Total Pre-Tax Income	813	828	664	612	549	205	430	480	470	508	468
Total Revenue	2,177	2,200	2,128	2,094	2,014	1,988	1,959	1,963	1,901	1,986	1,935
Net Interest Income / (Expense)	1,665	1,695	1,643	1,588	1,522	1,488	1,442	1,410	1,369	1,412	1,391
Total Interest Income	1,969	2,252	2,402	2,531	2,595	2,676	2,610	2,575	2,539	2,462	2,352
Loans and Leases Interest Income	1,690	1,919	2,067	2,164	2,194	2,166	2,071	2,028	1,995	1,931	1,845
Investment Securities Interest Income	243	258	266	267	290	339	399	417	423	419	418
Deposits and Money Market Investments Interest Income	36	75	69	100	111	171	140	130	121	112	89
Total Interest Expense	304	557	759	943	1,073	1,188	1,168	1,165	1,170	1,050	961
Deposits Interest Expense	176	396	550	723	898	974	987	965	990	883	795
Short-Term Borrowings Interest Expense	11	2.00	6.00	22	8.00	7.00	7.00	4.00	3.00	1.00	8.00
Long-Term Debt Interest Expense	117	159	203	198	167	207	174	196	177	166	158
Total Non-Interest Income	512	505	485	506	492	500	517	553	532	574	544
Other Service Charges	409	603	369	453	439	252	408	514	487	603	498
Net Realized & Unrealized Capital Gains on Investments	0.00	4.00	5.00	9.00	5.00	192	5.00	0.00	9.00	4.00	7.00
Other Non-Interest Income	42	-	48	44	48	-	36	39	36	35	39
Provision for Credit Losses	123	132	168	176	172	171	171	182	172	162	153
Total Non-Interest Expense	1,241	1,240	1,296	1,306	1,293	1,612	1,358	1,301	1,259	1,316	1,314
Salaries and Employee Benefits	639	633	658	615	659	667	691	645	647	674	696
Net Occupancy & Equipment Expense	265	280	293	317	298	340	306	303	302	305	306
Other Operating Expenses	337	327	345	374	336	605	361	353	310	337	312
Income Tax Expense	177	175	153	134	119	16	96	88	88	107	95
Basic Earnings per Share	$1.23	$1.27	$1.00	$0.93	$0.85	$0.36	$0.66	$0.79	$0.77	$0.83	$0.78
Weighted Average Basic Shares Outstanding	495.65M	475.96M	485.44M	479.47M	469.48M	475.09M	461.36M	454.14M	446.56M	450.68M	438.32M
Diluted Earnings per Share	$1.23	$1.27	$1.00	$0.92	$0.85	$0.36	$0.65	$0.78	$0.77	$0.83	$0.77
Weighted Average Diluted Shares Outstanding	497.48M	477.80M	487.71M	480.98M	471.18M	476.69M	463.80M	456.56M	449.91M	453.51M	442.20M
Weighted Average Basic & Diluted Shares Outstanding	492.49M	484.11M	483.99M	472.29M	466.22M	458.76M	455.02M	448.30M	440.70M	437.14M	433.65M
Cash Dividends to Common per Share	$0.42	-	$0.42	$0.42	$0.42	-	$0.42	$0.42	$0.42	-	$0.42

This table details how cash moves in and out of Citizens Financial Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-191	619	-672	1,042	-688	9,347	-3,575	1,389	1,081	-1,027
Net Cash From Operating Activities	1,229	1,490	1,883	1,767	1,697	111	2,275	4,119	2,961	2,001
Net Cash From Continuing Operating Activities	1,229	1,490	1,883	1,767	1,697	111	2,275	4,119	2,961	2,001
Net Income / (Loss) Continuing Operations	840	1,045	1,652	1,721	1,791	1,057	2,319	2,073	1,608	1,509
Consolidated Net Income / (Loss)	840	1,045	1,652	1,721	1,791	1,057	2,319	2,073	1,608	1,509
Provision For Loan Losses	302	369	321	326	393	1,616	-411	474	687	687
Depreciation Expense	471	515	487	486	633	578	625	565	478	498
Non-Cash Adjustments to Reconcile Net Income	227	-106	44	22	74	-194	-381	132	-183	-98
Changes in Operating Assets and Liabilities, net	-628	-333	-621	-791	-1,194	-2,946	123	875	371	-595
Net Cash From Investing Activities	-5,905	-11,326	-3,984	-7,077	-3,875	-6,136	-10,486	-12,637	5,248	2,987
Net Cash From Continuing Investing Activities	-5,905	-11,326	-3,984	-7,077	-3,875	-6,136	-10,486	-12,637	5,248	2,987
Purchase of Property, Leasehold Improvements and Equipment	-178	-165	-412	-232	-95	-118	-124	-126	-172	-122
Purchase of Investment Securities	-14,126	-17,942	-9,997	-10,715	-14,116	-17,392	-20,586	-20,052	-3,015	-4,590
Sale and/or Maturity of Investments	8,399	6,781	6,425	4,822	10,442	11,439	10,540	8,312	8,496	7,792
Other Investing Activities, net	-	-	-	-419	-106	-65	-316	-771	-61	-93
Net Cash From Financing Activities	4,485	10,455	1,429	6,352	1,490	15,372	4,636	9,907	-7,128	-6,015
Net Cash From Continuing Financing Activities	4,485	10,455	1,429	6,352	1,490	15,372	4,636	9,907	-7,128	-6,015
Net Change in Deposits	6,832	7,265	5,285	4,486	5,738	21,851	7,197	6,146	-3,382	-2,566
Issuance of Debt	6,750	15,144	15,363	22,503	12,850	8,323	0.00	24,617	25,983	13,185
Issuance of Common Equity	247	0.00	0.00	593	730	395	296	0.00	0.00	392
Repayment of Debt	-5,149	-11,615	-17,710	-19,707	-15,905	-14,061	-1,506	-19,786	-27,916	-14,791
Repurchase of Preferred Equity	-	-	-	-	0.00	0.00	-250	0.00	0.00	-300
Repurchase of Common Equity	-500	-430	-820	-1,025	-1,220	-270	-295	-153	-906	-1,050
Payment of Dividends	-221	-255	-336	-485	-682	-770	-783	-892	-928	-903
Other Financing Activities, Net	-3,474	346	-353	-13	-21	-96	-23	-25	21	18
Cash Interest Paid	454	505	716	1,184	1,560	837	347	989	3,640	4,375
Cash Income Taxes Paid	157	94	371	241	326	261	1,247	183	375	208

This table details how cash moves in and out of Citizens Financial Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	1,646	2,387	-2,573	3,593	3,833	-3,772	-29	172	-856	-314	940
Net Cash From Operating Activities	3,000	1,441	1,154	122	1,015	670	554	834	130	483	-213
Net Cash From Continuing Operating Activities	3,000	1,441	1,154	122	1,015	670	554	834	130	483	-213
Net Income / (Loss) Continuing Operations	636	653	511	478	430	189	334	392	382	401	373
Consolidated Net Income / (Loss)	636	653	511	478	430	189	334	392	382	401	373
Provision For Loan Losses	123	132	168	176	172	171	171	182	172	162	153
Depreciation Expense	121	117	118	112	122	126	102	143	129	124	123
Non-Cash Adjustments to Reconcile Net Income	62	-55	-35	36	-8.00	-176	29	-11	-6.00	-110	6.00
Changes in Operating Assets and Liabilities, net	2,058	594	392	-680	299	360	-82	128	-547	-94	-868
Net Cash From Investing Activities	883	-158	1,492	3,149	382	225	1,039	179	161	1,608	-1,108
Net Cash From Continuing Investing Activities	883	-158	1,492	3,149	382	225	1,039	179	161	1,608	-1,108
Purchase of Property, Leasehold Improvements and Equipment	-85	15	-52	-39	-33	-48	-10	-30	-34	-48	-14
Purchase of Investment Securities	-1,277	-2,056	-544	16	-1,279	-1,208	-516	-734	-2,147	-1,193	-2,922
Sale and/or Maturity of Investments	2,250	1,922	2,315	2,950	1,870	1,361	1,542	928	2,409	2,913	1,878
Other Investing Activities, net	-5.00	-39	-227	222	-176	120	23	15	-67	-64	-50
Net Cash From Financing Activities	-2,237	1,104	-5,219	322	2,436	-4,667	-1,622	-841	-1,147	-2,405	2,261
Net Cash From Continuing Financing Activities	-2,237	1,104	-5,219	322	2,436	-4,667	-1,622	-841	-1,147	-2,405	2,261
Net Change in Deposits	-359	2,158	-8,530	5,473	530	-855	-914	-76	-1,164	-412	2,800
Issuance of Debt	6,299	13,101	5,710	6,507	9,016	4,750	5,765	5,088	2,332	-	2,533
Repayment of Debt	-7,934	-13,770	-1,737	-11,171	-6,629	-8,379	-5,933	-5,826	-1,472	-1,560	-2,628
Repurchase of Common Equity	-	-151	-400	-256	-250	-	-300	-200	-325	-225	-200
Payment of Dividends	-243	-233	-238	-229	-231	-230	-228	-224	-225	-226	-220
Other Financing Activities, Net	-	-1.00	-24	-2.00	-	47	-12	6.00	7.00	17	-24

This table presents Citizens Financial Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	138,208	149,520	152,336	160,518	165,733	183,349	188,409	226,733	221,964	217,521
Cash and Due from Banks	3,085	3,704	3,032	4,074	3,386	12,733	9,158	10,547	11,628	10,601
Interest Bearing Deposits at Other Banks	356	439	192	148	297	306	316	303	405	635
Trading Account Securities	23,837	25,295	26,350	25,392	24,622	28,092	29,525	34,683	39,401	41,772
Loans and Leases, Net of Allowance	97,826	106,433	109,381	115,418	-1,252	120,647	126,405	154,679	143,861	137,142
Loans and Leases	99,042	107,669	110,617	116,660	-	123,090	128,163	156,662	145,959	139,203
Allowance for Loan and Lease Losses	1,216	1,236	1,236	1,242	1,252	2,443	1,758	1,983	2,098	2,061
Loans Held for Sale	98,191	107,058	110,099	1,320	3,330	4,003	3,468	982	779	858
Premises and Equipment, Net	595	601	685	791	761	759	768	844	895	875
Goodwill	6,876	6,876	6,887	6,923	7,044	7,050	7,116	8,173	8,188	8,187
Intangible Assets	-	-	-	-	-	-	64	197	157	146
Other Assets	5,268	5,547	5,085	6,452	127,545	9,759	11,589	16,325	16,650	17,305
Total Liabilities & Shareholders' Equity	138,208	149,520	152,336	160,518	165,733	183,349	188,409	226,733	221,964	217,521
Total Liabilities	118,562	129,773	132,066	139,701	143,532	160,676	164,989	203,043	197,622	193,267
Non-Interest Bearing Deposits	27,649	28,472	29,279	29,458	29,233	43,831	49,443	49,283	37,107	36,920
Interest Bearing Deposits	74,890	81,332	85,810	90,117	96,080	103,333	104,918	131,441	140,235	137,856
Short-Term Debt	2,630	3,211	1,856	453	274	371	74	3.00	505	0.00
Long-Term Debt	9,886	12,790	11,765	15,925	14,047	8,346	6,932	15,887	13,467	12,401
Other Long-Term Liabilities	2,705	2,820	2,541	2,592	3,898	4,795	3,622	6,429	6,308	6,090
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	19,646	19,747	20,270	20,817	22,201	22,673	23,420	23,690	24,342	24,254
Total Preferred & Common Equity	19,646	19,747	20,270	20,817	22,201	22,673	23,420	23,690	24,342	24,254
Preferred Stock	247	247	247	840	-	1,965	2,014	2,014	2,014	2,113
Total Common Equity	19,399	19,500	20,023	19,977	22,201	20,708	21,406	21,676	22,328	22,141
Common Stock	18,731	18,728	18,787	18,821	18,897	18,946	19,011	22,148	22,256	22,371
Retained Earnings	1,913	2,703	4,164	5,385	6,498	6,445	7,978	9,159	9,816	10,412
Treasury Stock	-858	-1,263	-2,108	-3,133	-4,353	-4,623	-4,918	-5,071	-5,986	-7,047
Accumulated Other Comprehensive Income / (Loss)	-387	-668	-820	-1,096	-411	-60	-665	-4,560	-3,758	-3,595

This table presents Citizens Financial Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	224,684	226,733	222,256	223,066	225,270	221,964	220,448	219,938	219,706	217,521	220,148
Cash and Due from Banks	8,160	10,547	7,974	11,567	15,400	11,628	11,599	11,771	10,915	10,601	11,541
Interest Bearing Deposits at Other Banks	261	303	320	284	324	405	392	559	648	635	685
Trading Account Securities	34,901	34,683	34,091	34,994	34,911	39,401	40,710	41,200	42,159	41,772	43,437
Loans and Leases, Net of Allowance	154,160	154,679	152,671	149,276	147,666	143,861	141,102	139,717	139,553	137,142	135,621
Loans and Leases	156,140	156,662	154,688	151,320	149,746	145,959	143,188	141,842	141,632	139,203	137,635
Allowance for Loan and Lease Losses	1,980	1,983	2,017	2,044	2,080	2,098	2,086	2,125	2,079	2,061	2,014
Loans Held for Sale	1,962	982	1,855	1,421	848	779	555	683	663	858	2,820
Premises and Equipment, Net	827	844	866	876	878	895	872	863	862	875	855
Goodwill	8,160	8,173	8,177	8,188	8,188	8,188	8,188	8,187	8,187	8,187	8,187
Intangible Assets	-	197	185	175	167	157	148	139	137	146	137
Other Assets	16,253	16,325	16,117	16,285	16,888	16,650	16,882	16,819	16,582	17,305	16,865
Total Liabilities & Shareholders' Equity	224,684	226,733	222,256	223,066	225,270	221,964	220,448	219,938	219,706	217,521	220,148
Total Liabilities	201,538	203,043	198,055	199,481	202,392	197,622	196,687	196,069	194,774	193,267	195,282
Non-Interest Bearing Deposits	51,888	49,283	44,326	40,286	38,561	37,107	36,593	36,927	35,978	36,920	37,556
Interest Bearing Deposits	126,678	131,441	127,868	137,381	139,636	140,235	139,835	139,425	139,210	137,856	140,020
Short-Term Debt	2,490	3.00	1,018	1,099	232	505	9.00	2.00	15	0.00	47
Long-Term Debt	16,286	15,887	18,855	14,100	17,354	13,467	13,804	13,082	13,944	12,401	12,267
Other Long-Term Liabilities	4,196	6,429	5,988	6,615	6,609	6,308	6,446	6,633	5,627	6,090	5,392
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	23,146	23,690	24,201	23,585	22,878	24,342	23,761	23,869	24,932	24,254	24,866
Total Preferred & Common Equity	23,146	23,690	24,201	23,585	22,878	24,342	23,761	23,869	24,932	24,254	24,866
Preferred Stock	2,014	2,014	2,014	2,014	2,014	2,014	2,014	2,112	2,112	2,113	2,113
Total Common Equity	21,132	21,676	22,187	21,571	20,864	22,328	21,747	21,757	22,820	22,141	22,753
Common Stock	22,127	22,148	22,189	22,213	22,237	22,256	22,278	22,305	22,333	22,371	22,377
Retained Earnings	8,748	9,159	9,416	9,655	9,856	9,816	9,923	10,079	10,233	10,412	10,566
Treasury Stock	-4,920	-5,071	-5,475	-5,734	-5,986	-5,986	-6,290	-6,492	-6,820	-7,047	-7,249
Accumulated Other Comprehensive Income / (Loss)	-4,823	-4,560	-3,943	-4,563	-5,243	-3,758	-4,164	-4,135	-2,926	-3,595	-2,941

This table displays calculated financial ratios and metrics derived from Citizens Financial Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.11%	8.93%	8.60%	7.38%	5.92%	6.38%	-3.74%	20.67%	2.53%	-5.05%
EBITDA Growth	3.00%	17.02%	17.08%	11.38%	7.93%	-34.95%	92.00%	-10.61%	-22.11%	-4.86%
EBIT Growth	-0.39%	21.46%	24.64%	14.17%	3.12%	-42.34%	129.35%	-10.82%	-23.54%	-7.00%
NOPAT Growth	-2.89%	24.40%	58.09%	4.18%	4.07%	-40.98%	119.39%	-10.61%	-22.43%	-6.16%
Net Income Growth	-2.89%	24.40%	58.09%	4.18%	4.07%	-40.98%	119.39%	-10.61%	-22.43%	-6.16%
EPS Growth	0.00%	27.10%	64.97%	8.31%	8.24%	-41.73%	132.43%	-20.54%	-23.66%	-3.19%
Operating Cash Flow Growth	-11.58%	21.24%	26.38%	-6.16%	-3.96%	-93.46%	1,949.55%	81.05%	-28.11%	-32.42%
Free Cash Flow Firm Growth	82.02%	-119.24%	238.10%	-145.11%	255.65%	151.18%	-46.95%	-315.69%	140.59%	10.23%
Invested Capital Growth	6.63%	11.15%	-5.19%	9.75%	-1.81%	-14.05%	-3.07%	30.09%	-3.20%	-4.33%
Revenue Q/Q Growth	1.79%	1.92%	2.17%	1.81%	0.68%	1.02%	0.20%	6.37%	-2.51%	-0.03%
EBITDA Q/Q Growth	7.49%	2.40%	3.32%	2.69%	1.98%	-0.64%	3.62%	2.84%	-19.67%	14.44%
EBIT Q/Q Growth	6.76%	3.44%	4.88%	2.54%	-0.71%	2.37%	3.95%	5.73%	-23.48%	19.12%
NOPAT Q/Q Growth	2.94%	6.20%	30.28%	-10.46%	-0.83%	0.57%	3.30%	6.31%	-22.39%	16.35%
Net Income Q/Q Growth	2.94%	6.20%	30.28%	-10.46%	-0.83%	0.57%	3.30%	6.31%	-22.39%	16.35%
EPS Q/Q Growth	4.73%	6.49%	32.11%	-9.74%	0.53%	0.45%	3.82%	2.50%	-22.52%	18.36%
Operating Cash Flow Q/Q Growth	21.20%	-6.64%	8.09%	7.74%	10.92%	496.43%	11.74%	8.88%	-20.66%	-8.55%
Free Cash Flow Firm Q/Q Growth	0.00%	36.43%	313.31%	-60.71%	-45.16%	42.11%	-13.54%	26.19%	-18.58%	10.38%
Invested Capital Q/Q Growth	8.60%	3.33%	-3.21%	-1.91%	3.66%	-1.69%	0.16%	-5.59%	-5.31%	-5.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	36.30%	38.99%	42.04%	43.60%	44.43%	27.17%	54.19%	40.14%	30.50%	30.55%
EBIT Margin	26.18%	29.19%	33.50%	35.62%	34.68%	18.80%	44.79%	33.10%	24.68%	24.18%
Profit (Net Income) Margin	17.41%	19.89%	28.95%	28.08%	27.59%	15.31%	34.89%	25.84%	19.55%	19.32%
Tax Burden Percent	66.51%	68.12%	86.40%	78.84%	79.56%	81.43%	77.90%	78.08%	79.21%	79.93%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	33.49%	31.88%	13.60%	21.16%	20.44%	18.57%	22.10%	21.92%	20.79%	20.07%
Return on Invested Capital (ROIC)	2.70%	3.08%	4.74%	4.84%	4.86%	3.11%	7.50%	5.92%	4.13%	4.03%
ROIC Less NNEP Spread (ROIC-NNEP)	2.70%	3.08%	4.74%	4.84%	4.86%	3.11%	7.50%	5.92%	4.13%	4.03%
Return on Net Nonoperating Assets (RNNOA)	1.62%	2.23%	3.51%	3.54%	3.47%	1.60%	2.56%	2.88%	2.57%	2.18%
Return on Equity (ROE)	4.32%	5.31%	8.26%	8.38%	8.33%	4.71%	10.06%	8.80%	6.70%	6.21%
Cash Return on Invested Capital (CROIC)	-3.72%	-7.48%	10.08%	-4.45%	6.69%	18.23%	10.62%	-20.23%	7.38%	8.45%
Operating Return on Assets (OROA)	0.93%	1.07%	1.27%	1.40%	1.38%	0.74%	1.60%	1.28%	0.90%	0.86%
Return on Assets (ROA)	0.62%	0.73%	1.09%	1.10%	1.10%	0.61%	1.25%	1.00%	0.72%	0.69%
Return on Common Equity (ROCE)	4.29%	5.24%	8.15%	8.16%	8.16%	4.50%	9.19%	8.05%	6.13%	5.68%
Return on Equity Simple (ROE_SIMPLE)	4.28%	5.29%	8.15%	8.27%	8.07%	4.66%	9.90%	8.75%	6.61%	6.22%
Net Operating Profit after Tax (NOPAT)	840	1,045	1,652	1,721	1,791	1,057	2,319	2,073	1,608	1,509
NOPAT Margin	17.41%	19.89%	28.95%	28.08%	27.59%	15.31%	34.89%	25.84%	19.55%	19.32%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	45.85%	43.46%	44.30%	38.25%	44.26%	43.72%	46.26%	44.97%	46.78%	49.60%
Operating Expenses to Revenue	67.56%	63.79%	60.87%	59.06%	59.27%	57.80%	61.40%	60.99%	66.96%	67.03%
Earnings before Interest and Taxes (EBIT)	1,263	1,534	1,912	2,183	2,251	1,298	2,977	2,655	2,030	1,888
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,751	2,049	2,399	2,672	2,884	1,876	3,602	3,220	2,508	2,386
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.52	0.69	0.78	0.54	0.64	0.63	0.83	0.80	0.66	0.86
Price to Tangible Book Value (P/TBV)	0.80	1.07	1.18	0.82	0.93	0.95	1.24	1.31	1.05	1.38
Price to Revenue (P/Rev)	2.08	2.57	2.72	1.75	2.18	1.88	2.66	2.17	1.78	2.45
Price to Earnings (P/E)	11.92	12.90	9.49	6.34	8.23	12.25	7.63	8.87	9.83	13.93
Dividend Yield	2.11%	1.75%	2.03%	4.28%	4.18%	5.15%	3.76%	4.59%	5.34%	3.87%
Earnings Yield	8.39%	7.75%	10.54%	15.78%	12.16%	8.16%	13.10%	11.27%	10.17%	7.18%
Enterprise Value to Invested Capital (EV/IC)	0.60	0.72	0.77	0.64	0.68	0.34	0.57	0.62	0.49	0.61
Enterprise Value to Revenue (EV/Rev)	4.01	4.87	4.59	3.87	3.82	1.53	2.60	3.05	2.26	2.87
Enterprise Value to EBITDA (EV/EBITDA)	11.04	12.49	10.91	8.88	8.59	5.65	4.79	7.59	7.42	9.39
Enterprise Value to EBIT (EV/EBIT)	15.31	16.68	13.69	10.87	11.00	8.16	5.79	9.21	9.17	11.86
Enterprise Value to NOPAT (EV/NOPAT)	23.02	24.49	15.85	13.78	13.83	10.02	7.44	11.79	11.57	14.84
Enterprise Value to Operating Cash Flow (EV/OCF)	15.73	17.17	13.90	13.42	14.60	95.41	7.58	5.94	6.28	11.19
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	7.46	0.00	10.05	1.71	5.25	0.00	6.47	7.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.64	0.81	0.67	0.79	0.65	0.38	0.30	0.67	0.57	0.51
Long-Term Debt to Equity	0.50	0.65	0.58	0.77	0.63	0.37	0.30	0.67	0.55	0.51
Financial Leverage	0.60	0.72	0.74	0.73	0.71	0.51	0.34	0.49	0.62	0.54
Leverage Ratio	6.97	7.30	7.54	7.61	7.58	7.78	8.07	8.81	9.34	9.04
Compound Leverage Factor	6.97	7.30	7.54	7.61	7.58	7.78	8.07	8.81	9.34	9.04
Debt to Total Capital	38.92%	44.76%	40.19%	44.03%	39.21%	27.77%	23.03%	40.15%	36.47%	33.83%
Short-Term Debt to Total Capital	8.18%	8.98%	5.48%	1.22%	0.75%	1.18%	0.24%	0.01%	1.32%	0.00%
Long-Term Debt to Total Capital	30.74%	35.78%	34.71%	42.81%	38.46%	26.59%	22.78%	40.14%	35.15%	33.83%
Preferred Equity to Total Capital	0.77%	0.69%	0.73%	2.26%	0.00%	6.26%	6.62%	5.09%	5.26%	5.76%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	60.32%	54.55%	59.08%	53.71%	60.79%	65.97%	70.35%	54.77%	58.28%	60.40%
Debt to EBITDA	7.15	7.81	5.68	6.13	4.97	4.65	1.95	4.93	5.57	5.20
Net Debt to EBITDA	5.18	5.79	4.33	4.55	3.69	-2.30	-0.69	1.57	0.77	0.49
Long-Term Debt to EBITDA	5.65	6.24	4.90	5.96	4.87	4.45	1.92	4.93	5.37	5.20
Debt to NOPAT	14.90	15.31	8.25	9.52	8.00	8.25	3.02	7.67	8.69	8.22
Net Debt to NOPAT	10.80	11.35	6.29	7.06	5.94	-4.09	-1.06	2.43	1.21	0.77
Long-Term Debt to NOPAT	11.77	12.24	7.12	9.25	7.84	7.90	2.99	7.66	8.38	8.22
Noncontrolling Interest Sharing Ratio	0.63%	1.25%	1.23%	2.65%	1.95%	4.38%	8.63%	8.55%	8.39%	8.49%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,159	-2,541	3,509	-1,583	2,464	6,189	3,283	-7,081	2,874	3,168
Operating Cash Flow to CapEx	690.45%	903.03%	457.04%	761.64%	1,786.32%	94.07%	1,834.68%	3,269.05%	1,721.51%	1,640.16%
Free Cash Flow to Firm to Interest Expense	-2.56	-5.00	4.70	-1.29	1.56	8.03	9.68	-6.76	0.73	0.70
Operating Cash Flow to Interest Expense	2.72	2.93	2.52	1.44	1.08	0.14	6.71	3.93	0.75	0.44
Operating Cash Flow Less CapEx to Interest Expense	2.33	2.61	1.97	1.25	1.02	-0.01	6.35	3.81	0.70	0.41
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	8.11	8.79	8.88	8.30	8.36	9.09	8.71	9.95	9.46	8.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	32,162	35,748	33,891	37,195	36,522	31,390	30,426	39,580	38,314	36,655
Invested Capital Turnover	0.15	0.15	0.16	0.17	0.18	0.20	0.22	0.23	0.21	0.21
Increase / (Decrease) in Invested Capital	1,999	3,586	-1,857	3,304	-673	-5,132	-964	9,154	-1,266	-1,659
Enterprise Value (EV)	19,335	25,587	26,183	23,720	24,769	10,591	17,250	24,449	18,608	22,396
Market Capitalization	10,013	13,482	15,539	10,724	14,131	12,948	17,704	17,395	14,655	19,118
Book Value per Share	$36.77	$38.10	$40.70	$42.69	$51.07	$48.49	$50.23	$44.01	$47.89	$50.24
Tangible Book Value per Share	$23.73	$24.66	$26.70	$27.90	$34.87	$31.98	$33.38	$27.02	$29.99	$31.33
Total Capital	32,162	35,748	33,891	37,195	36,522	31,390	30,426	39,580	38,314	36,655
Total Debt	12,516	16,001	13,621	16,378	14,321	8,717	7,006	15,890	13,972	12,401
Total Long-Term Debt	9,886	12,790	11,765	15,925	14,047	8,346	6,932	15,887	13,467	12,401
Net Debt	9,075	11,858	10,397	12,156	10,638	-4,322	-2,468	5,040	1,939	1,165
Capital Expenditures (CapEx)	178	165	412	232	95	118	124	126	172	122
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	12,516	16,001	13,621	16,378	14,321	8,717	7,006	15,890	13,972	12,401
Total Depreciation and Amortization (D&A)	488	515	487	489	633	578	625	565	478	498
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.55	$1.97	$3.26	$3.54	$3.82	$2.22	$5.18	$4.12	$3.14	$3.05
Adjusted Weighted Average Basic Shares Outstanding	535.60M	522.09M	502.16M	478.82M	449.73M	427.06M	425.67M	475.96M	475.09M	450.68M
Adjusted Diluted Earnings per Share	$1.55	$1.97	$3.25	$3.52	$3.81	$2.22	$5.16	$4.10	$3.13	$3.03
Adjusted Weighted Average Diluted Shares Outstanding	538.22M	523.93M	503.69M	480.43M	451.21M	428.16M	427.44M	477.80M	476.69M	453.51M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.82	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	527.81M	509.11M	487.33M	460.39M	427.43M	425.11M	422.14M	484.11M	458.76M	437.14M
Normalized Net Operating Profit after Tax (NOPAT)	840	1,045	1,652	1,721	1,791	1,057	2,319	2,073	1,608	1,509
Normalized NOPAT Margin	17.41%	19.89%	28.95%	28.08%	27.59%	15.31%	34.89%	25.84%	19.55%	19.32%
Pre Tax Income Margin	26.18%	29.19%	33.50%	35.62%	34.68%	18.80%	44.79%	33.10%	24.68%	24.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.79	3.02	2.56	1.78	1.43	1.68	8.78	2.53	0.51	0.41
NOPAT to Interest Expense	1.86	2.06	2.21	1.40	1.14	1.37	6.84	1.98	0.41	0.33
EBIT Less CapEx to Interest Expense	2.40	2.69	2.01	1.59	1.37	1.53	8.42	2.41	0.47	0.39
NOPAT Less CapEx to Interest Expense	1.46	1.73	1.66	1.21	1.08	1.22	6.47	1.86	0.36	0.30
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	26.31%	24.40%	20.34%	28.18%	38.08%	72.85%	33.76%	43.03%	57.71%	59.84%
Augmented Payout Ratio	85.83%	65.55%	69.98%	87.74%	106.20%	98.39%	46.49%	50.41%	114.05%	129.42%

This table displays calculated financial ratios and metrics derived from Citizens Financial Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	31.22%	27.91%	29.36%	4.75%	-7.49%	-9.64%	-7.94%	-6.26%	-5.61%	-0.10%	-1.23%
EBITDA Growth	14.32%	10.40%	29.68%	-1.90%	-28.16%	-64.97%	-31.97%	-13.95%	-10.73%	90.94%	11.09%
EBIT Growth	19.38%	21.05%	23.88%	28.03%	-32.47%	-75.24%	-35.24%	-21.57%	-14.39%	147.80%	8.84%
NOPAT Growth	20.00%	23.21%	21.67%	31.32%	-32.39%	-71.06%	-34.64%	-17.99%	-11.16%	112.17%	11.68%
Net Income Growth	20.00%	23.21%	21.67%	31.32%	-32.39%	-71.06%	-34.64%	-17.99%	-11.16%	112.17%	11.68%
EPS Growth	4.24%	8.55%	7.53%	37.31%	-30.89%	-71.65%	-35.00%	-15.22%	-9.41%	130.56%	18.46%
Operating Cash Flow Growth	134.38%	30.41%	-25.74%	106.50%	-66.17%	-53.50%	-51.99%	583.61%	-87.19%	-27.91%	-138.45%
Free Cash Flow Firm Growth	-623.92%	-669.01%	-627.55%	140.37%	117.31%	117.12%	145.76%	-57.49%	3.55%	41.58%	-88.78%
Invested Capital Growth	38.00%	30.09%	53.95%	-10.91%	-3.48%	-3.20%	-14.75%	-4.72%	-3.89%	-4.33%	-1.05%
Revenue Q/Q Growth	8.90%	1.06%	-3.27%	-1.60%	-3.82%	-1.29%	-1.46%	0.20%	-3.16%	4.47%	-2.57%
EBITDA Q/Q Growth	26.56%	1.18%	-17.25%	-7.42%	-7.32%	-50.67%	60.73%	17.11%	-3.85%	5.51%	-6.49%
EBIT Q/Q Growth	70.08%	1.85%	-19.81%	-7.83%	-10.29%	-62.66%	109.76%	11.63%	-2.08%	8.09%	-7.87%
NOPAT Q/Q Growth	74.73%	2.67%	-21.75%	-6.46%	-10.04%	-56.05%	76.72%	17.37%	-2.55%	4.97%	-6.98%
Net Income Q/Q Growth	74.73%	2.67%	-21.75%	-6.46%	-10.04%	-56.05%	76.72%	17.37%	-2.55%	4.97%	-6.98%
EPS Q/Q Growth	83.58%	3.25%	-21.26%	-8.00%	-7.61%	-57.65%	80.56%	20.00%	-1.28%	7.79%	-7.23%
Operating Cash Flow Q/Q Growth	259.91%	-51.97%	-19.92%	-89.43%	731.97%	-33.99%	-17.31%	50.54%	-84.41%	271.54%	-144.10%
Free Cash Flow Firm Q/Q Growth	15.79%	22.07%	-75.69%	135.01%	-63.89%	-22.93%	369.69%	-67.47%	-12.06%	5.37%	-62.77%
Invested Capital Q/Q Growth	-3.71%	-5.59%	11.35%	-12.00%	4.33%	-5.31%	-1.93%	-1.65%	5.24%	-5.75%	1.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	42.90%	42.95%	36.75%	34.58%	33.32%	16.65%	27.16%	31.74%	31.51%	31.82%	30.54%
EBIT Margin	37.35%	37.64%	31.20%	29.23%	27.26%	10.31%	21.95%	24.45%	24.72%	25.58%	24.19%
Profit (Net Income) Margin	29.21%	29.68%	24.01%	22.83%	21.35%	9.51%	17.05%	19.97%	20.09%	20.19%	19.28%
Tax Burden Percent	78.23%	78.86%	76.96%	78.10%	78.32%	92.20%	77.67%	81.67%	81.28%	78.94%	79.70%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	21.77%	21.14%	23.04%	21.90%	21.68%	7.80%	22.33%	18.33%	18.72%	21.06%	20.30%
Return on Invested Capital (ROIC)	6.09%	6.80%	5.62%	4.77%	4.37%	2.01%	3.36%	4.18%	3.96%	4.21%	4.02%
ROIC Less NNEP Spread (ROIC-NNEP)	6.09%	6.80%	5.62%	4.77%	4.37%	2.01%	3.36%	4.18%	3.96%	4.21%	4.02%
Return on Net Nonoperating Assets (RNNOA)	3.37%	3.31%	3.21%	3.42%	3.45%	1.25%	2.36%	2.49%	2.61%	2.28%	2.16%
Return on Equity (ROE)	9.46%	10.11%	8.83%	8.19%	7.83%	3.26%	5.73%	6.67%	6.57%	6.49%	6.17%
Cash Return on Invested Capital (CROIC)	-26.54%	-20.23%	-36.54%	17.08%	8.57%	7.38%	19.43%	8.39%	7.23%	8.45%	5.20%
Operating Return on Assets (OROA)	1.37%	1.45%	1.28%	1.12%	1.02%	0.38%	0.80%	0.87%	0.87%	0.91%	0.85%
Return on Assets (ROA)	1.07%	1.15%	0.99%	0.87%	0.80%	0.35%	0.62%	0.71%	0.71%	0.72%	0.68%
Return on Common Equity (ROCE)	8.64%	9.24%	8.06%	7.50%	7.14%	2.98%	5.25%	6.09%	6.00%	5.94%	5.65%
Return on Equity Simple (ROE_SIMPLE)	8.42%	0.00%	8.94%	9.66%	9.06%	0.00%	6.02%	5.63%	5.20%	0.00%	6.23%
Net Operating Profit after Tax (NOPAT)	636	653	511	478	430	189	334	392	382	401	373
NOPAT Margin	29.21%	29.68%	24.01%	22.83%	21.35%	9.51%	17.05%	19.97%	20.09%	20.19%	19.28%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	41.53%	41.50%	44.69%	44.51%	47.52%	50.65%	50.89%	48.29%	49.92%	49.30%	51.78%
Operating Expenses to Revenue	57.01%	56.36%	60.90%	62.37%	64.20%	81.09%	69.32%	66.28%	66.23%	66.26%	67.91%
Earnings before Interest and Taxes (EBIT)	813	828	664	612	549	205	430	480	470	508	468
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	934	945	782	724	671	331	532	623	599	632	591
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.73	0.80	0.61	0.55	0.57	0.66	0.76	0.75	0.80	0.86	0.78
Price to Tangible Book Value (P/TBV)	1.19	1.31	0.98	0.90	0.95	1.05	1.23	1.21	1.26	1.38	1.23
Price to Revenue (P/Rev)	2.04	2.17	1.60	1.38	1.41	1.78	2.06	2.05	2.33	2.45	2.27
Price to Earnings (P/E)	7.81	8.87	6.34	5.25	5.82	9.83	11.62	12.14	14.23	13.93	12.58
Dividend Yield	5.12%	4.59%	5.89%	6.88%	6.67%	5.34%	4.73%	4.71%	4.13%	3.87%	4.15%
Earnings Yield	12.81%	11.27%	15.78%	19.06%	17.17%	10.17%	8.60%	8.24%	7.03%	7.18%	7.95%
Enterprise Value to Invested Capital (EV/IC)	0.66	0.62	0.62	0.44	0.39	0.49	0.54	0.52	0.58	0.61	0.54
Enterprise Value to Revenue (EV/Rev)	3.68	3.05	3.19	2.00	1.87	2.26	2.53	2.41	2.91	2.87	2.56
Enterprise Value to EBITDA (EV/EBITDA)	8.87	7.59	7.99	5.08	5.05	7.42	9.03	8.86	10.90	9.39	8.14
Enterprise Value to EBIT (EV/EBIT)	11.06	9.21	9.76	5.89	5.94	9.17	11.35	11.48	14.34	11.86	10.34
Enterprise Value to NOPAT (EV/NOPAT)	14.24	11.79	12.55	7.54	7.61	11.57	14.25	14.20	17.53	14.84	12.86
Enterprise Value to Operating Cash Flow (EV/OCF)	7.34	5.94	7.30	3.01	4.23	6.28	8.64	6.22	10.39	11.19	16.13
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	2.44	4.47	6.47	2.57	6.01	7.92	7.07	10.25
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.81	0.67	0.82	0.64	0.77	0.57	0.58	0.55	0.56	0.51	0.50
Long-Term Debt to Equity	0.70	0.67	0.78	0.60	0.76	0.55	0.58	0.55	0.56	0.51	0.49
Financial Leverage	0.55	0.49	0.57	0.72	0.79	0.62	0.70	0.60	0.66	0.54	0.54
Leverage Ratio	8.84	8.81	8.95	9.39	9.78	9.34	9.23	9.34	9.31	9.04	9.06
Compound Leverage Factor	8.84	8.81	8.95	9.39	9.78	9.34	9.23	9.34	9.31	9.04	9.06
Debt to Total Capital	44.79%	40.15%	45.09%	39.19%	43.46%	36.47%	36.76%	35.41%	35.89%	33.83%	33.12%
Short-Term Debt to Total Capital	5.94%	0.01%	2.31%	2.83%	0.57%	1.32%	0.02%	0.01%	0.04%	0.00%	0.13%
Long-Term Debt to Total Capital	38.85%	40.14%	42.78%	36.36%	42.89%	35.15%	36.74%	35.40%	35.85%	33.83%	32.99%
Preferred Equity to Total Capital	4.80%	5.09%	4.57%	5.19%	4.98%	5.26%	5.36%	5.72%	5.43%	5.76%	5.68%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.41%	54.77%	50.34%	55.62%	51.56%	58.28%	57.88%	58.88%	58.68%	60.40%	61.20%
Debt to EBITDA	6.00	4.93	5.85	4.49	5.63	5.57	6.12	6.07	6.70	5.20	5.04
Net Debt to EBITDA	3.31	1.57	3.41	0.99	0.60	0.77	0.81	0.35	1.15	0.49	0.04
Long-Term Debt to EBITDA	5.20	4.93	5.55	4.17	5.56	5.37	6.11	6.06	6.69	5.20	5.02
Debt to NOPAT	9.63	7.67	9.18	6.67	8.49	8.69	9.65	9.73	10.76	8.22	7.95
Net Debt to NOPAT	5.31	2.43	5.35	1.47	0.90	1.21	1.27	0.56	1.85	0.77	0.06
Long-Term Debt to NOPAT	8.35	7.66	8.71	6.19	8.38	8.38	9.65	9.73	10.75	8.22	7.92
Noncontrolling Interest Sharing Ratio	8.65%	8.55%	8.70%	8.41%	8.75%	8.39%	8.40%	8.69%	8.63%	8.49%	8.49%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-10,908	-8,501	-14,935	5,229	1,888	1,455	6,834	2,223	1,955	2,060	767
Operating Cash Flow to CapEx	3,529.41%	0.00%	2,219.23%	312.82%	3,075.76%	1,395.83%	5,540.00%	2,780.00%	382.35%	1,006.25%	-1,521.43%
Free Cash Flow to Firm to Interest Expense	-35.88	-15.26	-19.68	5.55	1.76	1.22	5.85	1.91	1.67	1.96	0.80
Operating Cash Flow to Interest Expense	9.87	2.59	1.52	0.13	0.95	0.56	0.47	0.72	0.11	0.46	-0.22
Operating Cash Flow Less CapEx to Interest Expense	9.59	2.61	1.45	0.09	0.92	0.52	0.47	0.69	0.08	0.41	-0.24
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	9.67	9.95	10.25	9.77	9.90	9.46	9.27	9.11	8.98	8.82	9.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	41,922	39,580	44,074	38,784	40,464	38,314	37,574	36,953	38,891	36,655	37,180
Invested Capital Turnover	0.21	0.23	0.23	0.21	0.20	0.21	0.20	0.21	0.20	0.21	0.21
Increase / (Decrease) in Invested Capital	11,544	9,154	15,446	-4,751	-1,458	-1,266	-6,500	-1,831	-1,573	-1,659	-394
Enterprise Value (EV)	27,776	24,449	27,164	17,185	15,769	18,608	20,390	19,101	22,737	22,396	19,910
Market Capitalization	15,407	17,395	13,571	11,823	11,893	14,655	16,554	16,235	18,229	19,118	17,709
Book Value per Share	$42.64	$44.01	$45.83	$44.57	$44.18	$47.89	$47.14	$47.82	$50.90	$50.24	$52.05
Tangible Book Value per Share	$26.17	$27.02	$28.56	$27.29	$26.49	$29.99	$29.07	$29.52	$32.34	$31.33	$33.01
Total Capital	41,922	39,580	44,074	38,784	40,464	38,314	37,574	36,953	38,891	36,655	37,180
Total Debt	18,776	15,890	19,873	15,199	17,586	13,972	13,813	13,084	13,959	12,401	12,314
Total Long-Term Debt	16,286	15,887	18,855	14,100	17,354	13,467	13,804	13,082	13,944	12,401	12,267
Net Debt	10,355	5,040	11,579	3,348	1,862	1,939	1,822	754	2,396	1,165	88
Capital Expenditures (CapEx)	85	-15	52	39	33	48	10	30	34	48	14
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	18,776	15,890	19,873	15,199	17,586	13,972	13,813	13,084	13,959	12,401	12,314
Total Depreciation and Amortization (D&A)	121	117	118	112	122	126	102	143	129	124	123
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.23	$1.27	$1.00	$0.93	$0.85	$0.36	$0.66	$0.79	$0.77	$0.83	$0.78
Adjusted Weighted Average Basic Shares Outstanding	495.65M	475.96M	485.44M	479.47M	469.48M	475.09M	461.36M	454.14M	446.56M	450.68M	438.32M
Adjusted Diluted Earnings per Share	$1.23	$1.27	$1.00	$0.92	$0.85	$0.36	$0.65	$0.78	$0.77	$0.83	$0.77
Adjusted Weighted Average Diluted Shares Outstanding	497.48M	477.80M	487.71M	480.98M	471.18M	476.69M	463.80M	456.56M	449.91M	453.51M	442.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	492.49M	484.11M	483.99M	472.29M	466.22M	458.76M	455.02M	448.30M	440.70M	437.14M	433.65M
Normalized Net Operating Profit after Tax (NOPAT)	636	653	511	478	430	189	334	392	382	401	373
Normalized NOPAT Margin	29.21%	29.68%	24.01%	22.83%	21.35%	9.51%	17.05%	19.97%	20.09%	20.19%	19.28%
Pre Tax Income Margin	37.35%	37.64%	31.20%	29.23%	27.26%	10.31%	21.95%	24.45%	24.72%	25.58%	24.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.67	1.49	0.87	0.65	0.51	0.17	0.37	0.41	0.40	0.48	0.49
NOPAT to Interest Expense	2.09	1.17	0.67	0.51	0.40	0.16	0.29	0.34	0.33	0.38	0.39
EBIT Less CapEx to Interest Expense	2.39	1.51	0.81	0.61	0.48	0.13	0.36	0.39	0.37	0.44	0.47
NOPAT Less CapEx to Interest Expense	1.81	1.20	0.60	0.47	0.37	0.12	0.28	0.31	0.30	0.34	0.37
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	43.69%	43.03%	43.07%	41.40%	44.93%	57.71%	64.15%	67.88%	69.93%	59.84%	57.82%
Augmented Payout Ratio	54.05%	50.41%	68.62%	76.82%	95.95%	114.05%	120.48%	123.64%	133.54%	129.42%	119.19%

Key Financial Trends

Citizens Financial Group (NYSE: CFG) Financial Highlights and Trends (Q1 2022 - Q1 2025)

Analyzing the last four years and recent quarters of Citizens Financial Group, we observe the following key trends across income statements, balance sheets, and cash flow statements:

Net interest income remains strong with Q1 2025 at $1.391 billion, reflecting resilience despite a slight decrease from $1.442 billion in Q1 2024.
Total non-interest income has been steady, with $544 million in Q1 2025, supported by other service charges and capital gains.
Net income attributable to common shareholders was $340 million in Q1 2025, demonstrating consistent profitability compared to previous periods (Q1 2024 at $304 million).
Total assets increased modestly over 2023-2025, with Q1 2025 holding $220.1 billion, reflecting steady growth and asset base stability.
Deposits, both interest-bearing and non-interest-bearing, show a growth trend, reaching $177.6 billion combined at Q1 2025, up from prior year quarters.
Commitment to shareholder returns is evident with stable quarterly dividends at $0.42 per share and significant share repurchases ongoing ($200 million repurchased in Q1 2025).

Provision for credit losses is elevated but relatively stable, at $153 million in Q1 2025 versus $171-$182 million throughout 2024, indicating cautious credit risk management.
Interest expense increased from $557 million in Q4 2022 to $961 million in Q1 2025, primarily due to rising deposit interest expense and long-term debt costs, mirroring market rate changes.
Operating expenses have grown slightly to $1.314 billion in Q1 2025 versus around $1.24 billion in Q4 2022, consistent with business scale and inflationary pressures.
The allowance for loan and lease losses rose from $1.98 billion in Q3 2022 to $2.01 billion in Q1 2025, indicating cautious reserve provisioning relative to loan balances.

Net cash from continuing operating activities turned negative in Q1 2025 (-$213 million), a notable deterioration from positive $483 million in Q4 2024, highlighting potential pressures on operating cash flow.
Significant net cash outflows from continuing investing activities (-$1.108 billion in Q1 2025) reflect substantial investment in securities, exceeding sales by a wide margin.
Short-term debt increased recently to $47 million at Q1 2025 from zero or very low levels before, potentially signaling short-term liquidity demands.
Long-term debt remains elevated at $12.3 billion in Q1 2025, although slightly decreased from previous quarters, sustaining interest expense pressures.
Accumulated other comprehensive losses have widened to about -$2.94 billion in Q1 2025, partly affecting equity and signaling impacts from unrealized losses or other comprehensive items.

Summary: Citizens Financial Group demonstrates solid revenue and profit generation with stable asset growth and deposit base expansion. The bank manages provisions and expenses prudently, maintaining profitability and shareholder returns. However, recent negative operating cash flow and large investing outflows warrant monitoring, as does increased interest expense due to higher funding costs. Overall, CFG shows resilience but faces potential headwinds in cash flow generation and cost pressures.

08/03/25 07:25 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Citizens Financial Group's Financials

When does Citizens Financial Group's financial year end?

According to the most recent income statement we have on file, Citizens Financial Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Citizens Financial Group's net income changed over the last 9 years?

Citizens Financial Group's net income appears to be on an upward trend, with a most recent value of $1.51 billion in 2024, rising from $840 million in 2015. The previous period was $1.61 billion in 2023. Check out Citizens Financial Group's forecast to explore projected trends and price targets.

How has Citizens Financial Group's revenue changed over the last 9 years?

Over the last 9 years, Citizens Financial Group's total revenue changed from $4.82 billion in 2015 to $7.81 billion in 2024, a change of 61.9%.

How much debt does Citizens Financial Group have?

Citizens Financial Group's total liabilities were at $193.27 billion at the end of 2024, a 2.2% decrease from 2023, and a 63.0% increase since 2015.

How much cash does Citizens Financial Group have?

In the past 9 years, Citizens Financial Group's cash and equivalents has ranged from $3.03 billion in 2017 to $12.73 billion in 2020, and is currently $10.60 billion as of their latest financial filing in 2024.

How has Citizens Financial Group's book value per share changed over the last 9 years?

Over the last 9 years, Citizens Financial Group's book value per share changed from 36.77 in 2015 to 50.24 in 2024, a change of 36.7%.

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This page (NYSE:CFG) was last updated on 8/3/2025 by MarketBeat.com Staff

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Citizens Financial Group (CFG) Financials

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Citizens Financial Group (CFG) Financials

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