At a glance
Citizens Financial Group, Inc. is worth $27.22B, about 17 times its fiscal 2025 earnings. Revenue grew 5.6% to $8.25B in fiscal 2025, with 22.2% kept as profit; over 5 years it has grown 3.6% a year. It pays a 2.93% dividend yield, and returned $6.79B to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +31.3% over the past year with dividends reinvested and +11.1% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 60.5% in the 2020 crash (S&P 500: 33.7%) and 39.8% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 10 months and 34 months after the lows.
The business in plain English
Citizens Financial Group is a regional bank based in Providence, Rhode Island. Through its banking subsidiary, it serves individuals, small businesses, midsize companies, large corporations and institutions. It runs more than 1,000 branches in 14 states and the District of Columbia, mostly in New England, the Mid-Atlantic and the Midwest. Customers can also bank online and by mobile app. As of December 31, 2025, it had $226.4 billion in total assets and $183.3 billion in deposits.
It has two main segments. Consumer Banking offers deposit accounts, mortgages, home equity loans, credit cards, small business loans and wealth management. Nationwide, it also makes education loans and point-of-sale loans, which pay for purchases at checkout. Citizens Private Bank serves wealthy families and entrepreneurs. Commercial Banking serves companies and institutions. It offers loans and leases, help managing payments and cash, and protection against swings in currencies and interest rates. It also gives merger advice and helps clients raise debt and equity. It also lends on apartment, office, industrial and retail properties.
Most revenue comes from net interest income. That is the gap between the interest it earns on loans and securities and the interest it pays on deposits and borrowings. In 2025, net interest income was $5.85 billion of $8.25 billion in total revenue. The other $2.39 billion was noninterest income, which means fees and other income.
Price history
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CFG +31.3% over the year to Nov 2, 2026, total return with dividends reinvested.
Latest results
- In Q3 FY2026 (ended Sep 30, 2026), revenue was $2.32B, up 9.6% from a year earlier, and net income was $636.0M (+28.7%).
- For fiscal 2025, revenue was $8.25B (+5.6% year over year; +3.6% a year from FY2020 to FY2025) with a 22.2% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +3.6% watch |
|---|---|
| Return on equity | 7% weak |
| Net income / revenue | 22.2% watch |
| Deposits | $185.23B |
| Loans | $146.32B |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $6.91B | $1.06B | — |
| FY2021 | $6.65B | $2.32B | — |
| FY2022 | $8.02B | $2.07B | — |
| FY2023 | $8.22B | $1.61B | — |
| FY2024 | $7.81B | $1.51B | — |
| FY2025 | $8.25B | $1.83B | — |
Valuation snapshot
| Market value | $27.22B |
|---|---|
| P/E ratio | 16.8 |
| Dividend yield | 2.93% |
Rank among 1514 US companies
Market value at each year end
Citizens Financial Group’s market value went from $18.24B at the end of 2016 to $27.22B on Nov 2, 2026, up 49%; since the end of 2025 it is up 8%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Nov 2, 2026 | $27.22B | +8.5% |
| 2025 | $25.09B | +30.1% |
| 2024 | $19.29B | +24.8% |
| 2023 | $15.45B | -20.3% |
| 2022 | $19.39B | -3.7% |
| 2021 | $20.14B | +31.9% |
| 2020 | $15.27B | -13.5% |
| 2019 | $17.65B | +26.9% |
| 2018 | $13.91B | -32.6% |
| 2017 | $20.65B | +13.2% |
| 2016 | $18.24B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| CFG price data to Nov 2, 2026 | +14.4% | +31.3% | +42.8% | +11.1% | +13.8% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +14.4% |
| 2025 | +38.6% |
| 2024 | +38.0% |
| 2023 | -10.9% |
| 2022 | -13.4% |
| 2021 | +37.0% |
| 2020 | -6.7% |
| 2019 | +41.8% |
| 2018 | -27.4% |
| 2017 | +19.9% |
| 2016 | +38.8% |
| 2015 | +7.0% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 58.6% over that stretch · deepest drop along the way 60.5%, back to its old high 9.7 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 28.5% over that stretch · deepest drop along the way 39.8%, back to its old high 33.6 months after the low |
Insider activity
Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 2 open-market purchases ($1K) and 1 sales ($9.3M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Jul 24, 2026 | Saun Bruce Van Chairman and CEO, Director | sell | $9.3M |
| Jun 2, 2025 | Christopher Swift Director | buy | $801.00 |
| Feb 6, 2024 | Christopher Swift Director | buy | $315.00 |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 8.9% | Mar 31, 2025 |
| Vanguard Capital Management | 7.34% | Mar 31, 2026 |
| Capital World Investors | 5.6% | Jun 30, 2026 |
| STATE STREET CORPORATION | 5% | Jun 30, 2026 |
ETFs with the most weight in CFG
| FTXO First Trust Nasdaq Bank ETF | 3.8% |
| IAT iShares U.S. Regional Banks ETF | 3.57% |
| KBWB Invesco KBW Bank ETF | 2.97% |
| KRE SPDR S&P Regional Banking ETF | 2.85% |
| LYLD Cambria Large Cap Shareholder Yield ETF | 2.01% |
| BSMC Brandes U.S. Small-Mid Cap Value ETF | 1.93% |
| CGMM Capital Group U.S. Small and Mid Cap ETF | 1.76% |
| RSPF Invesco S&P 500 Equal Weight Financials ETF | 1.28% |
What could go wrong
- Borrowers may fall behind on loans. Losses rise if borrowers cannot repay. Its loans include office, retail and hospitality property loans and loans for debt-heavy deals backed by private equity firms. Inflation or a weaker economy could make repayment harder.
- Interest rate swings hit core earnings. Net interest income made up $5.85 billion of $8.25 billion in 2025 revenue. Rate changes can shrink the gap between loan and deposit rates and cut the value of its securities portfolio.
- Deposits could leave or cost more. Customer deposits are its main low-cost funding. A loss of confidence, a credit rating cut or market stress could drain deposits. Digital-only banks have lower costs and can pay savers higher rates.
- Strategy may fall short of goals. Its plan rests on a transformed Consumer Bank, a stronger Commercial Bank and a premier Private Bank. The company warns that if it fails to carry out the plan, it could miss its financial goals by a wide margin.
- Nonbank lenders and digital rivals compete hard. Funds that lend to companies, financial technology firms and larger national banks compete for its loans and customers. Some face lighter rules and lower costs, so Citizens may lose business or earn thinner margins.
- Regulators can restrict dividends and buybacks. The Federal Reserve oversees Citizens as a bank holding company, and it must meet capital and liquidity rules. Regulators can limit its activities or payouts, and the company warns dividends and buybacks are not guaranteed.
Recent events
- Change of auditor
- Quarterly results released; Investor presentation or announcement
- Bylaws or fiscal year changed
- Change to shareholder rights; Bylaws or fiscal year changed; Other company announcement
- Other company announcement
- Quarterly results released; Investor presentation or announcement
- Shareholder vote results
- Quarterly results released; Investor presentation or announcement
- Other company announcement
- Quarterly results released; Investor presentation or announcement
For income and retirement investors
Citizens pays a dividend, but its raises have been small and irregular. Dividends per share were $1.56 in 2020 and 2021, $1.62 in 2022, $1.68 in 2023 and 2024, and $1.72 in 2025. That is growth of about 2% a year. Dividends paid took about 41% of 2025 net income. The yield was 2.82% as of October 28, 2026. From 2021 to 2025 the company spent $3.0 billion on buybacks. Even so, the share count fell only 0.7% between January 2022 and October 2026.
The shares have dropped sharply in downturns. In the 2020 COVID crash they fell 60.5% from February 20 to March 18, 2020, and got back to that peak about 10 months after the low. In the 2022 bear market they fell 39.8%. Recovery took about 34 months, from the September 27, 2022 low to July 17, 2025. Selling during those periods would have locked in deep losses. Single stocks carry more risk than diversified funds.
Questions investors ask
How does Citizens Financial Group make money?
Mostly by earning more interest on loans and securities than it pays to depositors and lenders. That gap is called net interest income. In 2025 it was $5.85 billion of the company's $8.25 billion in revenue. The other $2.39 billion was noninterest income. That includes fees for services such as wealth management, treasury management (help managing payments and cash) and capital markets advice. Its two main segments are Consumer Banking and Commercial Banking.
Does Citizens Financial raise its dividend every year?
No. Dividends per share stayed at $1.56 in 2020 and 2021 and at $1.68 in 2023 and 2024. They rose to $1.62 in 2022 and $1.72 in 2025. That works out to growth of about 2% a year from 2020 to 2025. The yield was 2.82% as of October 28, 2026. The company's annual report also warns that it may not pay cash dividends or repurchase shares in the future.
Where does Citizens Financial Group operate?
Mainly in New England, the Mid-Atlantic and the Midwest. Its annual report for 2025 lists more than 1,000 branches in 14 states and the District of Columbia, plus 75 non-branch offices and about 3,100 ATMs. The company is based in Providence, Rhode Island. Some businesses reach further. It makes education and point-of-sale loans and offers digital deposit accounts nationwide. Its Private Bank has offices in California, Florida, New York and Massachusetts.
How has Citizens Financial stock performed?
The shares gained 31% in the year to October 28, 2026, based on price. To the same date, the return averaged about 10.7% a year over five years and 13.7% a year over ten years. Results swing widely. The stock lost 13.4% in 2022 and 10.9% in 2023, then gained 38.0% in 2024 and 38.6% in 2025. Its volatility over the year to October 28, 2026 was 25.3%. Volatility measures how widely the price swings.
What is Citizens Financial Group's P/E ratio?
The price-to-earnings ratio was 16.9 as of October 28, 2026, based on 2025 earnings of $3.86 per share. That means investors paid about $16.90 for each $1 of yearly profit per share. The company's market value was about $27.4 billion on that date. Its return on equity was 7% in 2025. Return on equity is profit as a share of the shareholders' money in the business. Its return on assets was 0.8%.