Citizens Financial Group, Inc.CFG
NYSE•Financial Services•Banks - Regional
Citizens Financial Group, Inc. operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States. The company operates through two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers deposit products, mortgage and home equity lending products, credit cards, business loans, and wealth management services; and 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. The company serves customers and small businesses, high- and ultra-high-net-worth individuals and families, as well as investors, entrepreneurs, and companies and institutions, as well as multifamily, office, industrial, retail, healthcare, and hospitality sectors. 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.
Citizens Financial Group, Inc. (CFG) reported trailing twelve months revenue of $8.48B as of March 2026, a 8.9% increase year-over-year. Quarterly revenue reached $2.17B, reflecting continued top-line momentum.
Citizens Financial Group, Inc. generated $1.98B in TTM net income, with quarterly EBITDA of $650.00M. The operating margin expanded from 24.2% to 30.0%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (30.0%) and net margin (23.8%) indicates moderate non-operating costs. Net margin has improved from 19.3% a year ago, signaling stronger bottom-line efficiency.
CFG trades at a P/E of 12.4x (below the broader market average) and a P/S of 2.9x. The price-to-book ratio of 0.9x suggests the stock trades below its book value.
The company generated $237.00M in free cash flow over the trailing twelve months, a 211.3% increase year-over-year, indicating cash generation ability. The balance sheet shows $227.92B in total assets with $12.26B in long-term debt against $26.17B in stockholders equity for a debt-to-equity ratio of 0.5, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~27.2%, suggesting durable pricing power and cost discipline.
ROE is positive at ~6.3% on average, adequate but below the threshold typically associated with wide moats.
6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~29.6% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.5 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.
Shares decreased 6.3% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation