Citizens Financial Group Inc - Understand $cfg stock

$CFG Market Cap: $17.97 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$5.936B

TTM

Gross Margin

Net Earnings

$1.250B

TTM

Current Assets

Current Liabilities

$2.000M

Q2 2024

Current Ratio

Total Assets

$219.9B

Q2 2024

Total Liabilities

$196.1B

Q2 2024

Book Value

$23.87B

Q2 2024

Cash

$11.77B

Q2 2024

P/E

14.38

Sep 13, 2024 EST

Free Cash Flow

$2.945B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$8.224B	$8.021B	$6.647B	$6.905B	$6.491B	$6.128B	$5.707B	$5.255B	$4.824B	$4.979B	$4.690B	$4.894B
YoY Change	2.53%	20.67%	-3.74%	6.38%	5.92%	7.38%	8.6%	8.93%	-3.11%	6.16%	-4.17%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$8.224B	$8.021B	$6.647B	$6.905B	$6.491B	$6.128B	$5.707B	$5.255B	$4.824B	$4.979B	$4.690B	$4.894B
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$115.0M	$107.0M	$98.00M	$110.0M	$116.0M	$117.0M	$124.0M	$130.0M	$116.0M	$117.0M	$138.0M	$163.0M
YoY Change	7.48%	9.18%	-10.91%	-5.17%	-0.85%	-5.65%	-4.62%	12.07%	-0.85%	-15.22%	-15.34%	-62.44%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	$3.963B	$1.048B	$339.0M	$771.0M	$1.575B	$1.226B	$747.0M	$508.0M	$452.0M	$363.0M	$443.0M	$619.0M
YoY Change	278.15%	209.14%	-56.03%	-51.05%	28.47%	64.12%	47.05%	12.39%	24.52%	-18.06%	-28.43%
% of Operating Profit
Other Income/Expense, Net	$396.0M	$323.0M	$300.0M	$319.0M	$364.0M	$262.0M	$300.0M	$241.0M	$271.0M	$303.0M	$256.0M	$271.0M
YoY Change	22.6%	7.67%	-5.96%	-12.36%	38.93%	-12.67%	24.48%	-11.07%	-10.56%	18.36%	-5.54%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Pretax Income	$2.030B	$2.655B	$2.977B	$1.298B	$2.251B	$2.183B	$1.912B	$1.534B	$1.263B	$1.268B	-$3.468B	$1.024B
YoY Change	-23.54%	-10.82%	129.35%	-42.34%	3.11%	14.17%	24.64%	21.46%	-0.39%	-136.56%	-438.67%	31.62%
Income Tax	$422.0M	$582.0M	$658.0M	$241.0M	$460.0M	$462.0M	$260.0M	$489.0M	$423.0M	$403.0M	-$42.00M	$381.0M
% Of Pretax Income	20.79%	21.92%	22.1%	18.57%	20.44%	21.16%	13.6%	31.88%	33.49%	31.78%		37.21%
Net Earnings	$1.491B	$1.960B	$2.319B	$1.057B	$1.791B	$1.721B	$1.652B	$1.045B	$840.0M	$865.0M	-$3.426B	$643.0M
YoY Change	-23.93%	-15.48%	119.39%	-40.98%	4.07%	4.18%	58.09%	24.4%	-2.89%	-125.25%	-632.81%	27.08%
Net Earnings / Revenue	18.13%	24.44%	34.89%	15.31%	27.59%	28.08%	28.95%	19.89%	17.41%	17.37%	-73.05%	13.14%
Basic Earnings Per Share	$3.14	$4.12	$5.18	$2.22	$3.82	$3.54	$3.26	$1.97	$1.55	$1.55	-$6.12	$1.15
Diluted Earnings Per Share	$3.13	$4.102M	$5.16	$2.22	$3.81	$3.52	$3.25	$1.97	$1.55	$1.55	-$6.12	$1.15

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$895.0M	$844.0M	$1.534B	$1.458B	$1.460B	$791.0M	$685.0M	$601.0M	$595.0M	$595.0M	$592.0M	$643.0M
YoY Change	6.04%	-44.98%	5.21%	-0.14%	84.58%	15.47%	13.98%	1.01%	0.0%	0.51%	-7.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets										$0.00	$46.00M	$0.00
YoY Change										-100.0%
Total Long-Term Assets
YoY Change
Total Assets	$222.0B	$226.7B	$188.4B	$183.3B	$165.7B	$160.5B	$152.3B	$149.5B	$138.2B	$132.9B	$122.2B	$127.1B
YoY Change
Accounts Payable											$0.00
YoY Change
Accrued Expenses	$977.0M	$1.066B	$800.0M	$835.0M	$721.0M
YoY Change	-8.35%	33.25%	-4.19%	15.81%
Deferred Revenue
YoY Change
Short-Term Debt	$505.0M	$3.000M	$74.00M	$243.0M	$274.0M	$2.809B	$2.671B	$4.359B	$3.432B	$10.53B	$7.042B	$4.102B
YoY Change	16733.33%	-95.95%	-69.55%	-11.31%	-90.25%	5.17%	-38.72%	27.01%	-67.4%	49.52%	71.67%
Long-Term Debt Due	$470.0M	$751.0M	$1.931B	$1.361B	$2.504B	$0.00
YoY Change	-37.42%	-61.11%	41.88%	-45.65%
Total Short-Term Liabilities	$505.0M	$1.817B	$2.731B	$2.196B	$3.225B	$2.809B	$2.671B	$4.359B	$3.432B	$10.53B	$7.042B	$4.102B
YoY Change	-72.21%	-33.47%	24.36%	-31.91%	14.81%	5.17%	-38.72%	27.01%	-67.4%	49.52%	71.67%
Long-Term Debt	$9.681B	$7.368B	$4.982B	$6.966B	$6.535B	$6.925B	$11.77B	$12.79B	$9.886B	$4.642B	$1.350B	$639.0M
YoY Change	31.39%	47.89%	-28.48%	6.6%	-5.63%	-41.14%	-8.01%	29.37%	112.97%	243.85%	111.27%
Other Long-Term Liabilities	$6.308B	$6.429B	$2.822B	$3.459B	$2.311B	$2.311B	$1.970B	$2.106B	$1.975B	$2.218B	$7.409B	$2.534B
YoY Change	-1.88%	127.82%	-18.42%	49.68%	0.0%	17.31%	-6.46%	6.63%	-10.96%	-70.06%	192.38%
Total Long-Term Liabilities	$15.99B	$13.80B	$7.804B	$10.43B	$8.846B	$9.236B	$13.74B	$14.90B	$11.86B	$6.860B	$8.759B	$3.173B
YoY Change	15.89%	76.79%	-25.14%	17.85%	-4.22%	-32.76%	-7.79%	25.59%	72.9%	-21.68%	176.05%
Total Liabilities	$197.6B	$203.0B	$165.0B	$160.7B	$143.5B	$139.7B	$132.1B	$129.8B	$118.6B	$113.6B	$103.0B	$102.9B
YoY Change	-2.67%	23.06%	2.68%	11.94%	2.74%	5.78%	1.77%	9.46%	4.38%	10.33%	0.03%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	475.1M shares	476.0M shares	425.7M shares	427.1M shares	449.7M shares	478.8M shares	502.2M shares	522.1M shares	535.6M shares	556.7M shares	560.0M shares	560.0M shares
Diluted Shares Outstanding	476.7M shares	477.8M shares	427.4M shares	428.2M shares	451.2M shares	480.4M shares	503.7M shares	523.9M shares	538.2M shares	557.7M shares	560.0M shares	560.0M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $17.972 Billion

About Citizens Financial Group Inc

Citizens Financial Group, Inc. engages in the provision of commercial banking services. The company is headquartered in Providence, Rhode Island and currently employs 17,354 full-time employees. The company went IPO on 2014-09-24. The firm operates through two segments: Consumer Banking and Commercial Banking. Consumer Banking segment serves consumer customers and small businesses, with products and services that include deposits, mortgage and home equity lending, credit cards, small business loans, wealth management and investment services largely across its 4-state traditional banking footprint. Consumer Banking segment operates approximately 1,100 branches, including 187 in-store locations, and approximately 3,200 ATMs. Commercial Banking segment primarily serves companies and institutions with financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as syndicated loans, and others.

Industry: State Commercial Banks Peers: Fifth Third Bancorp First Citizens BancShares Inc (Delaware) First Horizon Corp First Republic Bank Huntington Bancshares Inc KeyCorp Regions Financial Corp PNC Financial Services Group Inc SVB Financial Group