Citizens Finl Group Inc Stock Price, News & Analysis

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.

Citizens Financial Group (NYSE: CFG) has announced that Chairman and CEO Bruce Van Saun will participate in the Bernstein 41st Annual Strategic Decisions Conference 2025. The event is scheduled for May 30, 2025, at 9:00 am ET, with a live webcast available on the company's investor relations website.

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 DC. The bank provides comprehensive consumer and commercial banking services, including mobile banking, lending, savings, wealth management, treasury management, foreign exchange, and capital markets solutions.

Citizens Financial Group (NYSE: CFG) has announced quarterly dividend payments on six series of its preferred stock, all payable on July 7, 2025, to shareholders of record as of June 20, 2025. The dividends include:

- Series B (6.000% Fixed-to-Floating): $19.08 per share
- Series C (6.375% Fixed-to-Floating): $19.47 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

Citizens Financial Group manages $220.1 billion in assets as of March 31, 2025, operating approximately 1,000 branches and 3,100 ATMs across 14 states and D.C.

Citizens Financial Group has announced key leadership changes, promoting Brendan Coughlin to President while Chief Financial Officer John Woods plans to depart. Coughlin, previously Vice Chair and Head of Consumer, Private Banking and Wealth, will report to Chairman and CEO Bruce Van Saun.

In his expanded role, Coughlin will oversee Consumer Banking, Citizens Private Bank, Wealth, Enterprise Data & Analytics, and Marketing. During his 20-year tenure, he launched innovative offerings including partnerships with Apple and Microsoft and national education refinance products.

Under Coughlin's leadership, Citizens Private Bank reached $8.7 billion in deposits and $5.2 billion in assets under management in 2023. The bank has expanded its Wealth Management presence to California, Boston, and Florida.

CFO John Woods will leave in August 2025 for another opportunity. Citizens, with $220.1 billion in assets, operates approximately 1,000 branches across 14 states and DC, offering retail and commercial banking services.

Citizens Business Conditions Index maintained a steady expansionary position at 50.9 in Q1 2025, slightly down from 51.0 in Q4 2024. The index reflects positive business conditions despite growing macroeconomic uncertainty.

Key findings:

• Corporate revenues showed continued growth across most sectors, except Energy and Utilities
• Business sentiment started strong but showed cooling momentum by quarter's end
• Employment data and new business applications remained neutral
• ISM Manufacturing and Services indexes were expansionary but showed declining sentiment in March

Citizens Financial Group, with $220.1 billion in assets, operates approximately 1,000 branches across 14 states and DC. The bank provides comprehensive retail and commercial banking services, including mobile banking, lending, wealth management, and corporate finance solutions through its Consumer and Commercial Banking divisions.

Citizens Financial Group (NYSE: CFG) has reported its Q1 2025 financial results with net income of $373 million and earnings per share of $0.77. The company maintained strong financial metrics with a CET1 ratio of 10.6% and a loan-to-deposit ratio of 77.5%.

The company announced an agreement to sell its purchased student loan portfolio, which will accelerate Non-Core rundown and free up capital and liquidity. Citizens' board declared a quarterly dividend of $0.42 per share, payable on May 14, 2025.

As of March 31, 2025, Citizens reported total assets of $220.1 billion. The bank maintains approximately 3,100 ATMs and 1,000 branches across 14 states and the District of Columbia.