Citizens Financial Group Inc Stock Research

Market Summary

USD32.59+1.08

Delayed

3.43%

CFG Alerts

1 major insider sales recently.
Big jump in Revenue (Y/Y)

CFG Stock Price

CFG RSI Chart

CFG Valuation

Market Cap

16.0B

Price/Earnings (Trailing)

7.74

Price/Sales (Trailing)

2.27

EV/EBITDA

2.32

Price/Free Cashflow

3.89

CFG Price/Sales (Trailing)

CFG Profitability

EBT Margin

37.61%

Return on Equity

8.75%

Return on Assets

0.91%

Free Cashflow Yield

25.67%

CFG Fundamentals

CFG Revenue

Revenue (TTM)

7.1B

Revenue Y/Y

87.35%

Revenue Q/Q

14.37%

CFG Earnings

Earnings (TTM)

2.1B

Earnings Y/Y

23.21%

Earnings Q/Q

2.67%

Price Action

52 Week Range

29.7249.23

(Low)(High)

Last 7 days

-17.2%

Last 30 days

-27.5%

Last 90 days

-17.8%

Trailing 12 Months

-33.2%

CFG Financial Health

Debt/Equity

0.67

Debt/Cashflow

0.26

CFG Investor Care

Dividend Yield

3.81%

Dividend/Share (TTM)

1.56

Shares Dilution (1Y)

16.62%

Diluted EPS (TTM)

4.1

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
BNS	56.4B	40.0B	-14.70%	-31.35%	5.3	1.79	34.99%	-10.60%
MTB	22.3B	6.2B	-22.59%	-28.16%	16.16	3.57	58.61%	-25.85%
CFG	16.0B	7.1B	-27.51%	-33.22%	7.74	2.27	45.54%	-10.61%
MID-CAP
EWBC	8.2B	2.3B	-27.37%	-24.64%	7.29	3.54	43.40%	29.22%
CBSH	7.2B	999.0M	-11.45%	-17.22%	14.81	7.24	17.76%	-7.98%
SIVB	6.3B	5.7B	-67.21%	-80.32%	3.9	1.11	72.48%	-22.38%
PB	5.9B	1.1B	-15.99%	-8.34%	11.26	5.39	4.58%	1.01%
FFIN	4.6B	432.9M	-14.26%	-28.54%	19.6	10.62	15.00%	3.04%
WAL	4.0B	2.7B	-56.96%	-60.33%	3.75	1.47	62.28%	17.58%
BPOP	3.8B	2.5B	-26.66%	-36.10%	3.43	1.54	16.17%	17.94%
SMALL-CAP
BANR	2.0B	450.9M	-15.05%	-7.40%	10.04	4.35	1.16%	-2.82%
SBCF	1.9B	380.5M	-23.55%	-29.09%	17.63	4.94	51.31%	-14.39%
LKFN	1.8B	239.6M	-3.96%	-15.64%	17.15	7.43	23.99%	8.44%
HTLF	1.7B	674.7M	-20.29%	-19.11%	7.99	2.51	14.59%	-3.52%

Financials for Citizens Financial Group

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	17.5%	7,060	6,010	5,263	4,848	4,851
EBITDA	7.7%	9,232	8,574	7,727	7,814	-
EBITDA Margin	-8.3%	1.31*	1.43*	1.47*	1.61*	-
Earnings Before Taxes	5.7%	2,655	2,511	2,379	2,732	2,977
EBT Margin	-10.0%	0.38*	0.42*	0.41*	0.56*	-
Interest Expenses	10.5%	6,012	5,443	4,923	4,542	4,512
Net Income	6.3%	2,073	1,950	1,844	2,128	2,319
Net Income Margin	-9.5%	0.29*	0.32*	0.35*	0.44*	-
Free Cahsflow	8.9%	4,119	3,783	2,063	4,519	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.9%	226,733	224,684	226,712	192,097	188,409
Cash Equivalents	29.3%	10,547	8,160	6,514	9,936	9,158
Net PPE	2.1%	844	827	885	793	768
Goodwill	0.2%	8,173	8,160	8,081	873	7,116
Liabilities	0.7%	203,043	201,538	202,384	170,023	164,989
. Short Term Borrowings	-98.9%	3.00	263	3,800	25.00	74.00
Long Term Debt	-2.4%	15,887	16,286	14,440	5,894	6,932
Shareholder's Equity	2.4%	23,690	23,146	24,328	22,074	23,420
Retained Earnings	4.7%	9,159	8,748	8,346	8,209	7,978
Additional Paid-In Capital	0.1%	22,142	22,121	22,100	19,021	19,005
Accumulated Depreciation	-	804	-	-	-	-
Shares Outstanding	-0.7%	492	496	496	423	422

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	8.9%	4,119	3,783	2,063	4,519	2,275
Share Based Compensation	5.0%	84.00	80.00	76.00	70.00	59.00
Cashflow From Investing	36.7%	-12,637	-19,978	-22,145	-13,328	-10,486
Cashflow From Financing	-6.9%	9,907	10,639	13,955	4,085	4,636
Dividend Payments	5.7%	779	737	695	668	670
Buy Backs	-24.3%	153	202	202	200	295

Risks for CFG

What is the probability of a big loss on CFG?

67.7%

Probability that Citizens Financial Group stock will be more than 20% underwater in next one year

50.4%

Probability that Citizens Financial Group stock will be more than 30% underwater in next one year.

19.2%

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

Returns for CFG

Cumulative Returns on CFG

9.0%

7-Year Cumulative Returns

-3.2%

5-Year Cumulative Returns

14.6%

3-Year Cumulative Returns

What are the long-term rolling returns for CFG?

FIve years rolling returns for Citizens Financial Group.

Annualized Returns

Which funds bought or sold CFG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	sold off	-100	-212,000	-	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-10.11	1,057,310	36,368,300	0.04%
2023-03-07	Nordwand Advisors, LLC	new	-	1,034,680	1,034,680	0.13%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-7.88	239,000	4,542,000	0.02%
2023-03-03	Crumly & Associates Inc.	unchanged	-	30,362	237,362	0.09%
2023-02-28	Trust Investment Advisors	reduced	-1.2	-272,193	567,807	0.54%
2023-02-28	Voya Investment Management LLC	added	0.03	1,783,330	13,990,300	0.02%
2023-02-27	ST GERMAIN D J CO INC	new	-	24,016	24,016	0.01%
2023-02-24	National Pension Service	reduced	-1.7	4,000,640	31,920,500	0.06%
2023-02-24	NATIXIS	added	12.29	314,800	1,414,800	0.01%

Latest Funds Activity

Are funds buying CFG calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CFG

No. of Funds

Citizens Financial Group News

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

CFG Fair Value

Citizens Financial Group fair value in different scenarios

The table shows the Fair Value estimates for Citizens Financial Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	36.63 12.40%	48.85 49.89%	93.00 185.36%	142.72 337.93%	171.42 425.99%
Current Inflation	33.49 2.76%	44.15 35.47%	81.93 151.40%	124.09 280.76%	148.09 354.40%
Very High Inflation	29.56 -9.30%	38.37 17.74%	68.81 111.14%	102.38 214.15%	121.13 271.68%

Historical Citizens Financial Group Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Citizens Financial Group

View All Filings

Date Filed	Form Type	Document
Mar 10, 2023	DEF 14A	DEF 14A
Mar 10, 2023	DEFA14A	DEFA14A
Mar 10, 2023	ARS	ARS
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4/A	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading

Latest Insider Trading transactions for CFG

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-02	Johnson Elizabeth S.	sold (taxes)	-193,819	41.61	-4,658	chief experience officer
2023-03-02	LaMonica Susan	sold (taxes)	-417,515	41.61	-10,034	chief human resources officer
2023-03-02	VAN SAUN BRUCE	sold (taxes)	-3,077,140	41.61	-73,952	chairman and ceo
2023-03-02	GRIGGS MALCOLM D	sold (taxes)	-379,358	41.61	-9,117	chief risk officer
2023-03-02	Ruttledge Michael	sold (taxes)	-249,202	41.61	-5,989	chief information officer
2023-03-02	Coughlin Brendan	sold (taxes)	-199,354	41.61	-4,791	head of consumer banking
2023-03-02	Read Craig Jack	sold (taxes)	-65,410	41.61	-1,572	controller
2023-03-02	Woods John F	sold (taxes)	-1,024,850	41.61	-24,630	chief financial officer
2023-03-02	MCCREE DONALD H III	sold (taxes)	-1,192,170	41.61	-28,651	vice chair, commercial banking
2023-03-01	Ruttledge Michael	sold (taxes)	-87,904	41.76	-2,105	chief information officer

About Citizens Financial Group

Bruce Winfield van Saun

www.citizensbank.com

17500

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.

CFG Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
INTEREST INCOME:
Interest and fees on loans and leases	$ 5,968	$ 4,253	$ 4,719
Interest and fees on loans held for sale	67	82	75
Interest and fees on other loans held for sale	57	13	33
Investment securities	840	487	519
Interest-bearing deposits in banks	128	16	11
Total interest income	7,060	4,851	5,357
INTEREST EXPENSE:
Deposits	651	160	509
Short-term borrowed funds	23	1	2
Long-term borrowed funds	374	178	260
Total interest expense	1,048	339	771
Net interest income	6,012	4,512	4,586
Provision (benefit) for credit losses	474	(411)	1,616
Net interest income after provision (benefit) for credit losses	5,538	4,923	2,970
NONINTEREST INCOME:
Service charges and fees	420	409	403
Capital markets fees	368	428	250
Card fees	273	250	217
Mortgage banking fees	261	434	915
Trust and investment services fees	249	239	203
Foreign exchange and derivative products	188	120	120
Letter of credit and loan fees	159	156	140
Securities gains, net	9	10	4
Other income	82	89	67
Total noninterest income	2,009	2,135	2,319
NONINTEREST EXPENSE:
Salaries and employee benefits	2,549	2,132	2,123
Outside services	700	595	553
Equipment and software	648	610	565
Occupancy	410	333	331
Other operating expense	585	411	419
Total noninterest expense	4,892	4,081	3,991
Income before income tax expense	2,655	2,977	1,298
Income tax expense	582	658	241
NET INCOME	2,073	2,319	1,057
Net income available to common stockholders	$ 1,960	$ 2,206	$ 950
Weighted-average common shares outstanding:
Basic (in shares)	475,959,815	425,669,451	427,062,537
Diluted (in shares)	477,803,142	427,435,818	428,157,780
Per common share information:
Basic earnings (in dollars per share)	$ 4.12	$ 5.18	$ 2.22
Diluted earnings (in dollars per share)	$ 4.10	$ 5.16	$ 2.22

CFG Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions

Dec. 31, 2022

Dec. 31, 2021

ASSETS:

Cash and due from banks

$ 1,489

$ 1,155

Interest-bearing cash and due from banks

9,058

8,003

Interest-bearing deposits in banks

303

316

Debt securities available for sale, at fair value (including $— and $640 pledged to creditors, respectively)

^[1]

24,007

26,067

Debt securities held to maturity (fair value of $— and $2,289, respectively, and including $— and $77 pledged to creditors, respectively)

^[1]

9,834

2,242

Loans held for sale, at fair value

774

2,733

Other loans held for sale

208

735

Loans and leases

156,662

128,163

Less: Allowance for loan and lease losses

(1,983)

(1,758)

Net loans and leases

154,679

126,405

Derivative assets

842

1,216

Premises and equipment, net

844

768

Bank-owned life insurance

3,236

2,843

Goodwill

8,173

7,116

Other intangible assets

^[2]

197

Other assets

13,089

8,746

TOTAL ASSETS

226,733

188,409

Deposits:

Noninterest-bearing

49,283

49,443

Interest-bearing

131,441

104,918

Total deposits

180,724

154,361

Short-term borrowed funds

Derivative liabilities

1,909

197

Long-term borrowed funds

15,887

6,932

Other liabilities

4,520

3,425

TOTAL LIABILITIES

203,043

164,989

Commitments and Contingencies (refer to Note 19)

Preferred Stock:

$25.00 par value,100,000,000 shares authorized; 2,050,000 shares issued and outstanding at December 31, 2022 and 2021

2,014

Common stock:

$0.01 par value, 1,000,000,000 shares authorized; 645,220,018 shares issued and 492,282,158 shares outstanding at December 31, 2022 and 571,259,135 shares issued and 422,137,197 shares outstanding at December 31, 2021

Additional paid-in capital

22,142

19,005

Retained earnings

9,159

7,978

Treasury stock, at cost, 152,937,860 and 149,121,938 shares at December 31, 2022 and 2021, respectively

(5,071)

(4,918)

Accumulated other comprehensive income (loss)

(4,560)

(665)

TOTAL STOCKHOLDERS’ EQUITY

23,690

23,420

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$ 226,733

$ 188,409

[1]	Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.
[2]	Excludes MSRs, which are reported in Other assets.