NYSE · Financial Services

Citizens Financial Group, Inc.

CFG · Banks - Regional

$67.08

▲ 0.3 (0.45%)

Cached · 10 min

Overall Grade

Defensive

Enterprising

Profitability

A⤢

Net Income Margin 23.8%

Fin. Health

F⤢

Years to Pay Off Debt 23.8 yrs

Valuation

F⤢

Margin of Safety 0.0%

Price-to-Book 1.18x

Cash Flow

A⤢

Free Cash Flow $237M

Defensive — Graham's strict criteria (P/B, P/E, dividends, stability) · Enterprising — Profitability & cash flow focused, accepts higher valuations for quality

About Citizens Financial Group, Inc.

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.

Market Data

Market Cap $28.4B

Enterprise Value $29.7B

P/E (TTM) 15.90

Dividend Yield 2.64%

Exchange NYSE

Key Margins

Gross Profit N/A

Operating Margin N/A

Net Margin 23.8%

Company Info

Sector Financial Services

Industry Banks - Regional

Employees 17380

Country United States

Visit website

📖

Full Graham Analysis

Mr. Market is currently offering Citizens Financial Group, Inc. at $67.08.

The business passes only 3 of 6 of Graham's defensive criteria — well below his required standard.

At $67.08, the stock trades at a 76% premium to its Graham Number of $38.03. Graham would consider this price speculative.

There is no margin of safety at the current price. Graham would advise patience and waiting for a better entry point.

Conclusion: By Graham's standards, this stock is speculative at its current price. The intelligent investor would look elsewhere or wait.

Showing Key Metrics

Income Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Gross Profit %	N/A•	N/A•	N/A
Operating Margin %	N/A•	N/A•	N/A
Net Income %	23.8%▼	24.5%•	N/A
Diluted EPS	1.13→	1.13•	N/A

Balance Sheet Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Total Assets	$227.9B	$226.4B	N/A
Total Debt	$12.3B▲	$11.3B•	N/A
Working Capital	N/A•	N/A•	N/A
Years to Pay Debt	23.82	21.37	N/A

Cash Flow Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Free Cash Flow	$237M▲	-$250M•	N/A
Owner Earnings	N/A	$732M	N/A
CapEx % of Net Income	N/A	17.4%	N/A

Income Statement

	2026	2025	2024
Tax Rate For Calcs	0	0
Total Unusual Items			-14,000
Total Unusual Items Excluding Goodwill			-14,000
Net Income From Continuing Operation Net Minority Interest	517,000	528,000
Reconciled Depreciation	113,000	112,000
Net Interest Income	1,562,000	1,537,000
Interest Expense	858,000	909,000
Interest Income	2,420,000	2,446,000
Normalized Income	517,000	528,000
Net Income From Continuing And Discontinued Operation	517,000	528,000
Diluted Average Shares	429,895	434,078
Basic Average Shares	425,344	429,483
Diluted EPS	0	0
Basic EPS	0	0
Diluted NI Availto Com Stockholders	484,000	489,000
Net Income Common Stockholders	484,000	489,000
Otherunder Preferred Stock Dividend		0
Preferred Stock Dividends	33,000	39,000
Net Income	517,000	528,000
Net Income Including Noncontrolling Interests	517,000	528,000
Net Income Continuous Operations	517,000	528,000
Tax Provision	133,000	149,000
Pretax Income	650,000	677,000
Special Income Charges			-14,000
Other Special Charges			-9,000
Restructuring And Mergern Acquisition			23,000
Gain On Sale Of Security	7,000	8,000
Selling General And Administration	829,000	802,000
Selling And Marketing Expense	41,000	41,000
General And Administrative Expense	788,000	761,000
Insurance And Claims	30,000	45,000
Salaries And Wages	758,000	716,000
Total Revenue	2,168,000	2,157,000
Operating Revenue	2,168,000	2,157,000
Occupancy And Equipment	311,000	308,000
Other Non Interest Expense	238,000	259,000

Balance Sheet

	2026	2025	2024
Treasury Shares Number	227,804	222,997
Preferred Shares Number	50,000	50,000
Ordinary Shares Number	426,024	429,242
Share Issued	653,828	652,239
Net Debt			1,165,000
Total Debt	12,314,000	11,282,000
Tangible Book Value	15,728,000	15,904,000
Invested Capital	36,375,000	35,488,000
Net Tangible Assets	17,839,000	18,015,000
Common Stock Equity	24,061,000	24,206,000
Preferred Stock Equity	2,111,000	2,111,000
Total Capitalization	36,442,000	35,551,000
Total Equity Gross Minority Interest	26,172,000	26,317,000
Stockholders Equity	26,172,000	26,317,000
Gains Losses Not Affecting Retained Earnings	-2,088,000	-1,970,000
Other Equity Adjustments	-2,088,000	-1,970,000
Treasury Stock	7,955,000	7,652,000
Retained Earnings	11,631,000	11,345,000
Additional Paid In Capital	22,466,000	22,476,000
Capital Stock	2,118,000	2,118,000
Common Stock	7,000	7,000
Preferred Stock	2,111,000	2,111,000
Total Liabilities Net Minority Interest	201,746,000	200,034,000
Derivative Product Liabilities		779,000	1,220,000
Long Term Debt And Capital Lease Obligation	10,270,000	9,234,000
Long Term Debt	10,270,000	9,234,000
Current Debt And Capital Lease Obligation	2,044,000	2,048,000
Current Debt	2,044,000	2,048,000
Other Current Borrowings	54,000	58,000
Current Notes Payable	1,990,000	1,990,000
Total Assets	227,918,000	226,351,000
Investments And Advances	43,974,000	43,455,000
Held To Maturity Securities	7,732,000	7,866,000
Goodwill And Other Intangible Assets	8,333,000	8,302,000
Other Intangible Assets	112,000	115,000
Goodwill	8,221,000	8,187,000
Net PPE	874,000	915,000
Accumulated Depreciation		-821,000	-810,000
Gross PPE		1,736,000	1,685,000
Construction In Progress		110,000	53,000
Other Properties		1,000
Machinery Furniture Equipment		581,000	601,000
Buildings And Improvements		901,000	887,000
Land And Improvements		143,000	144,000
Receivables		1,080,000	1,027,000
Other Receivables		1,080,000	1,027,000
Other Short Term Investments	36,242,000	35,589,000
Cash And Cash Equivalents	13,160,000	13,688,000
Cash Financial	12,330,000	12,727,000
Cash Cash Equivalents And Federal Funds Sold	13,160,000	13,688,000

Cash Flow

	2026	2025	2024
Free Cash Flow	237,000	-250,000
Repurchase Of Capital Stock	-300,000	-525,000
Repayment Of Debt	-2,618,000	-1,224,000
Issuance Of Debt	3,647,000	2,000,000
Issuance Of Capital Stock		0	1,000
Capital Expenditure		-92,000	-48,000
End Cash Position	12,330,000	12,727,000
Beginning Cash Position	12,727,000	11,650,000
Changes In Cash	-397,000	1,077,000
Financing Cash Flow	1,168,000	3,169,000
Cash Flow From Continuing Financing Activities	1,168,000	3,169,000
Net Other Financing Charges	-43,000	5,000
Cash Dividends Paid	-236,000	-233,000
Preferred Stock Dividend Paid	-38,000	-33,000
Common Stock Dividend Paid	-198,000	-200,000
Net Preferred Stock Issuance		-400,000	1,000
Preferred Stock Payments		-400,000	0
Preferred Stock Issuance		0	1,000
Net Common Stock Issuance	-300,000	-125,000
Common Stock Payments	-300,000	-125,000
Net Issuance Payments Of Debt	1,025,000	620,000
Net Short Term Debt Issuance	-4,000	-156,000
Net Long Term Debt Issuance	1,029,000	776,000
Long Term Debt Payments	-2,618,000	-1,224,000
Long Term Debt Issuance	3,647,000	2,000,000
Investing Cash Flow	-1,802,000	-1,934,000
Cash Flow From Continuing Investing Activities	-1,802,000	-1,934,000
Net Other Investing Changes	-97,000	-164,000
Net Investment Purchase And Sale	-674,000	122,000
Sale Of Investment	1,842,000	4,040,000
Purchase Of Investment	-2,516,000	-3,918,000
Capital Expenditure Reported	0	-92,000
Operating Cash Flow	237,000	-158,000
Cash Flow From Continuing Operating Activities	237,000	-158,000
Change In Working Capital	-326,000	-628,000
Change In Other Current Liabilities	-70,000	-360,000
Change In Other Current Assets	-256,000	-268,000
Other Non Cash Items	-285,000	-333,000
Stock Based Compensation	33,000	23,000
Deferred Tax	52,000	11,000
Deferred Income Tax	52,000	11,000
Depreciation Amortization Depletion	113,000	112,000
Depreciation And Amortization	113,000	112,000
Depreciation
Operating Gains Losses	-7,000	-8,000
Net Income From Continuing Operations	517,000	528,000

📊 Quarterly mode — Graham Fair Value & 7 Criteria require annual data. Switch to Annual for full analysis.

Quarter vs Same Quarter Last Year

YoY strips seasonality

Revenue Growth (YoY)

Prior year: $1.9B ▲ $2.2B +12.0%

Revenue growth vs same quarter last year strips seasonality. Consistent double-digit growth is a Buffett hallmark.

Net Margin

Prior year: 19.3% ▲ 23.8% +4.6pp

Net margin can be distorted by one-time items, tax timing, or interest costs — compare to operating margin for signal quality.

Quarterly Health Checks

3 Graham/Buffett criteria that are valid and reliable on quarterly data

✅ Adequate Size

Graham required scale for resilience. Quarterly revenue × 4 gives an annualised proxy.

$2.2B/qtr (≈$8.7B ann.)

vs > $1.5B annualised revenue

✅ Free Cash Flow

Buffett's most important single metric. A positive FCF quarter means the business generated real cash for owners after maintaining its asset base.

$237M

vs Positive

Operating Cash Flow

$237M

Latest quarter · Buffett's cash reality check

ROIC

N/A

Based on latest annual operating income

Market Cap / Net Assets

1.1x

Net Assets: $26.2B

Peers & Industry

No auto-detected peers for Banks - Regional. You can manually compare CFG against any stock using the Compare tool.

"The management of a business is its most important single factor — more important than market position, patents, or financial structure."

— Benjamin Graham

Capital Allocation & Alignment

Insider Ownership

0.73%

Low — management has little skin in the game

Return on Equity (ROE)

2.1%

Weak — poor returns on equity

Return on Assets (ROA)

0.2%

Poor — assets are not generating adequate returns

Share Buybacks (Latest Year)

$1.0B

Management is returning capital to shareholders via buybacks

Debt Trend YoY

+9.1% YoY

Debt is roughly stable

Leadership Team

Bruce Winfield Van Saun

CEO & Chairman of the Board

Age 68

Pay: $4,468,550

0.864% of net income

Brendan Coughlin

President and Head of Consumer, Private Banking & Wealth

Age 45

Pay: $2,184,700

0.423% of net income

Aunoy Banerjee

Executive VP & CFO

Age 47

Pay: $1,647,836

0.319% of net income

Michelle Moosally

Executive Vice President, General Counsel and Chief Legal Officer

Age 49

Top Institutional Holders

Institution	% Owned	Shares
Blackrock Inc.	11.04%	46,700,087
Capital World Investors	6.60%	27,904,054
Vanguard Capital Management LLC	6.35%	26,864,839
Invesco Ltd.	5.42%	22,926,809
State Street Corporation	4.79%	20,262,332
Vanguard Portfolio Management LLC	4.71%	19,925,763
Morgan Stanley	3.01%	12,712,681
Geode Capital Management, LLC	2.79%	11,810,470

Risk Analysis

Beta (Market Risk)

1.02

Moderate volatility — moves slightly more than market

Short Interest

0.0% of float

Low short interest — market is not heavily bearish

52-Week Price Range

Low: $41.37 Current: $67.08 High: $68.79

Currently at 94% of 52-week range