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 announces three key executive appointments to strengthen its consumer banking leadership team. Raman Muralidharan joins as Head of Mortgage, while Adam Boyd and Nuno Dos Santos are promoted to Head of Lending and Head of Retail Banking, respectively. These appointments aim to accelerate the bank's transformation and enhance customer experience.
Muralidharan brings two decades of mortgage industry experience from Guaranteed Rate and HSBC. Boyd, who led the successful FastLine® home equity lending transformation, will oversee consumer lending operations. Dos Santos, who achieved top-quartile growth in the Tri-State Metro market, will manage over 5,000 colleagues across 1,000 retail branches.
Citizens Financial Group (NYSE: CFG) has announced a decrease in its prime lending rate from 8.00% to 7.75%, effective November 8, 2024. The bank, headquartered in Providence, Rhode Island, manages assets worth $219.7 billion as of September 30, 2024. Citizens operates approximately 1,000 branches and 3,100 ATMs across 14 states and D.C., offering comprehensive retail and commercial banking services including mobile banking, lending, savings, wealth management, treasury management, and corporate finance solutions.
Citizens Financial Group (NYSE: CFG) has declared quarterly dividends on its preferred stock series, payable on January 6, 2025, to shareholders of record as of December 20, 2024. The dividends include: $19.85 per share on Series B, $20.24 on Series C, $12.50 on Series E ($0.31 per depositary share), $14.13 on Series F, $10.00 on Series G, and $18.44 on Series H ($0.46 per depositary share). Citizens Financial Group, with $219.7 billion in assets, operates approximately 1,000 branches and 3,100 ATMs across 14 states and D.C., offering retail and commercial banking services.
Citizens Financial Group (NYSE: CFG) has announced its 2026 quarterly financial results schedule. Conference calls will be held on: April 16 (Q1), July 16 (Q2), October 16 (Q3), and January 20, 2027 (Q4), all at 9 am ET. The company, with $219.7 billion in assets as of September 30, 2024, operates approximately 3,100 ATMs and over 1,000 branches across 14 states and DC, providing comprehensive retail and commercial banking services.
Citizens Financial Group (NYSE: CFG) reported Q3 2024 net income of $382 million and EPS of $0.77. Underlying net income was $392 million with EPS of $0.79. The company's CET1 ratio stood at 10.6% and loan-to-deposit ratio at 80.8%. Key highlights include:
- Private Bank reached $5.6 billion in deposits and $4.1 billion in AUM
- Strong growth in NYC Metro region
- Upcoming launch of TOP 10 program with $100 million plus impact
- Strong balance sheet across capital, liquidity, funding, and loan loss reserves
- Q3 impacted by forward-starting swaps and fee pushouts to Q4
- Projecting strong Q4 and 2025 launch
- Quarterly dividend of $0.42 per share declared
Citizens Financial Group has $219.7 billion in assets as of September 30, 2024, offering a range of retail and commercial banking products across 14 states and D.C.
Citizens Financial Group (NYSE: CFG) has announced a change in the date and time for its second quarter 2025 financial results conference call. The call will now take place on Thursday, July 17, 2025, at 10:00 a.m. Eastern Time (ET). The company will issue a press release reporting its results at approximately 6:20 a.m. ET on the same day. Investors can access the news release on the company's investor relations website at http://investor.citizensbank.com.
Citizens Bank, N.A. has announced the redemption of its outstanding $600,000,000 aggregate principal amount 6.064% Fixed/Floating Rate Senior Notes due October 24, 2025. The redemption is scheduled for October 24, 2024, which is the Redemption Date. The redemption price will be 100% of the principal amount of the Notes redeemed, plus any accrued and unpaid interest up to, but excluding, the Redemption Date.
After the Redemption Date, the Notes will no longer be considered outstanding, and interest will cease to accrue. The redemption payment will be processed through The Depository Trust Company. This action affects Notes with the CUSIP No. 75524KPT5.
Citizens Financial Group (NYSE: CFG) has announced the next phase of its West Coast expansion strategy, focusing on California. The company has opened two new Private Banking offices in Mill Valley and San Francisco, representing its first West Coast branches. Additionally, Citizens has added a top Private Banking team in Southern California to serve the San Diego and Newport Beach markets, led by Victor Mena as Private Bank Market Executive.
Citizens plans to open additional Private Banking offices in Newport Beach, San Diego, and Silicon Valley by mid-2025. The expansion aims to provide comprehensive banking and wealth management services to high-net-worth individuals, families, businesses, and organizations in the region.
As part of its community engagement efforts, Citizens has launched its Champions in Action grant program in San Francisco, offering a $50,000 grant to a local non-profit focused on improving access to mental health and well-being programming.
Citizens Financial Group (NYSE: CFG) has announced details for its third quarter 2024 earnings conference call, scheduled for October 16, 2024. The company will release its earnings report and supplemental materials on the same day, available at http://investor.citizensbank.com. The live conference call will begin at 9:00 am ET, with a dial-in number of 877-336-4440 (conference ID: 4816160). A live webcast will also be accessible on the company's investor relations website.
For those unable to attend the live call, a replay will be available from 1:00 pm ET on October 16, 2024, until November 16, 2024. The replay can be accessed by dialing 866-207-1041 with access code 2124050. Additionally, the webcast replay will be available on the company's investor relations website under the Events & Presentations section.
Citizens Financial Group (NYSE: CFG) has appointed Claude E. Wade to its Board of Directors, effective March 1, 2025. Wade, with over 30 years of experience in operational, strategy, and innovation roles, will serve on the Board's Risk Committee. He is currently the executive vice president, Chief Digital Officer and Global Head of Business Operations and Global Head of Claims at AIG.
The appointment will temporarily expand the Citizens Board to 14 directors. Concurrently, Wendy Watson, who has served on the Board since 2010, will retire after her current term expires in April 2025. Watson currently chairs the Audit Committee and is a member of the Risk Committee and the Compensation and Human Resources Committee.
Citizens Financial Group reported $219.9 billion in assets as of June 30, 2024. The company offers a range of retail and commercial banking products and services across approximately 3,300 ATMs and 1,000 branches in 14 states and the District of Columbia.