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Citizens Financial Group Inc (CFG.N)

CFG.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Citizens Financial Group To Expand Mortgage Banking Business With Acquisition Of Franklin American Mortgage Company
Thursday, 31 May 2018 

May 31 (Reuters) - Citizens Financial Group Inc ::CITIZENS FINANCIAL GROUP INC TO EXPAND MORTGAGE BANKING BUSINESS WITH ACQUISITION OF FRANKLIN AMERICAN MORTGAGE COMPANY.CITIZENS FINANCIAL GROUP INC - DEAL FOR FOR $511 MILLION IN CASH.CITIZENS FINANCIAL GROUP INC - DEAL HAS NO IMPACT ON EXECUTION OF CITIZENS' PREVIOUSLY ANNOUNCED PLANNED SHARE REPURCHASES UNDER ITS 2017 CAPITAL PLAN.CITIZENS FINANCIAL GROUP - DEAL IS EXPECTED TO REDUCE CO'S BASEL III COMMON EQUITY TIER ONE RATIO BY ABOUT 18 BASIS POINTS AT DEAL CLOSE.CITIZENS FINANCIAL GROUP INC - DEAL EXPECTED TO IMPROVE FEE INCOME, PRODUCE ATTRACTIVE RETURNS, HAVE CROSSOVER EARNBACK PERIOD OF LESS THAN 3 YEARS.CITIZENS FINANCIAL GROUP INC - DEAL HAS NO IMPACT ON EXECUTION OF CITIZENS' PLANNED SHARE REPURCHASES UNDER 2017 CAPITAL PLAN.CITIZENS FINANCIAL GROUP INC - COMPANY EXPECTS TO ACHIEVE ANNUAL EXPENSE SYNERGIES OF ABOUT $50 MILLION BY 2020.CITIZENS FINANCIAL-RETURN ON AVERAGE TANGIBLE COMMON EQUITY ACCRETION EXPECTED ABOUT 30 BASIS POINTS IN 2019, ABOUT 45 BASIS POINTS IN 2020 FROM DEAL.CITIZENS FINANCIAL GROUP INC - DEAL IS EXPECTED TO BE MODESTLY ACCRETIVE TO SECOND HALF 2018.CITIZENS FINANCIAL GROUP INC - EARNINGS PER DILUTED COMMON SHARE ACCRETION OF APPROXIMATELY 2PCT IN 2019 FROM DEAL.CITIZENS FINANCIAL GROUP INC - COMBINED MORTGAGE BUSINESS WILL BE LED BY ERIC SCHUPPENHAUER, CURRENT CITIZENS PRESIDENT OF HOME MORTGAGE.CITIZENS FINANCIAL GROUP INC - DEAL IS EXPECTED TO BE ABOUT 3% ACCRETIVE TO 2020 EARNINGS PER SHARE.  Full Article

Citizens Financial Group Announces Redemption Of Subordinated Notes
Thursday, 24 May 2018 

May 24 (Reuters) - Citizens Financial Group Inc ::CITIZENS FINANCIAL GROUP ANNOUNCES REDEMPTION OF SUBORDINATED NOTES.CITIZENS FINANCIAL GROUP - REDEMPTION ON JUNE 29, 2018, OF ALL OUTSTANDING 5.158% FIXED-TO-FLOATING CALLABLE SUBORDINATED NOTES DUE JUNE 29, 2023.CITIZENS FINANCIAL - REDEMPTION PRICE FOR NOTES WILL BE EQUAL TO 100% OF NOTES REDEEMED, PLUS ANY ACCRUED & UNPAID INTEREST TO, BUT EXCLUDING DATE.  Full Article

Citizens Financial Group Announces Pricing Of $750 Mln Of Citizens Bank, N.A. Senior Notes
Monday, 26 Mar 2018 

March 26 (Reuters) - Citizens Financial Group Inc ::CITIZENS FINANCIAL GROUP ANNOUNCES PRICING OF $750 MILLION OF CITIZENS BANK, N.A. SENIOR NOTES.CITIZENS FINANCIAL GROUP INC - $750 MILLION NOTES CONSIST OF $500 MILLION 3.700% FIXED-RATE NOTES DUE 2023, $250 MILLION FLOATING-RATE NOTES DUE 2023.  Full Article

Citizens Financial Group Sees FY2018 Provision Expense $425 Mln - $475 Mln Vs. Underlying 2017‍​
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Citizens Financial Group Inc ::CITIZENS FINANCIAL GROUP SEES FY2018 PROVISION EXPENSE $425 MILLION - $475 MILLION VERSUS. UNDERLYING 2017‍​.CITIZENS FINANCIAL GROUP SAYS EXPECTS FY 2018 NET INTEREST INCOME GROWTH OF 7 TO 9 PERCENT VERSUS UNDERLYING FY 2017 ‍​- PRESENTATION SLIDES.CITIZENS FINANCIAL GROUP - EXPECTS IN FY2018, 4.5 PERCENT - 6 PERCENT NONINTEREST INCOME GROWTH VERSUS. UNDERLYING 2017‍​.CITIZENS FINANCIAL GROUP SAYS EXPECTS Q1 2018 NONINTEREST INCOME STABLE/UP MODESTLY VERSUS Q4 2017.CITIZENS FINANCIAL GROUP INC - ‍​EXPECT ABOUT 5 BASIS POINT IMPROVEMENT IN NET INTEREST MARGIN IN Q1 2018 VERSUS Q4 2017.  Full Article

Citizens Financial Group Q4 Earnings Per Share $1.35
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Citizens Financial Group Inc ::CITIZENS FINANCIAL GROUP, INC. REPORTS FOURTH QUARTER NET INCOME OF $666 MILLION AND DILUTED EPS OF $1.35.Q4 EARNINGS PER SHARE $1.35.Q4 EARNINGS PER SHARE VIEW $0.67 -- THOMSON REUTERS I/B/E/S.CITIZENS FINANCIAL - Q4 RESULTS INCLUDED A $317 MILLION AFTER-TAX NET BENEFIT FROM NOTABLE ITEMS INCLUDING BENEFIT RELATED TO NET DEFERRED TAX LIABILITY.QTRLY ‍NET INTEREST INCOME OF $1.1 BILLION INCREASED $18 MILLION FROM Q3 LEVELS​ ‍.- ‍BOARD OF DIRECTORS DECLARED A 22% INCREASE IN ITS QUARTERLY CASH DIVIDEND TO $0.22 PER COMMON SHARE​.- QTRLY TOTAL REVENUE OF $1.5 BILLION INCREASED $121 MILLION, OR 9 PERCENT FROM LAST YEAR.Q4 REVENUE VIEW $1.45 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Citizens Financial Group announces pricing of $750 mln of citizens bank, N.A. Senior notes
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Citizens Financial Group Inc :Citizens Financial Group Inc announces pricing of $750 million of citizens bank, N.A. Senior notes.Citizens Financial Group Inc - ‍senior notes are being offered under bank's $8.0 billion global bank note program​.Citizens Financial Group Inc - ‍pricing of senior unsecured note offering by citizens bank, N.A. Of $750 million of 2.250 pct senior unsecured notes due 2020​.  Full Article

CITIZENS FINANCIAL GROUP Q3 EARNINGS PER SHARE $0.68
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Citizens Financial Group Inc ::CITIZENS FINANCIAL GROUP, INC. REPORTS THIRD QUARTER NET INCOME OF $348 MILLION AND DILUTED EPS OF $0.68.Q3 EARNINGS PER SHARE $0.68.Q3 EARNINGS PER SHARE VIEW $0.64 -- THOMSON REUTERS I/B/E/S.Q3 REVENUE $1.4 BILLION VERSUS I/B/E/S VIEW $1.43 BILLION.CITIZENS FINANCIAL GROUP INC - QTRLY ‍NET INTEREST INCOME $1.06 BILLION VERSUS $945 MILLION​.  Full Article

Citizens Financial Group announces departure of CFO Eric Aboaf
Wednesday, 28 Sep 2016 

Citizens Financial Group Inc : Citizens Financial Group announces departure of chief financial officer Eric Aboaf . Affirms that it is having strong quarter, currently expects to meet or exceed Bloomberg Q3 consensus estimates of $0.48 per share . Says former Citizens Financial Group CFO John Fawcett will come out of retirement and serve as interim CFO .Will conduct thorough external search for permanent CFO.  Full Article

Citizens Financial announces pricing of $350 mln of notes
Monday, 25 Jul 2016 

Citizens Financial Group Inc : Pricing of offering of $350 million aggregate principal amount of 2.375% senior unsecured notes due July 28, 2021 at issue price of 99.948% .Citizens Financial Group announces pricing of $350 million of senior notes.  Full Article

Citizens Financial files for senior notes due 2021 of up to $350 mln
Monday, 25 Jul 2016 

Citizens Financial Group Inc : Files for senior notes due 2021 of up to $350.0 million-SEC filing .Says it intends to use the net proceeds, plus available cash, for the repurchase transaction.  Full Article

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Citigroup won't use high deposit rates to win digital accounts: executive

NEW YORK Citigroup Inc does not plan to use high deposit rates to attract customers to its new digital bank accounts when it begins marketing this fall, the chief of its global consumer bank said on Tuesday.