Welcome to our dedicated page for Citizens Finl Group news (Ticker: CFG), a resource for investors and traders seeking the latest updates and insights on Citizens Finl Group stock.
Citizens Financial Group, Inc. (NYSE: CFG) generates a steady flow of news as one of the nation’s oldest and largest financial institutions. Headquartered in Providence, Rhode Island, the company regularly issues updates on its retail and commercial banking activities, capital markets initiatives and corporate governance matters. This news page aggregates those announcements so readers can follow developments affecting CFG stock and the broader Citizens franchise.
Citizens frequently releases earnings-related news, including quarterly and full-year results, conference call schedules and accompanying investor presentations. These announcements are often furnished in Form 8-K filings and referenced in press releases that detail when financial results and supplemental materials will be available to investors.
The company also publishes capital and funding updates, such as offerings of preferred stock depositary shares, changes to preferred stock designations, and redemptions of senior notes or preferred stock series. News items have described public offerings of depositary shares representing interests in preferred stock, the intended use of proceeds, and subsequent redemptions of outstanding securities.
Other Citizens news covers interest rate and product changes, including adjustments to the prime lending rate at Citizens Bank, N.A., as well as dividends declared on various series of preferred stock. Corporate and leadership developments, such as executive appointments and participation in investor conferences, are also announced through press releases and related SEC filings.
In addition, Citizens highlights strategic and recognition-related news, including survey-based insights into U.S. middle market M&A activity and awards such as being named Bank of the Year for the U.S. by The Banker. Investors and observers can use this news stream to track Citizens’ business focus, funding actions and market-facing activities over time.
Citizens Financial Group, Inc. (NYSE: CFG) is set to announce its third quarter 2021 earnings on October 20, 2021. The earnings release and supplementary materials will be available on their investor relations website. A live conference call will occur at 9:00 am ET, with dial-in details provided. The replay of the call will be accessible from 12:00 pm ET on the same day until November 20, 2021. Citizens Financial Group, headquartered in Providence, Rhode Island, manages $185.1 billion in assets.
Citizens Financial Group, Inc. (NYSE: CFG) declared dividends on preferred stock, payable on October 6, 2021, to shareholders of record as of September 21, 2021. The dividends include:
- $15.9375 for Series C
- $15.875 for Series D
- $12.50 for Series E
- $14.125 for Series F
- $12.7778 for Series G
This reflects the company's commitment to returning value to shareholders.
Citizens Financial Group (NYSE: CFG) announced that Chairman and CEO Bruce Van Saun will speak at the Barclays Global Financial Services Conference on September 14, 2021, at 9:45 am ET. The event will be held virtually, and interested parties can access the live webcast through Citizens' investor relations page.
As of June 30, 2021, Citizens Financial Group manages $185.1 billion in assets, providing a variety of banking services to consumers, small businesses, and large corporations through approximately 3,000 ATMs and 1,000 branches across 11 states.
Citizens Financial Group (NYSE: CFG) has agreed to acquire Willamette Management Associates, enhancing its corporate financial advisory services. Founded in 1969, Willamette specializes in business and intellectual property valuation, forensic accounting, and economic damages analysis. This acquisition, expected to close this quarter, builds on Citizens' previous purchases of Western Reserve Partners, Bowstring Advisors, and Trinity Capital Partners, positioning Citizens among top valuation service providers. Financial terms were not disclosed.
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Citizens Financial Group has announced a definitive agreement to acquire Investors Bancorp for approximately $3.5 billion, combining stock and cash. This acquisition adds 154 branches in key northeastern markets and consolidates Citizens' customer base by approximately one million. The merger is anticipated to be accretive to earnings per share (EPS) and deliver significant cost savings, projected at $130 million annually. The transaction is set to close by Q1 or Q2 of 2022, pending regulatory approvals and shareholder consent.
Citizens Financial Group (NYSE: CFG) has announced a definitive agreement to acquire Investors Bancorp (NASDAQ: ISBC) for stock and cash. The merger enhances Citizens' presence in the northeast, adding 154 branches in the New York City and Philadelphia areas and expanding its customer base by approximately one million. The deal is projected to be EPS accretive and deliver significant cost savings and synergies of about $130 million annually. The total transaction value is approximately $3.5 billion, with the closing anticipated in early 2022, pending regulatory and shareholder approvals.
Citizens announced a significant increase in its Business Conditions Index™ (CBCI) to 57, marking the highest level in three years and a five-point rise from last year. A reading above 50 indicates economic expansion. The improvement is attributed to strong momentum from vaccinations and fiscal support, despite inflation concerns. Key positive metrics include rising ISM Manufacturing and Non-Manufacturing Indexes and a decrease in initial jobless claims. Citizens, with $185.1 billion in assets, continues to provide tailored financial solutions across various banking sectors.
Citizens has launched its Green Deposits program, enabling corporate clients to invest cash reserves in environmentally positive projects. This initiative targets sectors like renewable energy, energy efficiency, and sustainable agriculture. Michael Cummins, executive vice president, emphasized the commitment to socially responsible investments. Citizens aims to reduce its greenhouse gas emissions by up to 50% by 2035. It also supports the renewable energy sector with significant investments in U.S. wind farms, totaling approximately $403 million since 2015.
Citizens Financial Group (NYSE: CFG) reported its second quarter 2021 results, highlighting a decline in mortgage revenue, offset by record performance in Capital Markets and Wealth. The company experienced modest loan growth and anticipates acceleration in the latter half of the year due to economic improvements. The board declared a quarterly dividend of $0.39 per share, payable on August 13, 2021. Citizens continues to execute its strategic initiatives and will reveal details on a new program later this year.