Citizens Financial Group
Market Cap
US$14.6b
Last Updated
2019/08/22 00:45 UTC
Data Sources
Company Financials +
Executive Summary
Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States.
Snowflake
Fundamentals
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
Market Performance
7 Day Return
3.8%
NYSE:CFG
2.4%
US Banks
2.9%
US Market
1 Year Return
-20.6%
NYSE:CFG
-14.8%
US Banks
0.2%
US Market
CFG underperformed the Banks industry which returned -15.3% over the past year.
CFG underperformed the Market in United States of America which returned -0.7% over the past year.
Share holder returns
| CFG | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.8% | 2.4% | 2.9% |
| 30 Day | -12.3% | -6.3% | -2.3% |
| 90 Day | -5.3% | -2.1% | 3.1% |
| 1 Year | -17.7%-20.6% | -12.4%-14.8% | 2.4%0.2% |
| 3 Year | 48.5%37.9% | 41.7%32.0% | 41.7%32.4% |
| 5 Year | n/a | 52.2%35.7% | 55.1%37.9% |
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
5 days ago | Simply Wall St
Is Citizens Financial Group, Inc.'s (NYSE:CFG) CEO Paid Enough Relative To Peers?3 weeks ago | Simply Wall St
Citizens Financial Group, Inc.'s (NYSE:CFG) 3.8% Dividend Yield Looks Pretty Interesting1 month ago | Simply Wall St
How Much Are Citizens Financial Group, Inc. (NYSE:CFG) Insiders Spending On Buying Shares?Valuation
Is Citizens Financial Group undervalued based on future cash flows and its price relative to the stock market?
14%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Citizens Financial Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
Citizens Financial Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
Citizens Financial Group is good value based on earnings compared to the US Banks industry average.
Citizens Financial Group is good value based on earnings compared to the United States of America market.
Price Based on Expected Growth
Citizens Financial Group is poor value based on expected growth next year.
Price Based on Value of Assets
Citizens Financial Group is good value based on assets compared to the US Banks industry average.
Next Steps
Future Growth
How is Citizens Financial Group expected to perform in the next 1 to 3 years based on estimates from 17 analysts?
0.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Citizens Financial Group's revenue is expected to grow by 3.3% yearly, however this is not considered high growth (20% yearly).
Citizens Financial Group's earnings are expected to grow by 0.9% yearly, however this is not considered high growth (20% yearly).
Citizens Financial Group's revenue growth is positive but not above the United States of America market average.
Citizens Financial Group's earnings growth is positive but not above the United States of America market average.
Citizens Financial Group's earnings growth is positive but not above the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Citizens Financial Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has Citizens Financial Group performed over the past 5 years?
20.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Citizens Financial Group has delivered over 20% year on year earnings growth in the past 5 years.
Citizens Financial Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
Citizens Financial Group's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.
Return on Equity
Citizens Financial Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Citizens Financial Group used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
Return on Capital Employed
Unable to establish if Citizens Financial Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
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
Information is not available.
Information is not available.
Financial Institutions Analysis
Citizens Financial Group has an acceptable proportion of non-loan assets held.
Citizens Financial Group has a sufficient allowance for bad loans.
Citizens Financial Group's liabilities are made up of primarily low risk sources of funding.
Citizens Financial Group's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
Loans at Citizens Financial Group are broadly funded by customer deposits.
Citizens Financial Group has an acceptable level of bad loans (less than 2%).
Next Steps
Dividend
What is Citizens Financial Group's current dividend yield, its reliability and sustainability?
4.56%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Citizens Financial Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
Citizens Financial Group's dividend is above the markets top 25% of dividend payers in United States of America (3.85%).
Whilst dividend payments have been stable, Citizens Financial Group has been paying a dividend for less than 10 years.
Dividend payments have increased, but Citizens Financial Group only paid a dividend in the past 5 years.
Current Payout to Shareholders
Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
Next Steps
Management
What is the CEO of Citizens Financial Group's salary, the management and board of directors tenure and is there insider trading?
2.4yrs
Average management tenure
CEO
Bruce Van Saun (62yo)
5.8yrs
Tenure
US$9,405,933
Compensation
Mr. Bruce W. 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 October 1, 2Â ...
CEO Compensation Analysis
Bruce's remuneration is about average for companies of similar size in United States of America.
Bruce's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
2.4yrs
Average Tenure
57yo
Average Age
The tenure for the Citizens Financial Group management team is about average.
Board Age and Tenure
7.0yrs
Average Tenure
69yo
Average Age
The tenure for the Citizens Financial Group board of directors is about average.
Insider Trading
No 3 month open market individual insider trading information.
Recent Insider Transactions
| Entity | Individual |
| Role | Lead Director Lead Director |
| Shares | 3,000 |
| Max Price | US$35.32 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 14,000 |
| Max Price | US$36.32 |
Ownership Breakdown
Management Team
Bruce Van Saun (62yo)
Chairman
- Tenure: 5.8yrs
- Compensation: US$9.41m
Malcolm Griggs (58yo)
Chief Risk Officer & Executive VP
- Tenure: 4.7yrs
- Compensation: US$2.18m
Don McCree (57yo)
Vice Chairman & Head of Commercial Banking Division
- Tenure: 4.0yrs
- Compensation: US$3.93m
John Woods (55yo)
Vice Chairman & CFO
- Tenure: 0.5yrs
- Compensation: US$3.55m
Brad Conner (57yo)
Vice Chairman of Consumer Banking
- Tenure: 0.0yrs
- Compensation: US$3.13m
Ellen Taylor
Head of Investor Relations & Executive VP
- Tenure: 0.0yrs
Stephen Gannon (66yo)
Chief Legal Officer
- Tenure: 0.0yrs
- Compensation: US$2.02m
Craig Read (50yo)
Executive VP
- Tenure: 1.0yrs
Ted Swimmer
Executive VP and Head of Corporate Finance & Capital Markets for Citizens Commercial Banking
- Tenure: 1.0yrs
Michael Ruttledge
Group Chief Information Officer
- Tenure: 0.6yrs
Board Members
Bud Koch (72yo)
Director
- Tenure: 14.9yrs
- Compensation: US$251.00k
Lee Higdon (73yo)
Director
- Tenure: 5.0yrs
- Compensation: US$226.00k
Bruce Van Saun (62yo)
Chairman
- Tenure: 5.8yrs
- Compensation: US$9.41m
Bill Hankowsky (68yo)
Director
- Tenure: 12.8yrs
- Compensation: US$221.00k
Marita Zuraitis (59yo)
Director
- Tenure: 8.3yrs
- Compensation: US$211.00k
Hoddy Hanna (72yo)
Director
- Tenure: 10.2yrs
- Compensation: US$221.00k
John Woods (55yo)
Vice Chairman & CFO
- Tenure: 0.5yrs
- Compensation: US$3.55m
Mark Casady (59yo)
Director
- Tenure: 5.2yrs
- Compensation: US$216.00k
Shivan Subramaniam (70yo)
Lead Director
- Tenure: 0.6yrs
- Compensation: US$236.00k
Wendy Watson (71yo)
Director
- Tenure: 8.8yrs
- Compensation: US$261.00k
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
- Exchange: NYSE
- Founded: 1828
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$14.575b
- Shares outstanding: 447.09m
- Website: https://www.citizensbank.com
Number of Employees
Location
- Citizens Financial Group, Inc.
- One Citizens Plaza
- Providence
- Rhode Island
- 2903
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CFG | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Sep 2014 |
| 1C5 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Sep 2014 |
| 0HYP | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Sep 2014 |
| CFG.PRD | NYSE (New York Stock Exchange) | 6.350% DEP PFD D | US | USD | Jan 2019 |
Biography
Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and servic ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/22 00:45 |
| End of Day Share Price | 2019/08/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.