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) generates news across multiple banking sectors, reflecting its position as one of the nation's largest super-regional banks. As a publicly traded financial institution serving retail customers and commercial clients across 11 states, Citizens' news flow spans quarterly earnings announcements, commercial banking product launches, regulatory developments, and strategic initiatives in digital banking and wealth management.
Investors tracking Citizens benefit from monitoring several distinct news categories. Quarterly earnings reports provide visibility into net interest margin trends, credit quality metrics, deposit growth, and fee income generation across the bank's consumer and commercial segments. Product announcements reveal Citizens' competitive positioning in areas like credit cards, digital treasury services, and middle-market lending. Executive compensation disclosures and corporate governance matters appear in proxy statements and regulatory filings. Branch expansion or consolidation announcements indicate the bank's physical footprint strategy. Capital management news includes dividend declarations, share repurchase authorizations, and debt issuances that affect the bank's funding structure.
Citizens' news also reflects broader banking industry trends, including interest rate sensitivity, regulatory capital requirements, and competition from both traditional banks and fintech competitors. Material events triggering 8-K filings may include acquisitions of smaller banks or lending platforms, major technology partnerships, changes in credit ratings, or regulatory consent orders. For commercial banking clients and investors analyzing the middle-market lending environment, Citizens' announcements about specialized industry verticals, syndication activity, and treasury management capabilities provide market intelligence.
This news page aggregates real-time updates from SEC filings, earnings calls, press releases, and regulatory announcements, helping you track developments that may affect Citizens' financial performance, competitive positioning, or shareholder value. Whether monitoring quarterly results, watching for strategic acquisitions, or tracking regulatory compliance matters, this centralized news feed provides comprehensive coverage of one of the Northeast's largest banking franchises.
Citizens Financial Group (NYSE: CFG) has declared dividends on its preferred stock, payable on October 7, 2024, to shareholders of record as of September 20, 2024. The dividends cover six series of preferred stock, with quarterly cash dividends ranging from $10.00 to $27.24652778 per share. CFG, one of the nation's oldest and largest financial institutions, reported $219.9 billion in assets as of June 30, 2024. The company offers a wide range of retail and commercial banking products and services, with a presence in 14 states and the District of Columbia, including approximately 3,300 ATMs and over 1,000 branches.
Citizens Financial Group (NYSE: CFG) has announced its participation in the Barclays 22nd Annual Global Financial Services Conference. The event will feature Chairman and CEO Bruce Van Saun on Monday, September 9, 2024, at 9:45 am ET.
Investors and interested parties can access a live webcast of the presentation through the company's investor relations website. This conference provides an opportunity for Citizens Financial Group to showcase its strategies and financial performance to a global audience of financial industry professionals and investors.
The participation of CFG's top executive in this prestigious event highlights the company's commitment to transparency and engagement with the investment community.
College Raptor, Citizens' college planning platform, has released its tenth annual 'Best Colleges' rankings for 2025. The rankings analyze schools based on selectivity, financial health, academic rigor, and student success. This year's list introduces new categories for in-demand programs like AI and Nursing. The rankings cover 50 Best Colleges Nationally and 25 colleges across 19 additional categories.
Notable categories include:
- 50 Best Colleges Nationally (Top 3: Princeton, Harvard, MIT)
- Best Colleges for AI (Top 3: Georgia Tech, Carnegie Mellon, Stevens Institute)
- Best Colleges for Nursing (Top 3: Emory, Molloy, University of Portland)
- Best D2 and D3 Colleges
The rankings aim to help students select colleges for future careers in sought-after industries. Citizens also offers comprehensive resources, including student loans, to support students and families throughout their educational journey.
The Citizens Business Conditions Index™ (CBCI) rose to 52.2 in Q2 2024, indicating expanding economic momentum. This increase was primarily driven by higher company revenue and the prospect of easing monetary policy. Key findings include:
- Strong revenue trends across most industries after a soft Q1
- Labor market and new business growth showing signs of rebalancing
- ISM non-manufacturing component remained expansionary but declined
- ISM manufacturing component contractionary for the seventh consecutive quarter
- Employment trends remained resilient
- New business applications neutral but elevated compared to pre-pandemic levels
The index suggests a business environment adapting to sustained higher rates, with potential for greater expansion as monetary policy eases.
Citizens Financial Group (NYSE: CFG) reported Q2 2024 net income of $392 million and EPS of $0.78. Underlying net income was $408 million with EPS of $0.82. The company maintained a CET1 ratio of 10.7% and a loan-to-deposit ratio of 80.4%.
Highlights include strong fee performance across Capital Markets, Wealth, and Card segments, excellent deposit trends, and good expense discipline. The Private Bank reached $4.0 billion in deposits and $3.6 billion in assets under management.
Citizens declared a quarterly dividend of $0.42 per share, payable on August 14, 2024. The company reaffirmed its full-year guidance and medium-term targets. Total assets stood at $219.9 billion as of June 30, 2024.
Citizens Financial Group (NYSE: CFG) has announced a preliminary Stress Capital Buffer (SCB) of 4.5%, effective October 1, 2024, following the Federal Reserve's stress test results. The company expects its CET1 ratio for Q2 2024 to be about 160 basis points above the regulatory minimum of 9.0%, showcasing its capital strength. Additionally, the board has increased the common share repurchase program to $1.25 billion, an increase of $656 million. This reflects confidence in the company’s financial performance and commitment to delivering attractive returns to shareholders.
Citizens Financial Group (NYSE: CFG) announced the hiring of Michael Walker to lead its middle-market team in California. Walker, based in San Francisco, brings over 45 years of banking experience, including previous leadership roles at City National Bank and U.S. Bank. Steve Woods, head of corporate banking at Citizens, highlighted Walker's extensive relationships and leadership skills as key factors in accelerating growth in California. Citizens aims to enhance its presence with nearly 270 colleagues in the state, providing top-tier solutions to businesses and residents. Walker will join other leaders such as Mark Lehmann and David Musicant, following recent strategic hires in wealth management to bolster their Northern California operations.
Citizens Financial Group (NYSE: CFG) will release its second quarter 2024 earnings report on July 17, 2024. The news release and supplemental materials will be accessible via their investor relations website. To discuss the earnings results, CFG management will host a live conference call at 9:00 am ET the same day.
Participants can join the call by dialing 877-692-8955 with the conference ID 6961859. A live webcast will also be available online. For those unable to attend, a replay of the conference call will be available from 12:00 pm ET on July 17 through August 17, 2024, by dialing 866-207-1041 with access code 5396445. The webcast replay will be accessible on the company’s investor relations page.
Citizens Financial Group (NYSE: CFG) has appointed Don McCree as Senior Vice Chair. McCree, previously Head of Commercial Banking, has been recognized for his leadership since 2015. CEO Bruce Van Saun praised McCree's role in expanding the Commercial Bank and fostering a customer-centric culture. McCree's responsibilities include overseeing Corporate and Investment Banking, Commercial Lending, Real Estate, and more. He joined Citizens in 2015 from JPMorgan Chase, where he held various senior roles over 31 years.
Citizens Financial Group (NYSE: CFG) has rescheduled its third quarter 2025 results conference call to 9:00 a.m. Eastern Time (ET) on Wednesday, October 15, 2025. The financial results will be released at approximately 6:20 a.m. ET on the same day. Investors and interested parties can access the press release at the company's investor relations website, http://investor.citizensbank.com.
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