Welcome to our dedicated page for Citizens Financial Group news (Ticker: CFG), a resource for investors and traders seeking the latest updates and insights on Citizens Financial Group stock.
Citizens Financial Group, Inc. (CFG) is one of the oldest and largest financial services firms in the United States. Headquartered in Providence, Rhode Island, with roots dating back to 1828, Citizens offers a comprehensive range of retail and commercial banking products and services. The company serves individuals, small businesses, middle-market companies, large corporations, and institutions through its extensive network.
Consumer Banking: Citizens brings convenience and enhanced banking experiences to retail customers through award-winning mobile apps, robust online services, a 24/7 customer contact center, and the accessibility of approximately 3,200 ATMs and 1,200 branches across 11 states. The bank offers mortgage lending, auto lending, student lending, and a variety of deposit products. These services are designed to cater to every aspect of personal finance, helping customers manage their money more efficiently.
Commercial Banking: Citizens Commercial Banking provides a broad range of wholesale banking products and services to corporate, not-for-profit, and institutional clients. Key offerings include treasury services, specialty finance, foreign exchange, capital markets, and debt syndication. The bank leverages its expertise to support the complex financial needs of its clients, driving growth and stability.
Financial Health: Citizens Financial Group boasts total assets exceeding $220 billion. The company generates the majority of its revenue from its Consumer Banking segment, reflecting a strong and consistent performance in personal banking services.
Innovations and Partnerships: Citizens is committed to innovation and technological advancements to enhance customer experience and operational efficiency. The bank's focus on digital transformation includes continuous improvements to its mobile and online banking platforms. Strategic partnerships and acquisitions have further solidified its position in the competitive financial services market.
Current Projects: Citizens is actively engaged in expanding its market presence and improving service delivery. Recent initiatives involve introducing new financial products, enhancing customer service capabilities, and optimizing branch operations to better serve the community. The bank is also dedicated to corporate social responsibility, emphasizing environmental sustainability, financial education, and community development.
Stay tuned for the latest news on Citizens Financial Group, Inc. to keep abreast of significant developments and financial performance updates.
Citizens announces three key executive appointments to strengthen its consumer banking leadership team. Raman Muralidharan joins as Head of Mortgage, while Adam Boyd and Nuno Dos Santos are promoted to Head of Lending and Head of Retail Banking, respectively. These appointments aim to accelerate the bank's transformation and enhance customer experience.
Muralidharan brings two decades of mortgage industry experience from Guaranteed Rate and HSBC. Boyd, who led the successful FastLine® home equity lending transformation, will oversee consumer lending operations. Dos Santos, who achieved top-quartile growth in the Tri-State Metro market, will manage over 5,000 colleagues across 1,000 retail branches.
Citizens Financial Group (NYSE: CFG) has announced a decrease in its prime lending rate from 8.00% to 7.75%, effective November 8, 2024. The bank, headquartered in Providence, Rhode Island, manages assets worth $219.7 billion as of September 30, 2024. Citizens operates approximately 1,000 branches and 3,100 ATMs across 14 states and D.C., offering comprehensive retail and commercial banking services including mobile banking, lending, savings, wealth management, treasury management, and corporate finance solutions.
Citizens Financial Group (NYSE: CFG) has declared quarterly dividends on its preferred stock series, payable on January 6, 2025, to shareholders of record as of December 20, 2024. The dividends include: $19.85 per share on Series B, $20.24 on Series C, $12.50 on Series E ($0.31 per depositary share), $14.13 on Series F, $10.00 on Series G, and $18.44 on Series H ($0.46 per depositary share). Citizens Financial Group, with $219.7 billion in assets, operates approximately 1,000 branches and 3,100 ATMs across 14 states and D.C., offering retail and commercial banking services.
Citizens Financial Group (NYSE: CFG) has announced its 2026 quarterly financial results schedule. Conference calls will be held on: April 16 (Q1), July 16 (Q2), October 16 (Q3), and January 20, 2027 (Q4), all at 9 am ET. The company, with $219.7 billion in assets as of September 30, 2024, operates approximately 3,100 ATMs and over 1,000 branches across 14 states and DC, providing comprehensive retail and commercial banking services.
Citizens Financial Group (NYSE: CFG) reported Q3 2024 net income of $382 million and EPS of $0.77. Underlying net income was $392 million with EPS of $0.79. The company's CET1 ratio stood at 10.6% and loan-to-deposit ratio at 80.8%. Key highlights include:
- Private Bank reached $5.6 billion in deposits and $4.1 billion in AUM
- Strong growth in NYC Metro region
- Upcoming launch of TOP 10 program with $100 million plus impact
- Strong balance sheet across capital, liquidity, funding, and loan loss reserves
- Q3 impacted by forward-starting swaps and fee pushouts to Q4
- Projecting strong Q4 and 2025 launch
- Quarterly dividend of $0.42 per share declared
Citizens Financial Group has $219.7 billion in assets as of September 30, 2024, offering a range of retail and commercial banking products across 14 states and D.C.
Citizens Financial Group (NYSE: CFG) has announced a change in the date and time for its second quarter 2025 financial results conference call. The call will now take place on Thursday, July 17, 2025, at 10:00 a.m. Eastern Time (ET). The company will issue a press release reporting its results at approximately 6:20 a.m. ET on the same day. Investors can access the news release on the company's investor relations website at http://investor.citizensbank.com.
Citizens Bank, N.A. has announced the redemption of its outstanding $600,000,000 aggregate principal amount 6.064% Fixed/Floating Rate Senior Notes due October 24, 2025. The redemption is scheduled for October 24, 2024, which is the Redemption Date. The redemption price will be 100% of the principal amount of the Notes redeemed, plus any accrued and unpaid interest up to, but excluding, the Redemption Date.
After the Redemption Date, the Notes will no longer be considered outstanding, and interest will cease to accrue. The redemption payment will be processed through The Depository Trust Company. This action affects Notes with the CUSIP No. 75524KPT5.
Citizens Financial Group (NYSE: CFG) has announced the next phase of its West Coast expansion strategy, focusing on California. The company has opened two new Private Banking offices in Mill Valley and San Francisco, representing its first West Coast branches. Additionally, Citizens has added a top Private Banking team in Southern California to serve the San Diego and Newport Beach markets, led by Victor Mena as Private Bank Market Executive.
Citizens plans to open additional Private Banking offices in Newport Beach, San Diego, and Silicon Valley by mid-2025. The expansion aims to provide comprehensive banking and wealth management services to high-net-worth individuals, families, businesses, and organizations in the region.
As part of its community engagement efforts, Citizens has launched its Champions in Action grant program in San Francisco, offering a $50,000 grant to a local non-profit focused on improving access to mental health and well-being programming.
Citizens Financial Group (NYSE: CFG) has announced details for its third quarter 2024 earnings conference call, scheduled for October 16, 2024. The company will release its earnings report and supplemental materials on the same day, available at http://investor.citizensbank.com. The live conference call will begin at 9:00 am ET, with a dial-in number of 877-336-4440 (conference ID: 4816160). A live webcast will also be accessible on the company's investor relations website.
For those unable to attend the live call, a replay will be available from 1:00 pm ET on October 16, 2024, until November 16, 2024. The replay can be accessed by dialing 866-207-1041 with access code 2124050. Additionally, the webcast replay will be available on the company's investor relations website under the Events & Presentations section.
Citizens Financial Group (NYSE: CFG) has appointed Claude E. Wade to its Board of Directors, effective March 1, 2025. Wade, with over 30 years of experience in operational, strategy, and innovation roles, will serve on the Board's Risk Committee. He is currently the executive vice president, Chief Digital Officer and Global Head of Business Operations and Global Head of Claims at AIG.
The appointment will temporarily expand the Citizens Board to 14 directors. Concurrently, Wendy Watson, who has served on the Board since 2010, will retire after her current term expires in April 2025. Watson currently chairs the Audit Committee and is a member of the Risk Committee and the Compensation and Human Resources Committee.
Citizens Financial Group reported $219.9 billion in assets as of June 30, 2024. The company offers a range of retail and commercial banking products and services across approximately 3,300 ATMs and 1,000 branches in 14 states and the District of Columbia.
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