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One Citizens Plaza, Providence, RI 02903 (Address of principal executive offices, including zip code) (203) 900-6715 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, $0.01 par value per share CFG New York Stock Exchange Depositary Shares, each representing a 1/40th interest in a share of 6.350% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred ...

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced that its board of directors has declared the following dividends on its preferred stock payable on April 8, 2024, to preferred shareholders of record at the close of business on March 22, 2024: a quarterly cash dividend of $21.723520 per share on CFG’s 6.000% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B; a quarterly cash dividend of $15.9375 per share on CFG’s 6.375% Fixed-to-Floating Rat ...

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced that Brendan Goode will assume the role of Chief Security Officer, effective April 29, 2024. Upon assuming the CSO role, Goode will report to Michael Ruttledge, CIO and Head of Enterprise Technology & Security. He will succeed Holly Ridgeway, who will retire from Citizens at the end of June. “Brendan is a highly skilled security executive whose extensive experience and innovative insights in security, operationa ...

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today unveiled a number of changes aimed at accelerating the growth of its Wealth Management and Private Banking business to serve the entire spectrum of wealth clients, from mass affluent to ultra-high net worth and family offices. The new strategy, highlighted by the hiring of two new executives in critical roles, will better position Citizens to achieve its ambitious goal of building a preeminent Private Banking and Wealth Mana ...

Saying last week’s sell-off triggered by one bank’s results appears to be overblown, Citi analyst Keith Horowitz on Monday upgraded Citizens Financial Group Inc. to buy from hold.Citizens Financial Group’s stock CFG, +2.82% rose by 1.4% in premarket trading.“With the market pricing in greater credit concerns, we are stepping off the sidelines and upgrading CFG,” Horowitz said. Horowitz kept his target price for the stock at $36 a share, after Citizens Financial Group’s stock dropped by 7% between Jan. 30 an ...

Banks continue to navigate a bumpy landscape in loans tied to a drop in office-space value and rent prices in many markets as workers stay at home.In one high-profile example on Tuesday, New York Community Bancorp NYCB, -37.67% cited a need to increase its allowance for credit losses (ACL) on the heels of an office loan that contributed to a $185 million charge-off loss and helped trigger a roughly 40% drop in its stock price.“Given the impact of recent credit deterioration within the office portfolio, we d ...

PROVIDENCE, R.I.--(BUSINESS WIRE)--The national Citizens Business Conditions Index™ (CBCI) rose to 51.8 in the fourth quarter, supported by continued resilience in the labor market and consumer trends. The second consecutive quarterly reading above 50 indicates that the economy exited 2023 with momentum as signs of moderating inflation support optimism for a soft landing. While applications for new businesses were slightly softer during the period, solid employment trends, particularly in Local Governmen ...

PROVIDENCE, R.I.--(BUSINESS WIRE)--Today Citizens announced it has opened its annual Small Business Community Champion Award Contest, which will again recognize the positive contributions small businesses make within their communities. Now in its seventh year, the contest will award $10,000 each to 30 small businesses across Citizens’ footprint, including 10 minority-owned and 10 women-owned businesses. This year, for the first time, Citizens will also set aside five of its 30 awards exclusively for veteran ...

Citizens Financial Group (CFG) has reported fourth-quarter 2023 earnings per share of 34 cents, missing the Zacks Consensus Estimate of 60 cents. The bottom line also declined from $1.25 in the year-ago quarter.Results were adversely impacted by lower net interest income (NII), and a rise in provisions and operating expenses. Non-interest income also witnessed a decline in the quarter.Net income was $189 million, down from $653 million in the prior-year quarter.In 2023, underlying earnings of $3.13 per shar ...