Welcome to our dedicated page for Citizens Finl Group news (Ticker: CFG), a resource for investors and traders seeking the latest updates and insights on Citizens Finl Group stock.
Citizens Financial Group Inc (CFG) provides consumer and commercial banking services through its nationwide network, serving individuals and institutions since 1828. This page aggregates official press releases, regulatory disclosures, and material developments for stakeholders tracking the company’s financial strategy and market position.
Investors and analysts will find timely updates on quarterly earnings, dividend announcements, and leadership changes. Media professionals can access verified information on CFG’s commercial banking innovations, regulatory compliance updates, and community initiatives. All content is sourced directly from company filings and authorized communications.
The repository includes:
• Earnings reports and investor presentations
• Regulatory filings (SEC submissions, compliance updates)
• Strategic initiatives including digital banking enhancements
• Leadership appointments and governance changes
Bookmark this page for streamlined access to Citizens Financial Group’s latest developments. For historical context, review our company profile detailing CFG’s banking segments and market presence.
Citizens Financial Group (NYSE: CFG) has entered into a definitive agreement to acquire College Raptor, Inc., a college planning platform based in Iowa City. This acquisition aims to enhance Citizens' engagement with prospective students and their families, providing personalized advice during the college search process. College Raptor, which helps students find colleges fitting their academic and financial profiles, will operate as a wholly-owned subsidiary post-acquisition. The deal is expected to close in the fourth quarter of 2022.
Citizens Financial Group has renewed its partnership with Feeding America for the fifth consecutive year, contributing over $1 million to combat hunger. This funding focuses on equitable access grants aimed at aiding BIPOC communities facing food insecurity. The initiative, part of the bank's broader effort, has already provided 16.3 million meals in 2021. Additionally, Citizens will host a virtual food drive during Hunger Action Month, matching donations up to $20,000.
Citizens Financial Group has announced a significant three-year personal gift from chairman and CEO Bruce Van Saun and his wife, Katie, to the Kenan Institute of Private Enterprise. This funding will support the addition of five Distinguished Fellows focusing on key business challenges starting in 2023. The initiative aims to enhance thought leadership around pressing issues, fostering collaboration among stakeholders. The Institute currently leads a pilot program on stakeholder capitalism and ESG investing, and the new funding will extend their research and programming efforts.
Citizens Financial Group (NYSE: CFG) announced that its Chairman and CEO, Bruce Van Saun, will speak at the Barclays Global Financial Services Conference on September 12, 2022, at 9:45 am ET. The event will be available via a live webcast on the company's investor relations website. Citizens Financial Group, headquartered in Providence, Rhode Island, has $226.7 billion in assets as of June 30, 2022, and offers a wide range of banking services across 14 states and the District of Columbia.
Citizens Financial Group, Inc. (CFG) is set to announce its third quarter 2022 earnings on October 19, 2022. The earnings release and supplementary materials will be accessible on the investor relations page. A live conference call will start at 9:00 AM ET on the same day, with dial-in details provided. A replay will be available from 12:00 PM ET on October 19 through November 19, 2022. Citizens Financial Group, with $226.7 billion in assets as of June 30, 2022, operates a comprehensive range of banking services.
Citizens Financial Group (NYSE: CFG) has declared dividends on its preferred stock, payable on October 6, 2022. Preferred shareholders of record by September 21, 2022 will receive:
- $15.9375 per share for Series C
- $15.875 per share for Series D
- $12.50 per share for Series E
- $14.125 per share for Series F
- $10.00 per share for Series G
This reinforces CFG's commitment to returning value to its shareholders.
Citizens Financial Group (CFG) announced the redemption of all its outstanding 6.50% Fixed-to-Floating Rate Subordinated Notes due October 1, 2027, effective September 29, 2022. The redemption price will be 100% of the principal plus any accrued interest up to the redemption date. This decision follows CFG's recent acquisition of Investors Bancorp. The bank, headquartered in Providence, Rhode Island, operates with assets totaling $226.7 billion as of June 30, 2022, offering a wide range of banking products and services across multiple states.
Citizens Financial Group, Inc. (NYSE: CFG) announced the pricing of $800 million in 4.575% fixed/floating rate senior notes due 2028. The net proceeds will be allocated for general corporate purposes. The offering is expected to close on August 9, 2022. These notes are part of Citizens Bank, N.A.'s $10 billion Global Bank Note Program and are not insured deposits. The offering involves risks, including potential loss of principal. Barclays, Credit Suisse, J.P. Morgan, Morgan Stanley, and Citizens Capital Markets are joint book-running managers for this issuance.
Citizens Financial Group, Inc. has raised its prime lending rate from 4.75% to 5.50%, effective July 28, 2022. This adjustment reflects current market conditions and aims to align with the Federal Reserve's monetary policy. Citizens Bank, a part of Citizens Financial Group, serves a diverse clientele, offering various retail and commercial banking services. As of June 30, 2022, the company reported $226.7 billion in assets, underscoring its significant presence in the financial sector.
Citizens disclosed that its national Business Conditions Index (CBCI) fell to 52.9 in Q2 2022, down from 59.5 in Q1, yet still above the growth threshold. Consumer inflation reached an annual 9.1%, prompting two rate hikes by the Federal Reserve. The Treasury market signals potential recession, as consumer sentiment declines. Despite cooling, business activity remains stable, supported by pent-up demand. The report noted mixed signals, with three index components contributing positively, while new business formation applications decreased. Employment trends remained neutral amid recession fears.
