Citizens Financial Group, Inc. reports banking results and capital actions for a bank holding company serving consumers, small businesses, middle-market companies, large corporations and institutions. Its recurring updates center on Consumer Banking and Commercial Banking activity, including deposits, mortgage and home equity lending, credit cards, small business loans, education loans, point-of-sale finance loans, wealth management and commercial banking services.
Company news also includes quarterly earnings materials, common and preferred stock dividend announcements, investor conference participation and community finance initiatives. Citizens’ public updates frequently connect financial performance with balance sheet trends, credit conditions, private banking activity, financial literacy programs, nonprofit partnerships and small-business support in the markets the bank serves.
Citizens Financial Group, Inc. (NYSE: CFG) announced that Vice Chairman and Chief Financial Officer John Woods will participate in the Credit Suisse Annual Financial Services Forum on February 17, 2022, at 2:40 pm ET. The event will be broadcast live and can be accessed through Citizens' investor relations website. Citizens Financial Group, based in Providence, Rhode Island, is one of the largest financial institutions in the U.S., with $188.4 billion in assets as of December 31, 2021, offering a range of banking products and services nationwide.
According to a Citizens survey, middle-market companies and private equity firms expect a robust M&A market in 2022, with increased deal volumes and valuations. Of 400 surveyed leaders, 54% of PE firms predict higher deal flow compared to 2021, while 36% of middle-market firms anticipate higher valuations. Despite challenges from COVID and economic factors, confidence in the market remains high. The survey indicates a resurgence in selling activity, driven by strategic growth and succession planning, with a notable increase in sellers open to discussions.
Citizens Financial Group (CFG) reported a robust fourth quarter for 2021, achieving an underlying net income of $569 million and earnings per share (EPS) of $1.26. For the entire year, net income reached $2.3 billion, with an EPS of $5.16. The company highlighted record Capital Markets revenue and plans to enhance growth through strategic initiatives in 2022. Additionally, a quarterly dividend of $0.39 per share was declared, payable on February 11, 2022.
Citizens Financial Group (NYSE: CFG) will release its fourth-quarter and full-year 2021 earnings on January 19, 2022. The announcement will be followed by a live conference call at 8:00 am ET, where management will discuss the financial results. Interested parties can join the call by dialing 877-336-4440 with the conference ID 6052001. A replay will be available from 12:00 pm ET on the same day through February 19, 2022. Citizens Financial, headquartered in Providence, RI, reported $187.0 billion in assets as of September 30, 2021.
Citizens Financial Group has announced its agreement to acquire the assets of DH Capital LLC, enhancing its corporate advisory capabilities in the digital infrastructure sector. Based in New York City, DH Capital has facilitated over 200 M&A transactions worth approximately $35 billion. This acquisition aims to expand Citizens' offerings, including debt and equity financing solutions, and is expected to close in Q1 2022, pending regulatory approvals. The deal reflects Citizens' strategy to strengthen its advisory expertise following similar acquisitions earlier this year.
Citizens Bank, N.A. announced the redemption of two series of Senior Notes totaling $1 billion on January 14, 2022. This includes $700 million of 3.250% Senior Notes and $300 million of Floating Rate Senior Notes, both maturing on February 14, 2022. The redemption price will cover 100% of the principal plus accrued interest. After the redemption date, these notes will be considered no longer outstanding, and interest will cease to accrue. Payments will be facilitated by The Depository Trust Company.
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Citizens Financial Group has expanded its partnership with Microsoft to offer point-of-sale financing at the Microsoft Store. Customers in the U.S. can now access no-interest financing for all Microsoft products through the Citizens Pay platform. The initiative introduces 12- and 18-month installment terms without additional credit checks, enhancing affordability for consumers ahead of the holiday season. This builds on a previous successful collaboration involving Xbox All Access financing.
Citizens Financial Group (NYSE: CFG) announced that Chairman and CEO Bruce Van Saun will participate in the Goldman Sachs U.S. Financial Services Conference on December 7, 2021, at 8:40 am ET. A live webcast can be accessed via investor.citizensbank.com.
As of September 30, 2021, Citizens manages $187.0 billion in assets, offering a range of banking services across the New England, Mid-Atlantic, and Midwest regions.
Citizens Financial Group, Inc. (NYSE: CFG) has successfully completed the acquisition of JMP Group LLC, a capital markets firm specializing in investment banking services, including strategic advisory and equity research, targeting sectors like healthcare and technology. JMP, founded in 1999 and headquartered in San Francisco, will function as a wholly-owned subsidiary. This acquisition enhances Citizens' corporate financial advisory capabilities and aims to leverage synergies in investment banking.