Company file · CFG

Citizens Financial Group

Citizens Financial Group's revenue rose 5.6% in FY2025, to $8.2B, and net income rose 21.3% to $1.8B

Revenue rose 5.6% to $8.2B in FY2025, from $7.8B in FY2024. Net income rose 21.3% to $1.8B. Consumer Banking was the largest segment, at 69% of the segment total.

Prepared from SEC filings · Latest annual report: 10-K for FY2025 (filed Feb 12, 2026) · Latest quarter: 10-Q for the quarter ended Sep 30, 2026 (filed Oct 28, 2026) · Data pulled Nov 11, 2026

Key facts

In fiscal 2025, which ended Dec 31, 2025, Citizens Financial Group (NYSE: CFG) took in $8.2B of revenue (up 5.6% on fiscal 2024); net income was $1.8B (up 21.3%). The most recent quarter, ended Sep 30, 2026, brought revenue of $2.3B, up 9.6% year over year, with net income of $636M. Consumer Banking was the biggest single line by segment: 69% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 12, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Oct 28, 2026).

Revenue$8.2BFY2025 · +5.6% vs FY2024

Net income$1.8BFY2025 · +21.3% vs FY2024

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2025, filed Feb 12, 2026

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q3, $bn (each quarter from that quarter's 10-Q)

FY2025FY2026

Source: 10-Q filed May 4, 2026 · 10-Q filed Aug 3, 2026 · 10-Q filed Oct 28, 2026

How it makes money

By segment, FY2025

LineAmountSharevs FY2024
Consumer Banking$6.2B69%+9.3%
Commercial Banking$2.8B31%−3.0%

Source: 10-K FY2025, XBRL breakdown

By segment in FY2025: Consumer Banking (69%) and Commercial Banking (31%), as shares of the segment total. Total revenue was $8.2B.

By segment: three-year mixShare of the total each fiscal year

FY2023

63%37%

FY2024

67%33%

FY2025

69%31%

Consumer BankingCommercial Banking

Source: 10-K FY2025

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q3 2026 (Jul to Sep 2026) compared with Q3 2025 (Jul to Sep 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q3 2026Q3 2025

Company

Revenue

$2.3B Q3 2026

$2.1B Q3 2025

9.6% increase

Net income

$636M Q3 2026

$494M Q3 2025

28.7% increase

Source: Citizens Financial Group 10-Q for the quarter ended Sep 30, 2026, filed Oct 28, 2026

The bull case and the bear case

The bull case

Revenue rose 5.6% in FY2025 to $8.2B, from $7.8B a year earlier. 10-K, FY2025
Net income rose 21.3% in FY2025 to $1.8B, from $1.5B. 10-K, FY2025
Diluted shares fell 3.7% in FY2025, so each share represents a larger slice of profit. 10-K, FY2025
Revenue in the quarter ended Sep 30, 2026 was $2.3B, up 9.6% on a year earlier. 10-Q, quarter ended Sep 30, 2026

The bear case

Commercial Banking revenue fell 3.0% in FY2025 to $2.8B. 10-K, FY2025
The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include credit losses; interest rates; regulation and capital. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Citizens Financial Group is in the regional banks industry, part of the financials sector. The SEC files it under State Commercial Banks.

Citizens Financial Group reports 2 segments: Consumer Banking and Commercial Banking.

Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the regional banks industry. They are not a summary of Citizens Financial Group’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

Credit lossesBorrowers who can't repay cause losses, especially in a downturn.
Interest ratesChanges in rates move what it earns on loans and pays on deposits.
Regulation and capitalCapital, liquidity and conduct rules affect what it can do and what it costs.
Deposits and fundingCustomers can move deposits, which raises funding costs.
Competition and technologyBanks, fintech firms and card networks compete for customers.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2023	FY2024	FY2025
Revenue	$8.2B	$7.8B	$8.2B
Net income	$1.6B	$1.5B	$1.8B
Diluted shares	477M	454M	437M

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

Citizens Financial Group's revenue is the total revenue figure in its filings. For financial companies it can combine interest, fees, premiums and other income, so it isn't directly comparable with revenue at companies that sell products.
Segment figures are shown before eliminations and other items, so shares are of the segment total rather than of consolidated revenue.

What we left out

Operating cash flow, total debt and cash are left out: for this kind of financial company they mostly reflect lending, trading or investing flows and say little about the business, and they aren't comparable with other companies'.

Recent filings

Form	Filed	Period
10-Q	Oct 28, 2026	Sep 30, 2026
10-Q	Aug 3, 2026	Jun 30, 2026
10-Q	May 4, 2026	Mar 31, 2026
DEF 14A	Mar 9, 2026	Apr 23, 2026
10-K	Feb 12, 2026	Dec 31, 2025

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Citizens Financial Group

How does Citizens Financial Group make money?

In fiscal 2025, revenue totaled $8.2B. By segment in FY2025: Consumer Banking (69%) and Commercial Banking (31%), as shares of the segment total. Total revenue was $8.2B. Source: 10-K for fiscal 2025, filed Feb 12, 2026.

What was Citizens Financial Group's revenue in fiscal 2025?

Revenue came to $8.2B in the year ended Dec 31, 2025. Going back two years, it was $8.2B in fiscal 2023 and $7.8B in fiscal 2024, so the latest year was up 5.6%. Source: 10-K for fiscal 2025, filed Feb 12, 2026.

Is Citizens Financial Group profitable?

Yes, by US accounting rules (GAAP): net income was $1.8B in fiscal 2025, up 21.3% from $1.5B a year earlier. For the quarter ended Sep 30, 2026, net income was $636M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 12, 2026.

What did Citizens Financial Group report in its latest quarterly filing?

The 10-Q for the quarter ended Sep 30, 2026 shows revenue of $2.3B, against $2.1B in the same quarter a year before (up 9.6%), and net income of $636M, against $494M (up 28.7%). Source: 10-Q for the quarter ended Sep 30, 2026, filed Oct 28, 2026.

What are the main risks Citizens Financial Group faces?

Citizens Financial Group's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 12, 2026. Risks that are common among companies in the regional banks industry include Credit losses; interest rates; regulation and capital; deposits and funding; competition and technology. The first: Borrowers who can't repay cause losses, especially in a downturn. Source: 10-K, Item 1A Risk Factors.

Where do these Citizens Financial Group numbers come from?

Two filings Citizens Financial Group made with the SEC: its fiscal 2025 10-K, filed Feb 12, 2026, and its 10-Q for the quarter ended Sep 30, 2026, filed Oct 28, 2026. The figures are taken from the XBRL data the SEC publishes, and every one links back to its source. Methodology explains how fiscal years and missing numbers are handled.

Tracked funds that report owning Citizens Financial Group

Citadel Advisors: 2,712,001 shares, reported value $190.0M at Jun 30, 2026 (−30.2% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
Bridgewater Associates: 847,858 shares, reported value $59.4M at Jun 30, 2026 (+18.8% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Point72 Asset Management: 347,609 shares, reported value $24.4M at Jun 30, 2026 (−80.8% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Soros Fund Management: 287,540 shares, reported value $20.1M at Jun 30, 2026 (−3.7% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Two Sigma Investments: 86,623 shares, reported value $6.1M at Jun 30, 2026 (−80.2% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Millennium Management: 10,182 shares, reported value $0.7M at Jun 30, 2026 (−99.2% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.

From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

Disclosures

Editor holdings in CFG: The editor holds no position in Citizens Financial Group (CFG). As of Nov 11, 2026.
Trading rule: The editor does not buy or sell CFG from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Nov 9, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold CFG, and it doesn't consider your situation.

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