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. (CFG) declared dividends on its preferred stock, payable on July 6, 2021, to shareholders recorded by June 21, 2021. Key dividends include a quarterly cash dividend of $10.50 for Series A, $30.00 for Series B (semi-annual), $15.93 for Series C, $15.88 for Series D, $12.50 for Series E, and $14.13 for Series F. As of March 31, 2021, CFG reported $187.2 billion in assets, underscoring its status as a major financial institution in retail and commercial banking.
Citizens Bank has announced the winners of its Fourth Annual Small Business Community Champion Award, with a total prize pool of $300,000, the largest to date, tripling last year's amount. From over 4,000 entries, 30 small business owners received $10,000 each to support community growth. This year, the program expanded to include 20 additional awards for minority- and women-owned businesses, recognizing their vital contributions to local economies. Citizens Bank aims to enhance support for small businesses across its operational regions.
Citizens reported a Citizens Business Conditions Index™ (CBCI) reading of 53.3 for the past quarter, indicating continued economic recovery amid the COVID-19 pandemic. This is slightly down from 56.0 in Q4. The improved outlook is attributed to positive vaccination rates and a new fiscal relief package supporting unemployment and state governments. The CBCI reflects growth in both manufacturing and services, although employment and new-business applications showed mixed results. Overall, the index suggests sustained business activity moving into the next quarter.
Citizens Financial Group (NYSE: CFG) will have Chairman and CEO Bruce Van Saun speaking at the Barclays Americas Select Franchise Conference on May 18, 2021, at 8:00 am ET. The event will be held virtually, and a live webcast can be accessed at investor.citizensbank.com under Events & Presentations. Citizens Financial is a major financial institution with $187.2 billion in assets, offering a diverse range of banking services across retail and commercial sectors, primarily operating in the New England, Mid-Atlantic, and Midwest regions.
Citizens Financial Group, Inc. (NYSE: CFG) has appointed Chris Weyrauch as Head of Wealth Management, effective immediately. He succeeds Ryan Parker, who is leaving for family reasons. Weyrauch has 25 years of experience from TIAA, where he managed $400 billion in assets for 425,000 clients. His focus will be on accelerating Citizens' wealth management growth. Parker will assist Weyrauch through June for a smooth transition. The bank recently reported record results and has a strong team in place to support continued momentum in this critical area.
Citizens Financial Group (NYSE: CFG) reported strong first quarter 2021 results, highlighting robust performance particularly in fee businesses and credit management. The company declared a second-quarter dividend of $0.39 per share, payable on May 13, 2021, to shareholders recorded by April 29, 2021. CEO Bruce Van Saun expressed confidence in the economic recovery while reiterating a commitment to support those affected by the pandemic. Citizens has $187.2 billion in assets and continues to enhance its digital capabilities.
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Citizens Financial Group (NYSE: CFG) announced Eric Schuppenhauer's appointment to the Executive Committee, effective April 1, 2021. Schuppenhauer, who joined Citizens in 2018, has significantly contributed to the growth of the Consumer Lending and National Banking sectors, which encompass a $65 billion loan and $6 billion deposit portfolio. His leadership has strengthened customer experience and organizational engagement. Schuppenhauer previously held senior positions at Capital One and J.P. Morgan, and CEO Bruce Van Saun expressed confidence in his continued contributions to the company's strategic goals.
Citizens Financial Group, Inc. (NYSE: CFG) announced the schedule for its 2022 quarterly financial results and live conference calls. The key dates are: First Quarter on April 19, Second Quarter on July 19, Third Quarter on October 19, and Fourth Quarter on January 17, 2023, all at 9 am ET. The company, one of the largest U.S. financial institutions with $183.3 billion in assets as of December 31, 2020, offers a wide range of banking products and services across the New England, Mid-Atlantic, and Midwest regions.
Citizens has partnered with Black Girls CODE to enhance technology access for women and girls of color. This initiative will introduce four virtual CODE clubs in cities including Providence, Boston, Phoenix, and Charlotte, aiming to engage 100 girls aged 14-17 in coding through project-based learning. Each club will run for six weeks and is designed to eliminate socio-economic barriers in tech education. Additionally, Citizens is committed to investing over $500 million in underserved communities, supporting initiatives focused on social equity and digital literacy.