NYSE:CFG.PRD

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Citizens Financial Group

Executive Summary

Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association that provides retail and commercial banking products and services in the United States.


Snowflake Analysis

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Citizens Financial Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CFG.PRD has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.9%

CFG.PRD

7.1%

US Banks

-0.04%

US Market


1 Year Return

-0.3%

CFG.PRD

-14.6%

US Banks

17.1%

US Market

Return vs Industry: CFG.PRD exceeded the US Banks industry which returned -17.7% over the past year.

Return vs Market: CFG.PRD underperformed the US Market which returned 16.8% over the past year.


Shareholder returns

CFG.PRDIndustryMarket
7 Day0.9%7.1%-0.04%
30 Day5.3%8.7%5.1%
90 Day8.1%22.8%19.5%
1 Year6.8%-0.3%-11.6%-14.6%19.6%17.1%
3 Yearn/a-7.4%-14.9%42.5%33.3%
5 Yearn/a18.3%3.9%75.1%56.2%

Price Volatility Vs. Market

How volatile is Citizens Financial Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Citizens Financial Group undervalued compared to its fair value and its price relative to the market?

10.54x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CFG.PRD ($27.15) is trading above our estimate of fair value ($17.04)

Significantly Below Fair Value: CFG.PRD is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CFG.PRD is poor value based on its PE Ratio (10.5x) compared to the US Banks industry average (10x).

PE vs Market: CFG.PRD is good value based on its PE Ratio (10.5x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: CFG.PRD is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: CFG.PRD is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Citizens Financial Group forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

30.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CFG.PRD's forecast earnings growth (30.7% per year) is above the savings rate (2.2%).

Earnings vs Market: CFG.PRD's earnings (30.7% per year) are forecast to grow faster than the US market (24% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CFG.PRD's revenue is expected to decline over the next 3 years (-0.03% per year).

High Growth Revenue: CFG.PRD's revenue is forecast to decline over the next 3 years (-0.03% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CFG.PRD's Return on Equity is forecast to be low in 3 years time (6%).


Next Steps

Past Performance

How has Citizens Financial Group performed over the past 5 years?

14.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CFG.PRD has high quality earnings.

Growing Profit Margin: CFG.PRD's current net profit margins (20.3%) are lower than last year (28.9%).


Past Earnings Growth Analysis

Earnings Trend: CFG.PRD's earnings have grown by 14.3% per year over the past 5 years.

Accelerating Growth: CFG.PRD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CFG.PRD had negative earnings growth (-37.2%) over the past year, making it difficult to compare to the Banks industry average (-3%).


Return on Equity

High ROE: CFG.PRD's Return on Equity (5.3%) is considered low.


Next Steps

Financial Health

How is Citizens Financial Group's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: CFG.PRD's Assets to Equity ratio (8x) is low.

Allowance for Bad Loans: CFG.PRD has a sufficient allowance for bad loans (247%).

Low Risk Liabilities: 91% of CFG.PRD's liabilities are made up of primarily low risk sources of funding.

Loan Level: CFG.PRD has an appropriate level of Loans to Assets ratio (69%).

Low Risk Deposits: CFG.PRD's Loans to Deposits ratio (86%) is appropriate.

Level of Bad Loans: CFG.PRD has an appropriate level of bad loans (0.8%).


Next Steps

Dividend

What is Citizens Financial Group current dividend yield, its reliability and sustainability?

5.85%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CFG.PRD's dividend (5.85%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: CFG.PRD's dividend (5.85%) is in the top 25% of dividend payers in the US market (4.29%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, CFG.PRD has been paying a dividend for less than 10 years.

Growing Dividend: CFG.PRD's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (59.3%), CFG.PRD's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CFG.PRD's dividends in 3 years are forecast to be covered by earnings (50.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Bruce Van Saun (63 yo)

6.83yrs

Tenure

US$9,898,442

Compensation

Mr. Bruce Winfield Van Saun has been an Independent Director of Moody’s Corporation since March 01, 2016. He has been the Chairman and Chief Executive Officer of Citizens Financial Group, Inc. since Octobe ...


CEO Compensation Analysis

Compensation vs Market: Bruce's total compensation ($USD9.90M) is about average for companies of similar size in the US market ($USD11.35M).

Compensation vs Earnings: Bruce's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Bruce Van Saun
CEO & Chairman of the Board6.83yrsUS$9.90m0.19%
$ 21.1m
John Woods
Vice Chairman & CFO3.42yrsUS$3.77m0.024%
$ 2.7m
Donald McCree
Vice Chairman & Head of Commercial Banking Division5yrsUS$4.02m0.043%
$ 4.9m
Malcolm Griggs
Chief Risk Officer & Executive VP5.67yrsUS$2.22m0.019%
$ 2.2m
Craig Read
Executive VP2yrsno data0.0046%
$ 518.7k
Theodore Swimmer
Executive VP and Head of Corporate Finance & Capital Markets for Citizens Commercial Banking2yrsno datano data
Michael Ruttledge
Group Chief Information Officer1.58yrsno datano data
Kristin Silberberg
Head of Investor Relations0.25yrno datano data
Stephen Gannon
Chief Legal Officerno dataUS$2.02m0.023%
$ 2.7m
Scott Essex
Executive VP and Chief Compliance & Ethics Officer3.83yrsno datano data
Susan LaMonica
Executive VP & Chief Human Resources Officer9.58yrsno data0.029%
$ 3.3m
Barbara Cottam
Executive VP & Head of Corporate Affairsno datano datano data

3.6yrs

Average Tenure

58yo

Average Age

Experienced Management: CFG.PRD's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bruce Van Saun
CEO & Chairman of the Board6.83yrsUS$9.90m0.19%
$ 21.1m
Charles Koch
Independent Director15.92yrsUS$267.95k0.024%
$ 2.7m
Leo Higdon
Independent Director6yrsUS$259.61k0.0020%
$ 228.6k
Edward Kelly
Independent Director1.5yrsUS$244.44k0.00019%
$ 21.6k
William Hankowsky
Independent Director13.75yrsUS$237.95k0.0072%
$ 817.9k
Marita Zuraitis
Independent Director9.25yrsUS$227.95k0.0018%
$ 201.3k
Howard Hanna
Independent Director11.17yrsUS$242.95k0.0034%
$ 387.9k
Shivan Subramaniam
Independent Lead Director1.58yrsUS$279.61k0.0088%
$ 1.0m
Robert Leary
Independent Director0.33yrno datano data
Wendy Watson
Independent Director9.83yrsUS$277.95k0.0013%
$ 147.9k
Christine Cumming
Independent Director4.83yrsUS$227.95k0.00057%
$ 64.8k
Terrance Lillis
Independent Director1.5yrsUS$258.61k0.00043%
$ 48.9k

6.4yrs

Average Tenure

68yo

Average Age

Experienced Board: CFG.PRD's board of directors are considered experienced (6.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Citizens Financial Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Citizens Financial Group, Inc.
  • Ticker: CFG.PRD
  • Exchange: NYSE
  • Founded: 1828
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$11.375b
  • Shares outstanding: 426.83m
  • Website: https://www.citizensbank.com

Number of Employees


Location

  • Citizens Financial Group, Inc.
  • One Citizens Plaza
  • Providence
  • Rhode Island
  • 2903
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CFGNYSE (New York Stock Exchange)YesCommon StockUSUSDSep 2014
1C5DB (Deutsche Boerse AG)YesCommon StockDEEURSep 2014
0HYPLSE (London Stock Exchange)YesCommon StockGBUSDSep 2014
CFG *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNSep 2014
CFG.PRDNYSE (New York Stock Exchange)6.350% DEP PFD DUSUSDJan 2019
CFG.PRENYSE (New York Stock Exchange)5% DP RP PFD EUSUSDOct 2019
C1FG34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COMBRBRLDec 2019

Biography

Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association that provides retail and commercial banking products and services in the United States. The compa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/11 23:35
End of Day Share Price2020/08/10 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.