Market Summary
USD26.97-0.55
Market Closed-2.00%
CFG Alerts
CFG Stock Price
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CFG Price/Sales (Trailing)
CFG Profitability
CFG Fundamentals
CFG Revenue
CFG Earnings
Price Action
52 Week Range
23.3744.82
(Low)(High)
Last 7 days
0.3%
Last 30 days
0.3%
Last 90 days
5.6%
Trailing 12 Months
-24.5%
CFG Financial Health
CFG Investor Care
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Net sales
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Latest Insider Trading transactions for CFG
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-16 | ZURAITIS MARITA | acquired | - | - | 414 | - |
2023-08-16 | Alexander Lee | acquired | - | - | 187 | - |
2023-08-16 | Lillis Terrance | acquired | - | - | 366 | - |
2023-08-16 | Cumming Christine M | acquired | - | - | 414 | - |
2023-08-16 | Swift Christopher | acquired | - | - | 187 | - |
2023-08-16 | Watson Wendy A. | acquired | - | - | 414 | - |
2023-08-16 | Subramaniam Shivan S. | acquired | - | - | 414 | - |
2023-08-16 | Leary Robert G | acquired | - | - | 286 | - |
2023-08-16 | KELLY EDWARD J III | acquired | - | - | 366 | - |
2023-08-16 | HANKOWSKY WILLIAM P | acquired | - | - | 414 | - |
Which funds bought or sold CFG recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-18 | WASHINGTON CAPITAL MANAGEMENT, INC | sold off | -100 | -439,606 | - | -% |
2023-09-12 | Farther Finance Advisors, LLC | added | 36.00 | 2,932 | 20,395 | -% |
2023-08-23 | Stonebridge Capital Advisors LLC | new | - | 2,999 | 2,999 | -% |
2023-08-22 | Asset Dedication, LLC | added | 24.85 | 2,000 | 27,000 | -% |
2023-08-22 | COMERICA BANK | new | - | 654,000 | 654,000 | 0.07% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | sold off | -100 | -2,523,750 | - | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -3.21 | -904,546 | 4,583,100 | 0.01% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.63 | -4,112,750 | 20,986,600 | 0.03% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -0.11 | -2,963,000 | 17,882,000 | 0.17% |
2023-08-17 | Coppell Advisory Solutions LLC | new | - | 493 | 493 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
CFG Alerts
Schedule 13G FIlings of Citizens Financial Group
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | capital international investors | 4.7% | 23,354,432 | SC 13G/A | |
| Feb 13, 2023 | blackrock inc. | 11.2% | 55,050,924 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.81% | 58,172,255 | SC 13G/A | |
| Feb 06, 2023 | state street corp | 5.16% | 25,425,186 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 11.2% | 55,050,924 | SC 13G/A | |
| Feb 11, 2022 | capital international investors | 7.2% | 30,845,906 | SC 13G/A | |
| Feb 10, 2022 | state street corp | 5.70% | 24,290,700 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 11.50% | 49,015,558 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 9.5% | 40,372,501 | SC 13G/A | |
| Jan 31, 2022 | invesco ltd. | 4.2% | 18,013,623 | SC 13G/A |
Recent SEC filings of Citizens Financial Group
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 11, 2023 | 8-K | Current Report | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading |
Peers (Alternatives to Citizens Financial Group)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MTB | 20.9B | 8.7B | -1.38% | -32.35% | 8.85 | 2.41 | 100.15% | 54.41% |
CFG | 12.8B | 9.2B | 0.29% | -24.46% | 5.62 | 1.4 | 73.93% | 23.54% |
BNS | - | 52.8B | 4.54% | -8.53% | - | - | 75.37% | -22.59% |
| MID-CAP | ||||||||
EWBC | 7.5B | 3.1B | -2.25% | -26.84% | 5.95 | 2.41 | 76.92% | 34.85% |
SIVB | 6.3B | 5.7B | -67.21% | -80.32% | 3.9 | 1.11 | 72.48% | -22.38% |
CBSH | 5.9B | 1.2B | -3.13% | -31.96% | 12.1 | 5.41 | 37.52% | 6.42% |
PB | 5.1B | 1.3B | -2.53% | -22.31% | 10.54 | 4.01 | 25.01% | -4.12% |
WAL | 5.0B | 3.6B | -3.95% | -35.06% | 5.41 | 1.38 | 80.76% | -6.95% |
BPOP | 4.5B | 2.9B | -4.67% | -20.03% | 4.5 | 1.54 | 33.47% | 12.81% |
FFIN | 3.8B | 484.4M | -11.16% | -40.88% | 16.62 | 8.4 | 23.51% | -4.02% |
| SMALL-CAP | ||||||||
SBCF | 1.8B | 550.8M | -3.82% | -32.67% | 19.11 | 3.34 | 78.17% | -14.54% |
BANR | 1.4B | 520.2M | -3.15% | -31.64% | 7.29 | 2.78 | 22.03% | 3.58% |
LKFN | 1.2B | 301.6M | -16.70% | -42.42% | 12.38 | 3.83 | 51.36% | -4.43% |
HTLF | 1.2B | 833.0M | -4.94% | -34.83% | 5.79 | 1.82 | 41.81% | 9.45% |
Citizens Financial Group News
Returns for CFG
Cumulative Returns on CFG
5.0%
7-Year Cumulative Returns
-4.3%
5-Year Cumulative Returns
3.5%
3-Year Cumulative Returns
Risks for CFG
What is the probability of a big loss on CFG?
77.7%
Probability that Citizens Financial Group stock will be more than 20% underwater in next one year
60.8%
Probability that Citizens Financial Group stock will be more than 30% underwater in next one year.
27.3%
Probability that Citizens Financial Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does CFG drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Citizens Financial Group was unfortunately bought at previous high price.
Drawdowns
Financials for Citizens Financial Group
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 11.0% | 9,154 | 8,249 | 7,060 | 6,010 | 5,263 | 4,848 | 4,851 | 4,898 | 4,956 | 5,095 | 5,357 | 5,609 | 5,867 | 6,097 | 6,189 | 6,230 | 6,169 | 6,000 | 5,758 | 5,507 | 5,294 |
| EBITDA | -100.0% | - | 9,907 | 9,232 | 8,574 | 7,727 | 7,814 | 8,114 | 7,986 | 7,633 | 7,095 | 6,451 | 6,469 | 6,722 | 7,035 | 7,487 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 1.20* | 1.31* | 1.43* | 1.47* | 1.61* | 1.67* | 1.63* | 1.54* | 1.39* | 1.20* | 1.15* | 1.15* | 1.15* | 1.21* | - | - | - | - | - | - |
| Interest Expenses | 1.3% | 6,591 | 6,508 | 6,012 | 5,443 | 4,923 | 4,542 | 4,512 | 4,515 | 4,507 | 4,543 | 4,586 | 4,600 | 4,608 | 4,614 | 4,614 | 4,643 | 4,646 | 4,601 | 4,532 | 4,440 | 4,354 |
| Earnings Before Taxes | 4.8% | 2,917 | 2,783 | 2,655 | 2,511 | 2,379 | 2,732 | 2,977 | 2,864 | 2,558 | 2,034 | 1,298 | 1,268 | 1,457 | 1,730 | 2,251 | 2,267 | 2,279 | 2,248 | 2,183 | 2,129 | 2,066 |
| EBT Margin | -100.0% | - | 0.34* | 0.38* | 0.42* | 0.41* | 0.56* | 0.61* | 0.58* | 0.52* | 0.40* | 0.24* | 0.23* | 0.25* | 0.28* | 0.36* | - | - | - | - | - | - |
| Net Income | 5.3% | 2,278 | 2,164 | 2,073 | 1,950 | 1,844 | 2,128 | 2,319 | 2,245 | 2,029 | 1,634 | 1,057 | 1,051 | 1,186 | 1,386 | 1,791 | 1,806 | 1,800 | 1,772 | 1,721 | 1,922 | 1,827 |
| Net Income Margin | -100.0% | - | 0.26* | 0.29* | 0.32* | 0.35* | 0.44* | 0.48* | 0.46* | 0.41* | 0.32* | 0.20* | 0.19* | 0.20* | 0.23* | 0.29* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 3,723 | 4,119 | 3,783 | 2,063 | 4,519 | 2,275 | 2,036 | 1,414 | 622 | -15.00 | -154 | -419 | -228 | 1,571 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.4% | 223,066 | 222,256 | 226,733 | 224,684 | 226,712 | 192,097 | 188,409 | 187,007 | 185,104 | 187,217 | 183,349 | 179,228 | 179,874 | 176,719 | 165,733 | 164,362 | 162,749 | 161,342 | 160,518 | 158,598 | 155,431 |
| Cash Equivalents | 45.1% | 11,567 | 7,974 | 10,547 | 8,160 | 6,514 | 9,936 | 9,158 | 13,716 | 12,641 | 14,660 | 12,733 | 9,216 | 7,446 | 4,058 | 3,386 | 3,842 | 3,035 | 2,436 | 4,074 | 3,991 | 3,865 |
| Net PPE | 1.2% | 876 | 866 | 844 | 827 | 885 | 793 | 768 | 732 | 735 | 743 | 759 | 747 | 751 | 746 | 761 | 747 | 740 | 746 | 791 | 753 | 720 |
| Goodwill | 0.1% | 8,188 | 8,177 | 8,173 | 8,160 | 8,081 | 873 | 7,116 | 7,065 | 7,050 | 7,050 | 7,050 | 7,050 | 7,050 | 7,050 | 7,044 | 7,044 | 7,040 | 7,040 | 6,923 | 6,946 | 6,887 |
| Liabilities | 0.7% | 199,481 | 198,055 | 203,043 | 201,538 | 202,384 | 170,023 | 164,989 | 163,584 | 161,905 | 164,564 | 160,676 | 156,759 | 157,456 | 154,769 | 143,532 | 142,511 | 140,732 | 139,811 | 139,701 | 138,322 | 134,964 |
| Short Term Borrowings | 9.9% | 1,099 | 1,000 | 3.00 | 263 | 3,800 | 25.00 | 74.00 | 8.00 | 62.00 | 70.00 | 243 | 252 | 255 | 1,059 | 274 | - | - | - | - | - | - |
| Long Term Debt | -25.2% | 14,100 | 18,855 | 15,887 | 16,286 | 14,440 | 5,894 | 6,932 | 6,947 | 6,957 | 8,316 | 8,346 | 9,109 | 9,202 | 16,437 | 14,047 | 12,806 | 11,538 | 11,725 | 15,925 | 15,639 | 13,641 |
| Shareholder's Equity | -2.5% | 23,585 | 24,201 | 23,690 | 23,146 | 24,328 | 22,074 | 23,420 | 23,423 | 23,199 | 22,653 | 22,673 | 22,469 | 22,418 | 21,950 | 22,201 | 21,851 | 22,017 | 21,531 | 20,817 | 20,276 | 20,467 |
| Retained Earnings | 2.5% | 9,655 | 9,416 | 9,159 | 8,748 | 8,346 | 8,209 | 7,978 | 7,648 | 7,314 | 6,866 | 6,445 | 6,189 | 6,068 | 6,011 | 6,498 | 6,229 | 5,959 | 5,672 | 5,385 | 5,062 | 4,755 |
| Additional Paid-In Capital | 0.1% | 22,207 | 22,183 | 22,142 | 22,121 | 22,100 | 19,021 | 19,005 | 18,981 | 18,964 | 18,945 | 18,940 | 18,922 | 18,908 | 18,901 | 18,891 | 18,876 | 18,860 | 18,847 | 18,815 | 18,816 | 18,806 |
| Shares Outstanding | -1.9% | 475 | 484 | 492 | 496 | 491 | 422 | 422 | 426 | 426 | 426 | 427 | 427 | 427 | 428 | 433 | 446 | 458 | 461 | 466 | 476 | 485 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 53.7% | 5,724 | 3,723 | 4,119 | 3,783 | 2,063 | 4,519 | 2,275 | 2,036 | 1,414 | 748 | 111 | -28.00 | -293 | -102 | 1,697 | 1,530 | 929 | 1,535 | 1,767 | 1,640 | 2,761 |
| Share Based Compensation | 3.6% | 87.00 | 84.00 | 84.00 | 80.00 | 76.00 | 70.00 | 59.00 | 61.00 | 60.00 | 49.00 | 48.00 | 31.00 | 32.00 | 42.00 | 41.00 | 45.00 | 45.00 | 43.00 | 41.00 | 53.00 | 49.00 |
| Cashflow From Investing | 174.2% | 5,366 | -7,231 | -12,637 | -19,978 | -22,145 | -13,328 | -10,486 | -3,624 | -240 | 1,560 | -6,136 | -7,588 | -10,186 | -11,172 | -3,875 | -3,800 | -4,992 | -7,430 | -7,077 | -5,123 | -5,472 |
| Cashflow From Financing | -490.5% | -6,037 | 1,546 | 9,907 | 10,639 | 13,955 | 4,085 | 4,636 | 6,088 | 4,021 | 8,294 | 15,372 | 12,990 | 14,890 | 12,896 | 1,490 | 2,121 | 3,233 | 4,472 | 6,352 | 5,354 | 2,409 |
| Dividend Payments | 1.2% | 829 | 819 | 779 | 737 | 695 | 668 | 670 | 670 | 671 | 671 | 672 | 662 | 656 | 636 | 617 | 612 | 594 | 596 | 471 | - | - |
| Buy Backs | 46.1% | 814 | 557 | 153 | 202 | 202 | 200 | 295 | 95.00 | 95.00 | 95.00 | 270 | 670 | 1,170 | 1,290 | 1,220 | 1,120 | 1,020 | 1,050 | 1,025 | 1,060 | 885 |
CFG Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| INTEREST INCOME: | ||||
| Interest and fees on loans and leases | $ 2,132 | $ 1,370 | $ 4,179 | $ 2,418 |
| Interest and fees on loans held for sale | 20 | 17 | 35 | 33 |
| Interest and fees on other loans held for sale | 12 | 25 | 17 | 32 |
| Investment securities | 267 | 201 | 533 | 339 |
| Interest-bearing deposits in banks | 100 | 13 | 169 | 17 |
| Total interest income | 2,531 | 1,626 | 4,933 | 2,839 |
| INTEREST EXPENSE: | ||||
| Deposits | 723 | 54 | 1,273 | 79 |
| Short-term borrowed funds | 22 | 10 | 28 | 10 |
| Long-term borrowed funds | 198 | 57 | 401 | 98 |
| Total interest expense | 943 | 121 | 1,702 | 187 |
| Net interest income | 1,588 | 1,505 | 3,231 | 2,652 |
| Provision (benefit) for credit losses | 176 | 216 | 344 | 219 |
| Net interest income after provision (benefit) for credit losses | 1,412 | 1,289 | 2,887 | 2,433 |
| NONINTEREST INCOME: | ||||
| Service charges and fees | 101 | 108 | 201 | 206 |
| Capital markets fees | 82 | 88 | 165 | 181 |
| Card fees | 80 | 71 | 152 | 131 |
| Mortgage banking fees | 59 | 72 | 116 | 141 |
| Trust and investment services fees | 65 | 66 | 128 | 127 |
| Foreign exchange and derivative products | 44 | 60 | 92 | 111 |
| Letter of credit and loan fees | 43 | 40 | 83 | 78 |
| Securities gains, net | 9 | 1 | 14 | 5 |
| Other income | 23 | (12) | 40 | 12 |
| Total noninterest income | 506 | 494 | 991 | 992 |
| NONINTEREST EXPENSE: | ||||
| Salaries and employee benefits | 615 | 683 | 1,273 | 1,277 |
| Outside services | 177 | 189 | 353 | 358 |
| Equipment and software | 181 | 169 | 350 | 319 |
| Occupancy | 136 | 111 | 260 | 194 |
| Other operating expense | 197 | 153 | 366 | 263 |
| Total noninterest expense | 1,306 | 1,305 | 2,602 | 2,411 |
| Income before income tax expense | 612 | 478 | 1,276 | 1,014 |
| Income tax expense | 134 | 114 | 287 | 230 |
| NET INCOME | 478 | 364 | 989 | 784 |
| Net income available to common stockholders | $ 444 | $ 332 | $ 932 | $ 728 |
| Weighted-average common shares outstanding: | ||||
| Basic (in Shares) | 479,470,543 | 491,497,026 | 482,440,926 | 457,140,258 |
| Diluted (in Shares) | 480,975,281 | 493,296,114 | 484,252,103 | 459,167,747 |
| Per common share information: | ||||
| Basic earnings (in dollars per share) | $ 0.93 | $ 0.68 | $ 1.93 | $ 1.59 |
| Diluted earnings (in dollars per Share) | $ 0.92 | $ 0.67 | $ 1.92 | $ 1.58 |
CFG Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | ||||||
|---|---|---|---|---|---|---|---|---|
| ASSETS: | ||||||||
| Cash and due from banks | [1] | $ 1,689 | $ 1,489 | |||||
| Interest-bearing cash and due from banks | 9,878 | 9,058 | ||||||
| Interest-bearing deposits in banks | 284 | 303 | ||||||
| Debt securities available for sale, at fair value (including $1,393 and $270 pledged to creditors, respectively) | [2] | 24,755 | 24,007 | |||||
| Debt securities held to maturity (fair value of $8,728 and $9,042 respectively, and including $179 and $110 pledged to creditors, respectively) | [2] | 9,520 | 9,834 | |||||
| Loans held for sale, at fair value | 1,225 | 774 | ||||||
| Other loans held for sale | 196 | 208 | ||||||
| Loans and leases | [1] | 151,320 | 156,662 | |||||
| Less: Allowance for loan and lease losses | (2,044) | (1,983) | ||||||
| Net loans and leases | 149,276 | 154,679 | ||||||
| Derivative assets | 719 | 842 | ||||||
| Premises and equipment, net | 876 | 844 | ||||||
| Bank-owned life insurance | 3,263 | 3,236 | ||||||
| Goodwill | 8,188 | 8,173 | ||||||
| Other intangible assets | [3] | 175 | 197 | |||||
| Other assets | [1] | 13,022 | 13,089 | |||||
| TOTAL ASSETS | 223,066 | 226,733 | ||||||
| Deposits: | ||||||||
| Noninterest-bearing | 40,286 | 49,283 | ||||||
| Interest-bearing | 137,381 | 131,441 | ||||||
| Total deposits | 177,667 | 180,724 | ||||||
| Short-term borrowed funds | 1,099 | 3 | ||||||
| Derivative liabilities | 2,270 | 1,909 | ||||||
| Long-term borrowed funds | [1] | 14,100 | 15,887 | |||||
| Other liabilities | [1] | 4,345 | 4,520 | |||||
| TOTAL LIABILITIES | 199,481 | 203,043 | ||||||
| Commitments and Contingencies (refer to Note 11) | ||||||||
| Preferred stock: | ||||||||
| $25.00 par value,100,000,000 shares authorized; 2,050,000 shares issued and outstanding at June 30, 2023 and December 31, 2022 | 2,014 | 2,014 | ||||||
| Common stock: | ||||||||
| $0.01 par value, 1,000,000,000 shares authorized; 647,357,402 shares issued and 474,682,759 shares outstanding at June 30, 2023 and 645,220,018 shares issued and 492,282,158 shares outstanding at December 31, 2022 | 6 | 6 | ||||||
| Additional paid-in capital | 22,207 | 22,142 | ||||||
| Retained earnings | 9,655 | 9,159 | ||||||
| Treasury stock, at cost, 172,674,643 and 152,937,860 shares at June 30, 2023 and December 31, 2022, respectively | (5,734) | (5,071) | ||||||
| Accumulated other comprehensive income (loss) | (4,563) | (4,560) | ||||||
| TOTAL STOCKHOLDERS’ EQUITY | 23,585 | 23,690 | ||||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ 223,066 | $ 226,733 | ||||||
| ||||||||
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, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers deposit products, mortgage and home equity lending products, credit cards, business loans, wealth management, and investment services; and auto, education, and point-of-sale finance loans, as well as digital deposit products. This segment serves its customers through telephone service centers, as well as through its online and mobile platforms. The Commercial Banking segment provides various financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, and interest rate and commodity risk management solutions, as well as syndicated loans, corporate finance, mergers and acquisitions, and debt and equity capital markets services. This segment serves government banking, not-for-profit, healthcare, technology, professionals, oil and gas, asset finance, franchise finance, asset-based lending, commercial real estate, private equity, and sponsor finance industries. It operates approximately 900 branches in 11 states in the New England, as well as Mid-Atlantic and Midwest regions; 114 retail and commercial non-branch offices in national markets; and approximately 3,000 automated teller machines. The company was formerly known as RBS Citizens Financial Group, Inc. and changed its name to Citizens Financial Group, Inc. in April 2014. Citizens Financial Group, Inc. was founded in 1828 and is headquartered in Providence, Rhode Island.