Citizens Financial Group Inc (CFG)
Financials · Regional Banks · US stock · S&P 500 component
$65.24
▲ +0.36 (0.55%)
Fair valueUndervalued
$85 +30.6% to fair value
$43fair band $73–$103$128
Day's range
$64.30 – $65.91
52-week range
$49.00 – $75.33
About Citizens Financial Group Inc
Citizens Financial Group is a regional bank holding company that provides consumer and commercial banking services, mainly in the Northeast, Mid-Atlantic and Midwest of the United States. It takes deposits and makes mortgages, auto and business loans, and it also offers wealth management and capital markets advice. Its earnings come mostly from the gap between interest on loans and interest paid on deposits, plus fee income.
Over the latest twelve months the company reported revenue of $8.7 billion, with growth of 0.9% a year across three years. It reports an operating margin of 31.1%, with return on invested capital of 7%. A dividend is paid, with a yield of 2.8%. Overall, it receives an X-Ray Score of 49 out of 100.
Price chart
52-wk range $49.00 – $75.33Volume 6,702,388Daily, split-adjusted
Vitals
Market cap$27.8B
52-week range$49.00 – $75.33
Volume (last day)6,702,388
P/E (TTM)13.3
EBIT / EV yield8.6%
Free-cash-flow yield–
Dividend yield2.8%
Revenue (TTM)$8.7B
Net income (TTM)$2.1B
Operating margin31.1%
Return on capital7.1%
Debt incl. leases$16.3B
Cash & securities$12.8B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$85middle half of models $61 – $106
Undervalued
+30.6% to fair value
Average of the 4 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $65
Undervalued < $73Fair $73 – $103Overvalued > $103
P/E multiple
$64
P/B multiple
$55
P/S multiple
$121
Dividend discount, stable
$101
Dividend discount, multi-stage · not used
$206
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business at a low price
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Strong
76/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield8.6%
Fair value vs price1.3×
Growth
Weak
18/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)0.9%
EPS growth (3y)-2.0%
Growth consistency50%
Profitability
Weak
33/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital7.1%
Operating margin31.1%
Financial health
Strong
74/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score9 / 9
Net debt / EBITDA1.1×
Interest coverNo interest cost
Dividends
Weak
32/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield2.8%
Dividend growth-1.0%
Quarterly results: last 6 quarters
-1.2%
Mar '25
+3.8%
Jun '25
+11.4%
Sep '25
+8.6%
Dec '25
+12.0%
Mar '26
+12.1%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $2.3B, diluted EPS $1.30.
Compare with peers
RF Regions Financial Corp58 MTB M&T Bank Corp58 KEY Keycorp51 HBAN Huntington Bancshares...39Other Regional Banks companies by X-Ray Score.
SWOT analysis: Citizens Financial Group Inc
Strengthsinside the company
- Operating profit covers interest 50x, so debt costs are a small drag.
- Passes 9 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- Operating margin of 31.1% is thin against 194.7% for industry peers.
Opportunitiesvaluation and setting
- Revenue growth picked up to 5.6% last year from 0.9% a year over three years.
- The price is 31% below our fair value estimate, with the gap larger than the margin we allow for error.
- Our Market Compass rates the backdrop for Financials as favourable.
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare CFG with peers and sector
Medians of 5 Regional Banks peers and of 70 Financials stocks in our universe.
Largest peers (X-Ray Score): FITB 36, MTB 58, HBAN 39, RF 58, KEY 51.
| Metric | CFG | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 49 | 51 | 50 |
| Valuation | 76 | 61 | 52 |
| Growth | 18 | 27 | 54 |
| Profitability | 33 | 36 | 49 |
| Financial health | 74 | 77 | 50 |
| Dividends | 32 | 60 | 54 |
Sector leaders: highest X-Ray Score in Financials
CFG ranks #43 of 71 in Financials and #4 of 6 in Regional Banks by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for CFG
Each factor is rated by where CFG stands among the 71 Financials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 1 Good · 4 Average · 3 Bad of 8
Growth: 0 · 1 · 2
Profitability: 0 · 1 · 1
Valuation: 1 · 2 · 0
| Factor | CFG | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +0.9% | Bad beats 8% | +8.3% | – | – |
| Revenue growth, last year | +5.6% | Average beats 40% | +6.9% | +2.5% | ▲ Better |
| EPS growth, 3 years a year | −2.0% | Bad beats 14% | +12.7% | – | – |
| Profitability | |||||
| Net margin | 24.4% | Average beats 62% | 21.8% | 22.2% | ≈ In line |
| Return on equity | 8.1% | Bad beats 16% | 15.7% | 7.0% | ≈ In line |
| Valuation | |||||
| P/E ratio | 13.1x | Average beats 58% | 13.8x | 9.8x | ▼ Worse |
| Price / book | 1.1x | Good beats 89% | 2.2x | 0.8x | ≈ In line |
| Price / sales | 3.2x | Average beats 47% | 3.1x | 2.5x | ▼ Worse |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings), and banks and insurers are rated only on the factors that apply to them. A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 3 Good · ● 4 Average · ● 4 BadCash quality
Earnings backed by cashAverage
Risk models
Piotroski F-ScoreGood
Growth
EPS growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Net debt / EBITDAAverage
Interest coverGood
Valuation
Fair value vs priceGood
EBIT / EV yieldAverage
Profitability
Return on invested capitalBad
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 44/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $6.6B | $8.0B | $8.2B | $7.8B | $8.2B |
| Operating income | $3.3B | $3.7B | $6.0B | $1.9B | $2.3B |
| Net income | $2.3B | $2.1B | $1.6B | $1.5B | $1.8B |
| Operating cash flow | $2.3B | $4.1B | $3.0B | $2.0B | $2.2B |
| Operating margin | 49.9% | 46.2% | 72.9% | 24.2% | 28.2% |
| Free cash flow | – | – | – | – | – |
| Diluted EPS | $5.16 | $4.10 | $3.13 | $3.03 | $3.86 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
7 bullish · 1 neutral · 8 bearish
Weekly
Neutral
6 bullish · 1 neutral · 5 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 63.72 | Bullish |
| EMA 10 | 64.09 | Bullish |
| SMA 20 | 63.94 | Bullish |
| EMA 20 | 64.50 | Bullish |
| SMA 50 | 67.37 | Bearish |
| EMA 50 | 66.28 | Bearish |
| SMA 100 | 68.44 | Bearish |
| EMA 100 | 66.56 | Bearish |
| SMA 200 | 64.95 | Bullish |
| EMA 200 | 63.88 | Bullish |
Oscillators (daily)
| RSI (14) | 51.38 | Neutral |
| MACD (12, 26) | -0.83 | Bearish |
| Momentum (12) | 1.79 | Bullish |
| Stochastic %K (14) | 83.37 | Bearish |
| Williams %R (14) | -16.63 | Bearish |
| CCI (20) | 135.4 | Bearish |
Pivot points (classic, last session)
S3 62.79 | S2 63.54 | S1 64.39 | Pivot 65.15 | R1 66.00 | R2 66.75 | R3 67.60 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.84 USD
Yield on today's price
2.82%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.4600 | |
| 0.4600 | |
| 0.4600 | |
| 0.4600 | |
| 0.4200 | |
| 0.4200 | |
| 0.4200 | |
| 0.4200 | |
| 0.4200 | |
| 0.4200 | |
| 0.4200 | |
| 0.4200 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold CFG
| ETF | Share of the fund |
|---|---|
| KBWB Invesco KBW Bank | 3.17% |
| KRE SPDR S&P Regional Banking | 1.36% |
| DVY iShares Select Dividend | 1.12% |
| KBE SPDR S&P Bank | 1.01% |
| DPST Direxion Daily Regional Banks Bull 3X | 0.93% |
| RPV Invesco S&P 500 Pure Value | 0.83% |
| VOE Vanguard Mid-Cap Value | 0.49% |
| CLSE Convergence Long/Short Equity | 0.48% |
The eight funds with the largest weight in CFG among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
CFG SEC filings
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Current report
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Shareholder vote results
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.