Citizens Financial Group, Inc. (CFG) — Fundamental Analysis & Key Financial Ratios

Kaplio's reading: Citizens Financial Group, Inc.

Updated on October 20, 2026 · accounts published on October 16, 2026

Reading of October 19, 2026: A well-capitalised bank with a growing dividend and middling returns on equity

Citizens Financial trades at 1.1× book value with a 10.2 % return on tangible equity in fiscal 2025, while EPS rose 27 % over the last 12 months.

• Is Citizens Financial expensive or cheap? Price to book of 1.1× stays under the 1.3× its 10.2 % ROTCE supports, and the P/E sits 5 % below the sector median.
• How is the business doing? EPS grew 27 % over the last 12 months even as revenue fell 10 %, with a net margin of 19.5 %.
• How strong is the balance sheet? Equity equals 11.6 % of assets in fiscal 2025, above the 8 % banking bar, and the dividend has risen 10 years in a row.
• What to expect from the next earnings? Next results on January 21, 2027: analysts expect EPS of $1.49, and the 2026 EPS consensus has held at $5.31 for 30 days.
• Is it an efficient, well-capitalised bank? Capital is solid, but ROTCE of 10.2 % in fiscal 2025 falls short of the 12 % bar and ROA of 1.0 % is borderline.

Is Citizens Financial expensive or cheap?

For a bank, price to book says more than earnings multiples. Citizens Financial trades at 1.1× book value over the last 12 months. With a return on tangible equity of 10.2 % in fiscal 2025, a middling level, a multiple up to 1.3× counts as healthy, so the stock passes. The P/E of 12.7× over the last 12 months is 5 % below the 13.3× median of 472 sector peers but 7 % above its own ten-year median of 11.8×. Over the last decade it has traded at a lower P/E 59 % of the time. The shares are up 30 % in 12 months and sit 16 % below their 52-week high of $74.73.

How is the business doing?

Over the last 12 months revenue fell 10 % year over year while earnings per share rose 27 %, so profit per share is growing on a shrinking top line. The data does not show the cause, and earnings rarely outrun revenue by this much for long unless revenue starts growing again. The net margin stands at 19.5 % over the last 12 months, a solid share of revenue kept as profit. Returns on shareholders' money are modest: ROE was 8.7 % over the same period, below the 12 % return on tangible equity that banks are expected to reach.

How strong is the balance sheet?

Capital to assets of 11.6 % in fiscal 2025 clears the 8 % level considered robust for a bank by a wide margin, which gives the balance sheet room to absorb losses. The dividend yields 2.9 % over the last 12 months, above the 2 % mark considered sustainable and far from the 8 % zone that usually signals stress. Citizens Financial has raised its dividend per share for 10 consecutive fiscal years through 2025, and a payout of 48 % of earnings in fiscal 2025 keeps about half of profit in the business.

What to expect from the next earnings?

Citizens Financial has beaten EPS estimates in each of the last 8 quarters. On October 16, 2026 it reported $1.41 per share against $1.39 expected, a 1.4 % beat, so the margin of surprise is narrow. The 2026 EPS consensus has not moved in the last 30 days ($5.31, 14 analysts), and revenue estimates are just as steady. Of 38 analysts covering the stock, 30 recommend buying, 7 holding and 1 selling. For January 21, 2027, the bar is EPS of $1.49 for the quarter, above the $1.41 just reported.

Is it an efficient, well-capitalised bank?

Banks run on borrowed money, so P/E and ROE alone can flatter results or hide risk. What matters is how much profit the balance sheet generates and how much capital backs it. On capital, Citizens Financial passes comfortably. On efficiency it lags: ROTCE of 10.2 % in fiscal 2025 sits below the 12 % considered adequate and well short of the 15 % that marks excellence, while return on assets of 1.0 % over the last 12 months sits right at the 1 % healthy threshold. That middling profitability explains why a P/B of 1.1× fits what the bank earns.

How this was prepared: the data comes from companies' official filings, collected by a professional provider, and from Kaplio's analysis engine (trailing-12-month ratios, 10 years of history and sector medians computed across US-listed companies). The text is written from that data alone, every figure is checked against it before publication, and it is reviewed when the company reports results. This is not investment advice.