Citizens Finl Group Inc Stock Price, News & Analysis

Citizens Financial Group (NYSE:CFG) has appointed Aunoy Banerjee as Executive Vice President and Chief Financial Officer, effective October 24, 2025. Banerjee joins from Barclays Bank PLC, where he served as CFO managing a £1.1 trillion balance sheet.

A 25-year financial services veteran, Banerjee brings extensive experience from leadership roles at Barclays, State Street, and Citigroup. At State Street, he oversaw a $100 billion-plus investment portfolio and led major transformation initiatives. He will replace current CFO John Woods, who departs August 15, with Chris Emerson serving as interim CFO.

In his new role at Citizens ($218.3 billion in assets), Banerjee will oversee Financial Planning, Controller, Investor Relations, Treasury, Tax, and Capital Management functions.

Citizens Financial Group (NYSE: CFG) has announced its board of directors' declaration of quarterly dividends on six series of preferred stock, all payable on October 6, 2025. The dividends include:

- Series B (6.000% Fixed-to-Floating): $19.07 per share
- Series C (6.375% Fixed-to-Floating): $19.46 per share
- Series E (5.000% Fixed-Rate): $12.50 per share
- Series F (5.650% Fixed-Rate Reset): $14.13 per share
- Series G (4.000% Fixed-Rate Reset): $10.00 per share
- Series H (7.375% Fixed-Rate): $18.44 per share

The record date for all preferred shareholders is September 19, 2025. Citizens Financial Group manages $218.3 billion in assets and operates approximately 1,000 branches across 14 states.

Citizens Financial Group (NYSE:CFG) released its Q2 2025 Business Conditions Index™ (CBCI), showing a modestly positive reading of 50.2. Despite significant market uncertainty and geopolitical challenges, corporate revenue trends remained generally healthy across most sectors, with utilities showing a notable rebound.

The bank, with $218.3 billion in assets as of June 30, 2025, reported that while some regions with international borders experienced softer economic conditions due to tariff impacts, national macroeconomic factors remained steady. The ISM Services Index maintained slight expansion, while the Manufacturing Index contracted due to trade policy uncertainty.

Citizens Financial Group (NYSE:CFG) reported strong Q2 2025 financial results with net income of $436 million and earnings per share of $0.92. The bank demonstrated robust performance with sequential net interest income growth of 3% and fee growth of 10%, generating positive operating leverage of approximately 5%.

The company announced a quarterly dividend of $0.42 per share, payable on August 14, 2025. With $218.3 billion in assets as of June 30, 2025, Citizens is advancing its strategic initiatives, particularly in Private Bank/Private Wealth development, and has launched a 'Reimagining the Bank' initiative focused on technological innovation and improved customer service.

Citizens Financial Group (NYSE:CFG) has announced the details for its upcoming second quarter 2025 earnings conference call, scheduled for July 17, 2025, at 10:00 AM ET. The company will release its Q2 2025 earnings report and supplemental materials on the same day, which will be accessible through the investor relations website.

Investors and analysts can participate in the Q&A session by dialing 800-369-1703 (conference ID: 3488708), while a listen-only line is available at 800-475-8432 (conference ID: 3488709). A webcast replay will be available until August 17, 2025, starting at 12:00 PM ET on the day of the call.

Citizens Financial Group (NYSE: CFG) has announced a significant increase in its common share repurchase program authorization to $1.5 billion, representing a $1.2 billion increase from the previous $300 million capacity under the June 2024 authorization. The company's board approval reflects confidence in Citizens' financial performance, customer support capabilities, and business investment potential. CFO John F. Woods emphasized the company's commitment to delivering attractive capital returns while pursuing organic growth initiatives. The repurchases may be executed through open market or private transactions, including Rule 10b5-1 plans and accelerated share repurchase programs, subject to board approval and various factors including capital position, financial performance, and market conditions.

Citizens (CFG) has launched a new comprehensive suite of Mastercard credit cards tailored to meet diverse customer needs across different financial stages. The lineup includes four main cards: Citizens Amp (for credit building), Citizens Spring (for debt management), Citizens Summit (for rewards on everyday spending), and Citizens Summit Reserve (premium rewards card). Each card offers unique benefits, from no annual fees and cash back rewards to premium travel perks and lifestyle benefits. The Summit Reserve card offers up to 3% cash back on select categories and over $950 in product features, including travel credits and lounge access. Developed in partnership with Mastercard, the cards feature sustainable materials and tactile identification features. The bank is also planning to launch commercial card solutions for middle market companies later this year.

Citizens Financial Group (NYSE: CFG) has announced plans to redeem all outstanding 4.35% Fixed-Rate Subordinated Notes due August 1, 2025 (CUSIP: 174610AJ4) on July 3, 2025. The redemption price will be 100% of the principal amount plus any accrued and unpaid interest up to July 3, 2025. The payment will be processed through The Depository Trust Company. Citizens Financial Group, with $220.1 billion in assets as of March 31, 2025, operates approximately 1,000 branches and 3,100 ATMs across 14 states and D.C., offering comprehensive retail and commercial banking services.

Citizens Financial Group (NYSE: CFG) has announced that Don McCree, Senior Vice Chair and Head of Commercial Banking, will be participating in the Morgan Stanley U.S. Financials Conference. The presentation is scheduled for Tuesday, June 10, 2025, at 9:45 am ET. Interested parties can access the live webcast through the company's investor relations website at investor.citizensbank.com under the Events & Presentations section.