# Citizens Financial Group, Inc. (CFG)

> Source: Nexqual · https://nexqual.com/CFG · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Citizens Financial Group, Inc. (CFG), nexqual.com/CFG" · informational, not investment advice.

**Price:** USD 65.24 (+0.55% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 64.88 · day 64.3–65.91 · 52w 49–75.33 · market cap $27.5B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $8.73B, net income $2.13B (24.4% margin) (SEC filings).
- Valuation: P/E 12.9x (avg 12.3x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold CFG (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 1.90 on a 1–5 scale) (20 analysts), mean target USD 76.61 (range 65–87).
- Total return with dividends: 1Y +31.9% vs S&P 500 +14.9%; 5Y +59.3% vs S&P 500 +80.3%.
- Next earnings: 2027-01-15, EPS estimate USD 1.48, revenue estimate $2.40B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $6.65B | $8.02B | $8.22B | $7.81B | $8.25B | $8.73B |
| Net income | $2.32B | $2.07B | $1.61B | $1.51B | $1.83B | $2.13B |
| EPS (diluted) | $5.16 | $4.10 | $3.13 | $3.03 | $3.86 | — |
| Net margin | 34.9% | 25.8% | 19.6% | 19.3% | 22.2% | 24.4% |
| Revenue growth | -3.7% | +20.7% | +2.5% | -5.0% | +5.6% | — |
| Cash + short-term investments | $9.16B | $10.5B | $11.6B | $10.6B | $12.7B | — |
| Total debt | $7.01B | $15.9B | $14.0B | $12.4B | $11.3B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 12.9x · P/S 3.1x · P/B 1.1x · Earnings yield 7.74% · Dividend yield (paid, TTM) 2.84% · Buyback yield (TTM) 2.64%
P/E at fiscal year-ends: Dec 2025 13.9x, Dec 2024 13.2x, Dec 2023 9.8x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold CFG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Sarah Ketterer | Causeway Capital Management | 0.82% | $75.5M | Added +2.7% |

## Analysts
Consensus Buy (mean 1.90 on a 1–5 scale), 20 analysts; mean target USD 76.61 (low 65, high 87).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Citigroup | Target lowered | Buy | $84 → $74 |
| 2026-10-20 | Truist Securities | Target lowered | Hold | $77 → $70 |
| 2026-10-20 | Stephens & Co. | Target lowered | Equal-Weight | $70 → $65 |
| 2026-10-19 | Morgan Stanley | Target lowered | Overweight | $89 → $87 |
| 2026-10-19 | RBC Capital | Target lowered | Outperform | $79 → $74 |
| 2026-10-14 | Cantor Fitzgerald | Target lowered | Overweight | $84 → $78 |
| 2026-10-05 | UBS | Target lowered | Buy | $82 → $77 |
| 2026-10-02 | JP Morgan | Target lowered | Overweight | $78 → $72.5 |
| 2026-10-01 | Evercore ISI Group | Target lowered | Outperform | $85 → $78 |
| 2026-09-28 | Morgan Stanley | Target lowered | Overweight | $90 → $89 |
| 2026-09-23 | Truist Securities | Target lowered | Hold | $80 → $77 |
| 2026-08-19 | Cantor Fitzgerald | Target raised | Overweight | $80 → $84 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +31.9% | +59.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +32.0% | +9.7% |
| Volatility (annualized) | 25.4% | 33.2% |
| Max drawdown | -18.3% (Feb 2026→Mar 2026) | -56.2% (Jan 2022→Oct 2023) |

## Peers (Banks - Regional)
BBD (Banco Bradesco Sa) USD 3.95 -2.47% · FITB (Fifth Third Bancorp) USD 53.23 +0.80% · DB (Deutsche Bank AG) USD 31.48 -2.39% · TFC (Truist Financial Corporation) USD 48.42 +1.45% · NWG (NatWest Group plc) USD 16.99 -2.30% · NU (Nu Holdings Ltd.) USD 14.73 -2.13%

## More
Full page: https://nexqual.com/CFG · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Consumer Banking | $254.0M | 56.3% | +6.3% |
| Commercial Banking | $197.0M | 43.7% | +36.8% |
| Total revenue | $451.0M | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Wealth fees | $102.0M | 22.6% | +15.9% |
| Service charges and fees | $79.0M | 17.5% | +2.6% |
| Card fees | $73.0M | 16.2% | -1.4% |
| Total revenue | $451.0M | 100% | — |
The lines above cover 56.3% of total revenue.

## Company outlook (8-K filed 2026-10-16)

- "We remain confident in our positioning and outlook for Q4 and for 2027." Citizens also announced today that its board of directors declared a quarterly common stock dividend of $0.52 per share, a $0.06, or 13%, increase compared with the prior quarter."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $1.48 | $1.48 | +0.2% | $2.40B | 15 |
| Next quarter (ends 2027-03-31) | $1.42 | $1.42 | -0.2% | $2.39B | 11 |
| Current fiscal year (ends 2026-12-31) | $5.30 | $5.29 | +0.2% | $9.17B | 16 |
| Next fiscal year (ends 2027-12-31) | $6.49 | $6.51 | -0.2% | $9.97B | 16 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2027-01-15 (includes earnings 2027-01-15): ±10.1%; earnings reaction alone ±2.7%; last 8 reports averaged ±3.3%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 25.9% | ±5.8% |
| 2026-12-18 | 56 | 25.4% | ±8.0% |
| 2027-01-15 | 84 | 26.2% | ±10.1% |
| 2027-02-19 | 119 | 26.3% | ±12.0% |
| 2027-04-16 | 175 | 27.5% | ±15.2% |
| 2027-05-21 | 210 | 29.4% | ±17.6% |
| 2027-08-20 | 301 | 30.5% | ±21.5% |
| 2027-11-19 | 392 | 31.7% | ±25.2% |