Citizens Financial (CFG)
NYSE:CFG
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Citizens Financial
(NYSE:CFG)
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Rating:68Neutral
Price Target:
$71.00
▲(10.16% Upside)
Action:DowngradedDate:04/25/26
The score is anchored by mixed financial performance—solid capital/leverage and profitability but weakened by the sharp deterioration in reported 2025 cash-flow metrics and declining revenue—partly offset by a positive earnings-call outlook (NII/NIM expansion, fee momentum, and capital returns) and supportive technical momentum. Valuation is reasonable with a moderate P/E and a ~2.7% dividend yield.
Positive Factors
NIM / NII expansion guidance
Management's clear multi-quarter NIM and NII targets indicate structurally improving net interest income driven by earning-asset growth and margin expansion. Sustained NIM improvement supports durable core earnings power and cash generation even if credit or fee cycles fluctuate.
Negative Factors
Sharply weakened cash-flow metrics
A reported collapse of operating/free cash flow in 2025 materially weakens confidence in underlying cash generation. That impairs the bank's durable ability to fund buybacks, dividends or reinvestment from operations and raises questions about earnings quality and working capital mechanics.
Read all positive and negative factors
Positive Factors
Negative Factors
NIM / NII expansion guidance
Management's clear multi-quarter NIM and NII targets indicate structurally improving net interest income driven by earning-asset growth and margin expansion. Sustained NIM improvement supports durable core earnings power and cash generation even if credit or fee cycles fluctuate.
Read all positive factors
Citizens Financial (CFG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$27.01B
Dividend Yield2.89%
Average Volume (3M)4.72M
Price to Earnings (P/E)12.3
Beta (1Y)1.15
Revenue Growth-0.44%
EPS Growth34.70%
CountryUS
Employees17,315
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.90
Shares Outstanding424,993,900
10 Day Avg. Volume5,050,155
30 Day Avg. Volume4,719,596
Financial Highlights & Ratios
PEG Ratio0.49
Price to Book (P/B)0.96
Price to Sales (P/S)2.26
P/FCF Ratio12.37
Enterprise Value/Market Cap1.01
Enterprise Value/Revenue2.45
Enterprise Value/Gross Profit3.52
Enterprise Value/Ebitda10.15
Forecast
1Y Price Target
$73.19Price Target Upside13.56% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)5.18
Revenue Forecast (FY)$9.12B
Citizens Financial Business Overview & Revenue Model
Company Description
Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, ...
How the Company Makes Money
Citizens Financial Group primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is generated by earning interest on loans and other interest-earning assets (such as certain securities) and paying inte...
Citizens Financial Key Performance Indicators (KPIs)
Any
Revenue By Segment
Breaks down revenue generated by each business segment, revealing which areas are driving growth and where there might be opportunities or challenges.
Breaks down revenue generated by each business segment, revealing which areas are driving growth and where there might be opportunities or challenges.
Data provided by:
The Fly
The FlyCitizens Financial Earnings Call Summary
Earnings Call Date:Apr 16, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 16, 2026
Earnings Call Sentiment Positive
The call conveyed a generally positive tone: strong core financial performance (notably large YoY EPS growth, positive operating leverage, margin expansion), robust balance sheet and capital returns, and clear progress on strategic initiatives (Private Bank growth and Reimagine the Bank). Headwinds were manageable and largely timing or sector‑specific (mortgage/MSR mark, March market volatility, some implementation costs and noncore runoffs). Management reiterated guidance and showed confidence in delivering NII/NIM goals and long‑term ROTCE targets while acknowledging macro and regulatory uncertainties.Positive Updates
Strong EPS and Profitability
EPS of $1.13 in Q1 2026, representing year‑over‑year EPS growth of ~47%; ROTCE of 12.2% for the quarter.
Negative Updates
Mortgage / MSR Headwinds
Mortgage revenues declined 19% quarter‑on‑quarter driven by a lower MSR valuation, partially offset by slightly higher production and servicing fees.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong EPS and Profitability
EPS of $1.13 in Q1 2026, representing year‑over‑year EPS growth of ~47%; ROTCE of 12.2% for the quarter.
Read all positive updates
Company Guidance
Management guided Q2 NII up 3–4% (driven by NIM expansion and earning‑asset growth), noninterest income up 3–5% (led by capital markets, FX/derivatives, wealth and card), expenses stable to +1% (with reimagine‑the‑bank implementation costs and second‑half savings), charge‑offs stable to down slightly, and ending Q2 CET1 of 10.5%–10.6% (including ~$225M of share repurchases). They reaffirmed full‑year targets set in January, see a clear path to 16%–18% ROTCE by end‑2027, project 4Q'26 NIM of ~3.22%–3.28% and 4Q'27 NIM of ~3.30%–3.50%, expect roughly $100M of 2026 exit run‑rate benefit from the reimagine program (versus a $450M pretax target by end‑2028), assume a cycle deposit beta in the high‑40s (cumulative interest‑bearing beta ~50%), and noted Q1 metrics of EPS $1.13, ROTCE 12.2%, NIM 3.14% (+7 bps q/q), ACL 1.52%, net charge‑offs 39 bps, and ~$500M returned to shareholders in Q1 ($198M dividend, $300M repurchase).Citizens Financial Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.15B | 12.35B | 12.19B | 9.07B | 6.99B |
| Gross Profit | 7.78B | 7.11B | 7.54B | 7.55B | 7.06B |
| EBITDA | 2.69B | 2.39B | 2.51B | 3.22B | 3.60B |
| Net Income | 1.83B | 1.51B | 1.61B | 2.07B | 2.32B |
Balance Sheet | |||||
| Total Assets | 226.35B | 217.52B | 221.96B | 226.73B | 188.41B |
| Cash, Cash Equivalents and Short-Term Investments | 49.38B | 43.85B | 41.70B | 34.59B | 34.90B |
| Total Debt | 11.28B | 12.40B | 13.97B | 15.89B | 7.01B |
| Total Liabilities | 200.03B | 193.27B | 197.62B | 203.04B | 164.99B |
| Stockholders Equity | 26.32B | 24.25B | 24.34B | 23.69B | 23.42B |
Cash Flow | |||||
| Free Cash Flow | 2.04B | 1.88B | 2.79B | 3.99B | 2.15B |
| Operating Cash Flow | 2.21B | 2.00B | 2.96B | 4.12B | 2.27B |
| Investing Cash Flow | -5.97B | 2.99B | 5.25B | -12.64B | -10.49B |
| Financing Cash Flow | 5.88B | -6.01B | -7.13B | 9.91B | 4.64B |
Citizens Financial Technical Analysis
Positive
64.45
Price Trends
61.60
Positive
60.29
Positive
54.94
Positive
Market Momentum
1.40
Negative
63.56
Neutral
79.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CFG, the sentiment is Positive. The current price of 64.45 is above the 20-day moving average (MA) of 61.41, above the 50-day MA of 61.60, and above the 200-day MA of 54.94, indicating a bullish trend. The MACD of 1.40 indicates Negative momentum. The RSI at 63.56 is Neutral, neither overbought nor oversold. The STOCH value of 79.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CFG.
Citizens Financial Risk Analysis
Citizens Financial disclosed 36 risk factors in its most recent earnings report. Citizens Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Citizens Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $23.63B | 10.08 | 11.78% | 3.74% | 2.92% | 16.52% | |
72 Outperform | $32.76B | 13.98 | 8.82% | 3.50% | 9.10% | 0.60% | |
72 Outperform | $31.90B | 12.71 | 10.25% | 2.76% | -0.24% | 19.76% | |
71 Outperform | $44.73B | 58.08 | 8.86% | 3.14% | 7.66% | -5.41% | |
70 Outperform | $23.23B | 10.41 | 9.74% | 3.90% | 20.85% | ― | |
68 Neutral | $27.01B | 12.33 | 7.63% | 2.89% | -0.44% | 34.70% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
CFG
Citizens Financial
63.56
26.56
71.77%
FITB
Fifth Third Bancorp
49.40
14.04
39.70%
HBAN
Huntington Bancshares
16.16
1.83
12.79%
KEY
KeyCorp
21.66
7.03
48.05%
MTB
M&T Bank
214.08
46.59
27.81%
RF
Regions Financial
27.66
7.79
39.22%
Citizens Financial Corporate Events
Executive/Board ChangesShareholder Meetings
Citizens Financial Investors Back Board, Reject Voting Proposal
Positive
Apr 24, 2026
Citizens Financial Group, Inc. held its 2026 Annual Meeting of Stockholders on April 23, 2026, where shareholders elected all director nominees to one-year terms ending at the 2027 meeting and strongly backed executive compensation and the reappoi...
Business Operations and StrategyFinancial Disclosures
Citizens Financial Reports Strong First-Quarter 2026 Earnings Growth
Positive
Apr 16, 2026
Citizens Financial Group, Inc. reported first-quarter 2026 net income of $517 million, up 39% year on year, and diluted EPS of $1.13, up 47%, driven by expanding net interest margin, stronger fee income from capital markets and wealth businesses, ...
Business Operations and StrategyPrivate Placements and Financing
Citizens Financial completes $400 million subordinated notes offering
Positive
Jan 29, 2026
On January 29, 2026, Citizens Financial Group, Inc. completed a $400 million offering of 5.299% Fixed-Reset Subordinated Notes due 2036, issued under its existing indenture with The Bank of New York Mellon as trustee and sold through a syndicate l...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.