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Providence, RI super-regional bank offering consumer, commercial and private banking across the Northeast and Midwest.
Providence, RI super-regional bank offering consumer, commercial and private banking across the Northeast and Midwest.
Earns mainly from the spread between loan and deposit rates, plus fees from cards, wealth management and capital markets. It was owned by Royal Bank of Scotland until a 2014 listing, with RBS selling out by 2015, and widened its footprint in 2022 by buying Investors Bancorp in New Jersey and HSBC's East Coast branches.
Moat: narrow (scale, distribution). Established Northeast branch/digital franchise plus a growing private-bank arm for tech/PE clients.
Headquarters: Providence, Rhode Island, USA · Founded: 1828 · Employees: 17,398
Size Citizens Financial (CFG) is a United States Financials company (Major Banks) with a market value of $26.5B, the 404th largest of 3,117 United States companies the cockpit tracks. Shares closed at $63.24 on 6 Nov 2026.
Performance Over six months the shares fell 0.8%, against +2.6% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 3.8% over the last twelve months (peer median +4.6%); the operating margin is 32.5% (peer median 37.6%).
Valuation It trades at 1.16× book value against a peer median of 1.34× (9th cheapest of 21).
Price implies The share price implies a return on equity of about 11.5%; Citizens Financial delivers 8.9%, so the price asks more than the business earns today.
Credit Citizens Financial has 12 bonds outstanding ($7.47B), rated BBB+ by the agencies and trading like BBB at a weighted spread of 100 bp.
Short interest Short interest is 4.0% of the free float (15 Oct 2026).
Next results Next results expected around 20 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $12.5B | $12.1B | $12.3B | $12.2B | $9.30B |
| Revenue growth | — | -2% | +1% | +31% | — |
| Net income | $2.27B | $1.83B | $1.51B | $1.61B | $2.07B |
| Free cash flow | $1.09B | $2.04B | $1.88B | $2.79B | $3.99B |
| Capital expenditure | $165M | $174M | $122M | $172M | $226M |
| Total debt | $17.8B | $12.3B | $13.4B | $14.9B | $17.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Citizens Financial CFG | $26.5B | -1% | +4% | 9% | 1.16× | 11.5% |
| Huntington Bancshares HBAN | $31.2B | -3% | +24% | 9% | 1.06× | 10.2% |
| Regions Financial RF | $24.1B | +2% | +1% | 12% | 1.46× | 13.2% |
| KeyCorp KEY | $22.0B | -3% | +9% | 11% | 1.39× | 13.1% |
| M&T Bank MTB | $31.4B | +3% | 0% | 11% | 1.24× | 9.3% |
| PNC Financial Services PNC | $89.4B | +4% | +8% | 13% | 1.59× | 13.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CFG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.3% | +0.5% | 8th lowest of 21 |
| 6-month return | -0.8% | +2.6% | 7th lowest of 21 |
| Return on equity | 8.9% | 11.6% | 4th lowest of 21 |
| Price / book | 1.16× | 1.34× | 9th cheapest of 21 |
| Trailing P/E | 12.8× | 11.8× | 8th most expensive of 20 |
| ROE the price implies | 11.5% | 8.3% | 9th most demanding of 21 |
| ROE delivered | 8.9% | 12.2% | 3rd lowest of 18 |
| Bond spread | 100 bp | 81 bp | 4th widest of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Citizens Financial CFG | United States | $26.5B | -1% | +4% | 9% | 1.16× | 11.5% | 8.9% |
| China Everbright Bank 601818.SS | China | $26.6B | +1% | -7% | 7% | 0.36× | 1.8% | n/a |
| Sumitomo Mitsui Trust Gp 8309.T | Japan | $27.4B | +38% | +5% | 11% | 1.18× | 7.5% | 10.9% |
| Banco Bradesco SA Sponsored ADR Pfd BBD | United States | $27.5B | -32% | +29% | 14% | 0.71× | 6.2% | 14.2% |
| Credicorp BAP | United States | $27.6B | +5% | +24% | 21% | 2.47× | 17.9% | 20.6% |
| E Sun Financial 2884.TW | Taiwan | $25.2B | +55% | +36% | 15% | 2.70× | 7.6% | 14.7% |
| Regions Financial RF | United States | $24.1B | +2% | +1% | 12% | 1.46× | 13.2% | 12.4% |
| ShinhanGroup 055550.KS | South Korea | $29.2B | -13% | +32% | 9% | 0.78× | 5.2% | n/a |
| Mega Financial 2886.TW | Taiwan | $24.0B | +37% | +1% | 10% | 1.97× | 5.9% | 10.0% |
| BPER Banca BPE.MI | Italy | $30.4B | +2% | +15% | 15% | 1.49× | 18.6% | 14.9% |
| Bank of Nanjing 601009.SS | China | $22.8B | +5% | +6% | 12% | 0.77× | 2.8% | 11.9% |
| Banco BPM BAMI.MI | Italy | $22.8B | +1% | -4% | 12% | 1.30× | 13.5% | 12.5% |
| Huntington Bancshares HBAN | United States | $31.2B | -3% | +24% | 9% | 1.06× | 10.2% | 9.1% |
| Hanafinancialgr 086790.KS | South Korea | $22.5B | -7% | +39% | 10% | 0.79× | 5.3% | n/a |
| KeyCorp KEY | United States | $22.0B | -3% | +9% | 11% | 1.39× | 13.1% | 11.2% |
| China Minsheng Banking 1988.HK | Hong Kong | $21.9B | -13% | -5% | 4% | 0.20× | 3.8% | 4.2% |
| Svenska Handelsbanken SHB-A.ST | Sweden | $32.6B | +23% | -14% | 12% | 1.68× | 9.0% | 12.2% |
| Ping An Bank 000001.SZ | China | $34.4B | +3% | -9% | 9% | 0.48× | 3.6% | 9.0% |
| Banco de Chile Sponsored ADR BCH | United States | $19.6B | +7% | +4% | 22% | 3.15× | 13.6% | 21.8% |
| PKO Bank Polski PKO.WA | Poland | $36.5B | +18% | -2% | 20% | 2.56× | 31.9% | 20.1% |
| Banco de Sabadell SAB.MC | Spain | $19.2B | +8% | -35% | 5% | 1.40× | 15.5% | 5.1% |
Citizens Financial has 12 bonds outstanding with $7.47B face value. The agencies rate it BBB+; its bonds trade like BBB. Weighted yield 5.60%, a spread of 100 bp over government bonds.